Posts with tag 'multiple offer'
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15
What a Fed Rate Cut Could Mean for Mortgage Rates
The Federal Reserve (the Fed) meets this week, and expectations are high that they'll cut the Federal Funds Rate. But does that mean mortgage rates will drop? Let's clear up the confusion.
The Fed Doesn't Directly Set Mortgage Rates
Right now, all eyes are on the Fed. Most economists expect they'll cut the Federal Funds Rate at their mid-September meeting to try to head off a potential recession.
According to the CME FedWatch Tool, markets are already betting on it. There's virtually a 100% chance of a September cut. And based on what we know now, there's about a 92% chance it'll be a small cut (25 basis points) and an 8% chance it will be a bigger cut (50 basis points):
11
Patience Won't Sell Your House. Pricing Will.
Waiting for the perfect buyer to fall in love with your house? In today's market, that's usually not what's holding things up. And here's why.
Let's be real. Homes are taking a week longer to sell than they did a year ago. According to Realtor.com:
"Homes are also taking longer to sell. The typical home spent 60 days on the market in August, seven days longer than last year and now above pre-pandemic norms for the second consecutive month. This was the 17th straight month of year-over-year increases in time on market."
Part of that is because there are more homes on the market. So, with more options for buyers to choose from, they aren't getting snatched up quite as fast. But there's another big reason: price.
The Average List Price Isn't Going Up – and That Matters
10
Bend Premier Real Estate | September 2025 Newsletter
What's in the September 2025 Bend Premier Newsletter?
- It's a Mixed Market for Bend Home Sales
- Butternut Squash Soup
- Why September is the Best Month to Paint Your Home's Exterior
- Jefferson Park Has Had 2 Fires in 8 Years
- What You Need to Know About Concessions
8
Why 50% of Homes Are Selling for Under Asking and How To Avoid It
If your selling strategy still assumes you'll get multiple offers over asking, it's officially time for a reset. That frenzied seller's market is behind us. And here are the numbers to prove it.
From Frenzy to "Normal"
Right now, about 50% of homes on the market are selling for less than their asking price, according to the latest data from Cotality.
But that isn't necessarily bad news, even if it feels like it. Here's why. The wild run-up over the last few years was never going to be sustainable. The housing market needed a reset, and data shows that's exactly what's happening right now.
The graph below uses data from Zillow to sh...
7
Bend Oregon Real Estate | 2024 Trends and 2025 Predictions
More Bend Home Inventory and Moderate Price Increases Were the Norm for 2024 Sales
2024 Bend home sales experienced modest price increases for the year, but Bend home buyers were fortunate to have more options. Sellers who had hesitated putting their property on the market during Covid and following when mortgage interest rates were close to 8% finally had more inclination to do so when mortgage rates dropped to the mid 6% range during the summer of 2024. Delayed moves which were offset by high mortgage rates for a subsequent purchase finally made sense when rates dropped. Although there was an increase in home prices and sales for Bend single family homes, it was modest. With more in...
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