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Central Oregon Market Report - April 27, 2022


New listing coming soon Completely remodeled and never lived in! This home is tucked away in a quite, old Bend neighborhood with great access to all parts of town. It is currently eligible as a short term rental, allowing for additional income opportunities. A property website will be added once the listing goes live. Give me a call for more info!

 

The topic of conversation amongst agents and lenders this week is all focused around rising interest rates. The Fed is acting aggressively to curb inflation and in turn mortgage interest rates are predicted to rise steadily over the next year. I wouldn't be surprised to see them reach 7% by years end! Buyers are in a predicament as they see their buying power wane and prices hold strong. Depending on your financial situation, it may be beneficial to stretch now and lock in a home before you get priced out of your desired areas. Buying a home allows you to stabilize what’s typically your biggest monthly expense (housing) and protects you from inflation. Check out the chart below to put prices into perspective and plan for a long term investment. I have noticed a few price drops this last week and an uptick in days on market, indicating that the things could be cooling off a bit. That being said, we are still in a strong Seller's market and this Spring should shape up for another strong season. For those considering selling, there has never been a better time to make it happen. -Greg


 

It’s Not Too Late to Join the Short-Term Rental Investing Game Short-term rental investing, otherwise known as Airbnb or VRBO hosting, has been one of the hottest strategies for real estate investors over the last several years—and with good reason. It has a lot to offer. Full Article


How Homeownership Can Help Shield You from Inflation If you’ve been thinking about purchasing a home this year, you’re probably wondering if you should continue down that path or if it makes more sense to wait. While the answer depends on your situation, here’s how homeownership can help you combat the rising costs that come with inflation. Full Article

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