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Central Oregon Market Report - August 24, 2022



Pick of the week 3466 NW Bryce Canyon Lane - Bend This beautiful Custom Home in Awbrey Park is nestled on a very private lot with mature landscaping. On the main level you will find a very open floor plan including, an expansive kitchen, great room with a massive rock fire place, office , powder bath, and laundry room. Upstairs has two large flex spaces, a large vaulted primary bedroom with a private balcony and fire place. The other two guest bedrooms have lots of natural light, and wooden french closet doors.


 

Buyers are starting to ease their way back into the market but in a wary way. Interest rates took another bump up, so those looking to make a purchase right now are typically looking for a deal or terms that can keep their payment in a comfortable price range. Luckily it's become much easier to do so as the market has shifted. Sellers are becoming more realistic with their pricing and seem open to working through negotiations to find a win-win. Things are balancing out slowly and only time will tell when we hit our stride for a healthy market, but it feels like we are definitely getting there! - Greg



 

Mortgage Rate Updates



Here Are Today’s Mortgage Rates, August 23, 2022 | Rates Jump Let’s take a look at current mortgage rates, where rates have been in the past, and what it all means for the borrower. Full Article


‘Stunning’: Deschutes County’s population grows by nearly 29% since 2010, double that of Portland area By metro area, population growth was fastest in Bend-Redmond Full Article

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