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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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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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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Selling a home during the holidays has its advantages

We all have a lot on our plates this time of year. That reality can make the prospect of trying to sell a home appear daunting. Who would put their home on the market now, just after Thanksgiving and a little before Christmas? Well, as counterintuitive as it might seem, selling a home during the

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What can millennials expect when in the market for a home?

By Jason Boone For many millennials, the only experience they have with buying a home is what they remember of the process their parents might have gone through: Hush-hush conferences with a Realtor. Reams of paperwork documenting the financial means to purchase a house. Phone call after phone call setting appointments with lenders, inspectors and

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Median sales price continues rise, but is a ceiling near?

By Jason Boone The median price of homes sold in Bend, Oregon, in May was the second-highest in the last 10 years, but there are signs that prices might be nearing or at a peak. At $374,000, the median sales price in May 2016 trailed only that of May 2007 ($396,250) in the time span

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6 ways a Realtor can help you

By Jason Boone Every piece of data seems to scream that the Bend, Oregon, real estate environment is a seller’s market. The inventory of homes for sale is at a historic low. The median sales price is steadily increasing. Pending home sales numbers indicate there’s no end to the turnover in sight. These conditions imply

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Fed rate stays steady, which should keep mortgage rates low

By Jason Boone Not that it was altogether unexpected, but the Federal Reserve voted on Wednesday to stand pat with its key federal funds rate. Still, such a move (or lack thereof) probably will be cause for relief for anyone worried that they might have missed their chance of grabbing a mortgage at a historically

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Chamber Forecast offers optimism about Bend’s future

By Jason Boone Some folks around town have recently expressed some worry about the fate of the Bend real estate market. For some, the rise in single-family home prices seems a little closer to the days leading up to the Great Recession than feels comfortable. That makes some sense. Nobody wants to relive the scary

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