Listings scarce in Bend market’s pricing ‘sweet spot’

August has recently been a month of consolidation in the median sales price in the Bend, Oregon, real estate market. The eighth month of 2018 followed that trend, with the median sales price falling 1.5 percent from July. The median sales price in August was $430,500, after it registered at $437,000 in July. August’s figure

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Going, going … NorthWest Crossing homes in high demand

July was among the busiest months for real estate activity in NorthWest Crossing since the master planned community in Bend, Oregon, was developed. Sales statistics for July and prior months show that homes in this neighborhood remain in higher demand than in the overall Bend market. Nineteen homes in NorthWest Crossing were sold in July.

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Further increases in interest rates wouldn’t deter buyers, survey says

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

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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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ARM vs. fixed-rate loan: Which is right for you?

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

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Median sales price falls for second month in a row. What happened last time that occurred?

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

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What are a buyer’s options after receiving a home inspection report?

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

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Homeowner’s motto: Be prepared (to sell or buy a home)

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

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The Bungalows at NorthWest Crossing walkable, sustainable and beautiful

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

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