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Central Oregon Market Report - June 8, 2022




COMING SOON! 3750 NW Arrowhead Lane - Redmond Looking for a property with fix up/ add value potential and room to stretch out? Country living close to town. This home has endless potential and room for expansion if you desire. Nicely maintained single story home in a wonderful rural setting on 2.37 acres with plenty of room for planting a garden, RV parking, and all your Central Oregon toys. Not yet active on market, so reach out to me direct for more information or to set up a tour!


 

June is National Homeownership Month! I'd like to take this opportunity to speak directly to those that are on the fence about making a purchase or who's plans have been derailed by this chaotic market over the past two years. At the end of the day, owning your own home is more than just an accomplishment, it is a huge step towards building financial security. According to the latest data from NAR, the median household net worth of a homeowner is roughly $300,000, while the median net worth of renters is only about $8,000. That's nearly 40 times the net worth of a non-owner! As one of my favorite Real Estate Investors, Scott McGillivray likes to say, "The game of Real Estate is not about timing the market, it is about time in the market!" Take a step in the right direction for yourself, your family and your future. As always, I'm here to help and discuss your options. -Greg

 

What Are the Best Options for Today’s First-Time Homebuyers? If you’re looking to buy your first home, you’re likely balancing several factors. Because both mortgage rates and home prices have risen this year, it costs more to buy a home than it did even just a few months ago. But that doesn’t mean you have to put your plans on hold. Full Article

2022 Summer Housing Market Predictions from BankRate Curious how the real estate market will shake out this summer? Eager to learn if and how rates, buyer traffic and housing inventory will change before fall? We’ve asked several experts for their summer housing market predictions. Full Article


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