November’s median sales price falls, not unexpectedly

The pace of home sales and the median price dropped in November compared with the previous month. But the one-month snapshot comparing November’s numbers to October’s doesn’t capture the bigger picture of the Bend, Oregon, real estate market. November’s median sales price of $390,000 was 3.5 percent lower than October’s median of $404,250. A look

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Stone Creek: Like an east-side NorthWest Crossing

By almost any measure, NorthWest Crossing is among the most popular and successful neighborhoods in Bend. Homes are in high demand, the schools are well-regarded, and the community fits the city of Bend’s vision of multiuse neighborhoods. Taking shape on the other side of the city is a master-planned community that one might be tempted

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Millennials: Owning home can be part of wealth-building strategy

Nearly 10 years old, the implosion of the U.S. housing market created wounds that still bear scars. One of the byproducts from that period was a general decline in homeownership. Every age category below those 65 years old shows fewer people owning their homes. Those 35 and younger have long been the least likely to

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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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