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Central Oregon Market Report - April 20, 2022


Sneak peak of an upcoming listing in Tillicum Village! Listing price of $820,000, .35acre, 2,773sq ft, 6 bedrooms, 3.5 bathrooms & office/den. Located at the end of a Cul-De-Sac and surrounded by green common area. Give me a call for more info!



 

Interest rates are rising (hitting 5% for Freddie) and prices have seemed to stretch as high as they should naturally be able to go, but the market continues to stay strong. It's hard to say for sure where we are headed, but I would guess that Central Oregon is a better bet than most areas for long term growth. The demand increase that I have seen over the last year or so has been very strong and Bend seems to be "on the map" for trending places to move to. As a whole, the Real Estate market is and always will be fueled by supply and demand. Until we see a re-balance of the market, prices will stay strong. Take a look at the map below to illustrate the supply and demand for our country as a whole and take a guess at where we are headed for this Summer's market ;) -Greg


 

How To Approach Rising Mortgage Rates as a Buyer If you’re thinking of buying a home, here are a few things to keep in mind so you can succeed even as mortgage rates rise. Full Article


Bend is a remote working capitol Yes, the rumors are true. Bend, Oregon leads the nation with 12.1% of its workforce telecommuting. That’s according to the latest census estimates and it gives Bend another accolade along with being one of the fastest growing cities in Oregon. Full Article


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