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Central Oregon Market Report - JANUARY 25, 2022


Beautiful home in Timber Ridge 20336 Donkey Sled Rd Road - $745,000 Excellent neighborhood with beautiful landscaping. This property is an expansive .45 acres, but it feels like so much more because of its location on the 2nd fairway at Bend Golf & Country Club. 2-bed, 2-bath home. This 1,868 sq. ft. beauty has been updated throughout. The large bonus room would make a great third bedroom or keep it set up as a game room. Recently refinished kitchen cabinets, patio gas hookup for BBQ, and hot tub overlooking the golf course!


 

Existing inventory continues to climb as homes are filling in faster than buyer demand. Sellers can expect longer days on market than what we've become accustomed to over the last year, but I have noticed a few "hot" listings come and go quickly that were priced under market. This proves that there are still active buyers out there touring homes and looking for a purchase. No dramatic changes week over week, but buyers have started filling in and reengaging now that rates have come down a bit and the holidays have passed. The market should warm up a bit with the weather as we roll into Spring. - Greg

 

Mortgage Rates Update Based off a 5% down payment, 770 credit score and low debt-to-income

Why You Shouldn’t Fear Today’s Foreclosure Headlines There’s no doubt, the stories in the media can be pretty confusing right now. The reality is, the data shows a foreclosure crisis is not where the market is headed. Full Article



Homebuyer Confidence Increases — Is The Housing Market Rebounding? Fannie Mae's Home Purchase Sentiment Index increased by 3.7 points last month.While still low overall, it raises questions about the direction of home prices this year. Full Article



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