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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Could a negative interest rate policy affect Bend’s housing market?

By Jason Boone Negative interest rates have been a hot topic of late among those who follow fiscal policy. (And really, who doesn’t?) This is not without reason. Europe had already delved into negative interest policy when the Bank of Japan decided in January to follow suit. After that, you knew it would not take

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Annual Market Report puts strong Bend real estate market into context

By Jason Boone Last year felt momentous in the Bend real estate market. Sales were brisk for the majority of 2015, and with all the development around town, there was a certain palpable energy. But where 2015 actually fit in the greater context of previous years is another matter. The Skjersaa Group has compiled its

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January another strong month for Bend real estate

By Jason Boone So much for freezing the Bend real estate market this winter. In fact, the local market pretty much started 2016 in the same way it ended 2015: with a record-breaking month. According to data recently compiled by the Skjersaa Group, 155 homes were sold through January. That might not sound like much,

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Amid flurry of news, mortgage rates likely to remain low

By Jason Boone The Federal Reserve’s plan for its federal funds rate has been making plenty of news as of late. The Federal Reserve’s Open Market Committee decided last week to keep the range for the federal funds rate — the rate at which banks charge other banks on overnight loans — steady at between

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Buying a home in Bend a bit different

By Jason Boone As just about any longtime resident will tell you, living in Bend can seem like a dream. We are lucky to live in a beautiful place that puts just about any adventure sport within minutes of any Bend front door. It’s a wonder the area managed to stay a secret for so

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The benefits of a respected full-service agency immense

By Jason Boone During the heady days of the real estate boom, it was not uncommon for home sellers to enlist the help of discount real estate brokers. Back then sellers had all the leverage amid the frenzy, tempting many to look for ways to save on commission. Then the real estate market began to

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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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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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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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