Anyone who has been in the market to purchase a home recently probably knows that interest rates on traditional 30-year mortgages have risen in the past year, from about 4 percent in July 2017 to 4.625-4.75 percent early this month. Results from a survey, however, indicate that even a rate increase to 5 percent is
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
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
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
After having your offer on a home accepted, a common next step is to have a home inspection. Rare is the home that will yield an inspection report that doesn’t call for attention to at least some non-trivial matters. A buyer has two primary ways to respond to an inspection report. One is to submit
The leaves have fallen from the trees. A light dusting of snow has covered the ground on a couple of recent mornings. Car windshields have to be scraped clear of frost and ice for the morning drive to work. Yes, we’re full-on into autumn and just days from Thanksgiving. This time of year is often
By Jason Boone In a lot of instances, a homeowner might not be able to control when he sells his house. A change in jobs, a development affecting a family member who resides in a different town or a sudden alteration in one’s lifestyle choice can result in the need to sell a home now. And
By Jason Boone The trend in real estate for years has been to build smaller, greener homes in walkable neighborhoods. In fact, in a recent Urban Land Institute survey a majority of Americans expressed a desire to live in compact and mixed-use communities and half of respondents listed walkability as among the key factors in
By Jason Boone Buying a home for the first time is an exciting part of life since you will finally be moving from years of renting and saving to owning your own home. During the home buying process one of the most important things you will pay for is the appraisal since it will help
By Jason Boone It’s officially the Holiday Season and over the coming weeks more people than ever before will be busy with family events, parties and getting ready for the end of the year. Although the coming days might be busy for you it’s still possible to buy a home during the holidays if you
1033 NW Newport Ave.
Bend, OR 97703