2015 ends with a banner month of home sales in Bend

By Jason Boone What was already an impressive year in 2015 ended on a particular high note in December. In fact, an almost shocking number of homes were sold during the last month of 2015, pushing the year into record-breaking territory. How good of a month was it? Through the month of December 214 homes

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Despite hike, relatively low mortgage rates likely to continue

By Jason Boone The news was hardly surprising last week when the announcement came that the Federal Open Market Committee would be hiking the target range of the federal funds rate a quarter point. After seven years of a zero-interest policy, such a move from the Federal Reserve had been rumored for months as the

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Affordable housing is a complicated issue that is worth watching

By Jason Boone Affordable housing, or supposed lack thereof, has been a much-discussed subject around Oregon. And Bend has not been immune, with a historically tight rental market, rising rents and a median home price that at last count sat at $321,500. Such market pressures have created a need for affordable housing, and understandably sparked

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November housing data moderates in Bend as winter approaches

By Jason Boone The residential real estate market in Bend, Oregon tends to slow during the winter months. Typically beginning in November, the colder weather combined with the holiday season often sends potential home buyers and sellers into temporary hibernation, leading to fewer new listings and the whittling down of inventory. November 2015 was no

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Vacation rentals can be a good investment, but new rules in Bend require caution

By Jason Boone Buying a rental property can be a wise investment for many, providing extra income for years to come. And the temptation to become a landlord right now is clear. The Bend rental market dramatically favors landlords at the moment, with a historically tight rental market and vacancy rates that are hovering around

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Key signs suggest that we are not in another real estate bubble

By Jason Boone Home values have grown significantly since the depths of the Great Recession. There is no denying that. Here in Bend, Oregon, the monthly median price has grown from a monthly low of $166,000 in November 2011 to $339,950 in October. For anyone who lived through the tumultuous times after the real estate

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NorthWest Crossing neighborhood enjoying a strong home sales year

By Jason Boone By most any measure this has been a very good year at NorthWest Crossing, easily among the most talked about neighborhoods in Bend, Oregon. For those of us who live in town, we know the buzz that has surrounded the unique live-work development on Bend’s westside for years. The development was built

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New projects going up around OId Mill District

By Jason Boone One need not drive around town for long to realize that Bend, Oregon is changing. In fact, Bend is among the fastest growing metropolitan areas in the nation, according to the U.S. Census Bureau. Such growth is nothing new in this charming city on Oregon’s High Desert. Bend has long been a

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Bend median home price stays strong in October

By Jason Boone The upward trajectory of the Bend, Oregon housing market continued in October 2015, extending a four-year recovery trend from the depths of the Great Recession. Bend’s October median home price came in at a robust $339,500, according to data recently compiled by the Skjersaa Group. The year-to-date median — the number where

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Fewer foreclosures point to stabilized market

By Jason Boone Not long ago it seemed there was a reward for those who chose to wait on the sidelines of the real estate market. The housing boom had gone bust, and downward pressure was created as more and more foreclosures hit the market. Thankfully, those scary days of the Great Recession are largely

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