Median sales price in Bend inches up to another record

The residential real estate market in Bend, Oregon, continued in September to reach new heights for sales prices, but the increases remained modest. In September, for the fourth month in a row, the median sales price of a home in Bend reached a record high. Although the market still appears to be strongly fueled by

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Bend homes set third straight monthly record

The median sales price of Bend homes hit another record high in August — barely. It marked the third month in a row the median sales figure established a record. At $414,000, the median sales price in August was $1,500 (0.4 percent) higher than July’s amount. That’s an even smaller increase than we saw from

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Banks really do want to make home loans

In the aftermath of the housing bubble, there was a common perception that mortgages were impossible to obtain, that banks didn’t want to make home loans. Based on a recent publication from Oregon Community Credit Union on the home mortgage environment, that perception appears to persist. It’s worth remembering that one of the primary fallouts of

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Amid another record sales figure, buyers are pushing back

The median sales price of a home in Bend, Oregon, set another record in July, the second month in a row that figure has reached unprecedented levels. But along with the rising median sales price came evidence that the market is highly competitive and buyers are pushing back on overpriced homes. July’s median sales price

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ARM vs. fixed-rate loan: Which is right for you?

Even though interest rates for traditional 30-year mortgages are near the lowest on record, some home buyers in Bend, Oregon, take on adjustable-rate mortgages, or ARMs. These loans start, for a predetermined time, with an interest rate even lower than that of a traditional 30-year loan, after which the rate adjusts – and payments can

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Record for median sales price in June; $400K mark exceeded

Back-to-back months of declines in the median sales price of homes in Bend, Oregon, ended in June: The median price was $409,000 – a record for the 10-plus years for which the Skjersaa Group has data and the first time in that period that the median price has reached $400,000. June 2017 figures share some characteristics

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Median sales price falls for second month in a row. What happened last time that occurred?

The housing market in Bend, Oregon, tapered slightly in May, as the median sales price fell for the second month in succession and the inventory of homes on the market rose compared with April. Still, the year-to-date median price remained steady at a price that represents a high for the 10-plus years for which we

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Do these 5 things before you move into your newly purchased home

So, you’ve bought a house? Congratulations. Few things in our lives are more momentous. Before moving into your new home, though, there are some things you might want to consider taking care of. Addressing these items now, before you’re settled, will generally be easier or more beneficial that if you wait to have them done.

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