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Central Oregon Market Report - July 20, 2022

Pick of the week! 3116-NE NE Marea Drive - Bend Exceptionally built Franklin Brothers home in the desirable Mirada subdivision. Close to parks, schools, hospitals, shopping, and new shopping centers. Luxury upgrades and a custom-built separate office in the xeriscaped backyard. The backyard has been completely redone and comes with a beautiful water feature + incredible mountain views that you will just need to experience.


This week I have been involved in many more back and forth negotiations while writing and recieving offers. It feels like a more normal market, where leverage is equally divided between Buyer and Seller and we can work on making it a win-win for both. Most commonly this involves Seller credits to buy down interest rates, which makes monthly payments more affordable or saves the Buyer some out of pocket costs at the closing table. A little give and take is what it's all about and it reflects a new, healthier market. Stay tuned for more updates as we continue to evolve on a weekly basis! -Greg

Mortgage Rate Updates


Should You Buy a Home with Inflation This High? While uncertainty with future economics isn’t comfortable, here’s why both inflation and mortgage rates are important for you and your homeownership plans. Full Article

Can You Use a 1031 Exchange Out-of-State? 1031 exchange strategies are a profitable and smart way for investors to earn capital and plan their estates. But what happens if you live in a large city and the market isn’t ideal or profitable?


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