Inventory down, median price up in April

By Jason Boone An already tight housing market in Bend, Oregon, got tighter in April. Through the end of April, the inventory of houses for sale in the Bend market was 2.1 months, according to data compiled by the Skjersaa Group. The inventory of 2.1 months is the lowest in the time period covered by

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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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The growth of Bend’s ever-changing west side will take some planning

By Jason Boone The westside of Bend has long been a hotspot in Bend real estate, popular with both longtime residents and new arrivals to this fast-growing town on the High Desert. This is no accident, of course. The west side has much appeal. The majority of Bend’s historic homes rest on the west side.

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Brisk sales in March lead to tighter market in Bend

By Jason Boone Buyers are off to a brisk start to the year apparently, leaving an almost historically tight market for single-family homes in Bend. How tight is the market you ask? Through the month of March, the Bend market offered up about 2.3 months of inventory, according to data recently compiled by the Skjersaa

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Foreclosure market in Bend not nearly what it used to be

 By Jason Boone Prospective homebuyers still often ask me about foreclosures. Certainly the question makes sense. In the wake of the housing bust, foreclosed properties dominated the real estate market, both in Bend and throughout the nation. For many bargain hunters, foreclosed homes became an obvious avenue to buy a home at below market rates.

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Second phase of The Bungalows soon to hit MLS as construction commences

By Jason Boone The eight units in the second phase of the The Bungalows at NorthWest Crossing are about to hit the multiple listing service, which is great news for anyone in the market for a beautiful, sustainable home in a walkable neighborhood. The Bungalows, a condominium project that will includes 24 units at buildout,

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Pace of development in Bend only quickening

By Jason Boone Bend has changed quite a bit from when I moved here in 2003 from Seattle. Indeed, ask any longtime Bend resident and he or she will tell you: The one constant in this wonderful place is change. The last few years the pace of growth has seemingly been breakneck, and Bend remains

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Central Oregon home market expectedly cools in February

By Jason Boone A leap year and seasonably mild weather made February 2016 in Bend a bit different than in most years. One thing that was typical, though: a relatively slow home sales month in Bend. In February, 125 single-family homes were sold, according to data recently compiled by the Skjersaa Group. That is down

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New apartments in Bend are much needed

By Jason Boone The tight rental market in Bend has hardly been a secret. With vacancy rates that have hovered around 1 percent, it would be impossible for anyone searching for a home to rent to ignore. Thankfully, the market in Bend appears to be reacting with a slew of new apartment projects, including two

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