Posts from December 2024
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12
The Top 2 Reasons To Look at Newly Built Homes
When planning a move, a newly built home might not be the first thing that comes to mind. But with more brand-new homes on the market and builders focusing on smaller, more affordable options, this type of home may just be the key to crossing the homebuying finish line.
Here's why a new build is worth considering – and how a Bend Premier Real Estate Broker can help you find one that meets your needs and your budget.
1. More Newly Built Homes Are Available Right Now
First, let's break dow...
10
What Will It Take for Bend Home Prices To Come Down?
You may be wondering if home prices are going to crash. And believe it or not, some people might even be hoping this happens so they can finally purchase a more affordable home. But experts agree that's not what's in the cards – and here's why.
There are more people who want to buy a home than there are homes available to purchase. That's what drives prices up.
Let's break that down and explore why, nationally, home prices aren't going to be coming down anytime soon.
Prices Depend on Supply and Demand
The housing market...
6
Bend Premier Real Estate | December 2024 Newsletter
What's in the December 2024 Bend Premier Newsletter?
- More Inventory Means More Choices for Bend Homebuyers
- Eggnog Pie
- The Dos and Don'ts for Holiday Decorating When Selling
- Hike to Paulina Falls in Winter for a Truly Unique Experience
- Ready to Sell in 2025
6
Bend Oregon Real Estate | November 2024 Trends
More Inventory Means More Choices for Bend Home Buyers
There are more homes on the market for potential Bend home buyers to choose from than there were at the same time last year. With more inventory, there has been more motivation for sellers to negotiate price and terms with buyers. This in turn has resulted in homes selling for less than asking price, often after price reductions, in order to generate offers. While the overall sales price is up slightly over the same time last year, the months of supply is up over 11%.
When the data from November 2024 for Bend single family home sales on less than an acre is compared with those from November 2023, the following changes can be seen:
- Average sales price up 4.1% to $888,821
- Median sales price up 2.6% to $711,875
4
When Will Mortgage Rates Come Down?
One of the biggest questions on everyone's minds right now is: when will mortgage rates come down? After several years of rising rates and a lot of bouncing around in 2024, we're all eager for some relief.
While no one can project where rates will go with complete accuracy or the exact timing, experts offer some insight into what we might see going into next year. Here's what the latest forecasts show.
Mortgage Rates Are Expected To Ease and Stabilize in 2025
After a lot of volatility and uncertainty, the most updated forecasts suggest
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