Posts with tag 'Terrebonne'
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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
10
Mortgage Rates Just Saw Their Biggest Drop in a Year
You've been waiting for what feels like forever for mortgage rates to finally budge. And last week, they did – in a big way.
On Friday, September 5th, the average 30-year fixed mortgage rate fell to the lowest level since October 2024. It was the biggest one-day decline in over a year.
What Sparked the Drop?
According to Mortgage News Daily, this was a reaction to the August jobs report, which came out weaker-than-expected for a second month in a row. That sent signals across the financial markets, and then mortgage rates came down as a result.
Basically, we're seeing signs the economy may be slowing down, and as certainty grows in the direction the economy is going, the markets are reacting to what is likely ahead. That historically brings mortgage rates down.
Why Buyers Should Pay Attention Now
But this isn't just about one...
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...
27
History Shows the Housing Market Always Recovers
Now that the market is slowing down, homeowners who haven't sold at the price they were hoping for are increasingly pulling their homes off the market. According to the latest data from Realtor.com, the number of homeowners taking their homes off the market is up 38% since the start of this year and 48% since the same time last June. For every 100 new listings in June, about 21 homes were taken off the market.
And if you've made that same choice, you're probably frustrated things didn't go the way you wanted. It's hard when you feel like the market isn't working with you. But while slowdowns can be painful in the moment, history tells us they don't last forever.
History Repeats Itself: Proof from the Past
This isn't the first time the housing market has experienced a slowdown. Here are some other notable times when home sales dropped significantly:
- 1980s: When mortga...
17
Mortgage Rates Are Stabilizing – How That Helps Today's Buyers
Over the past few years, affordability has been the biggest challenge for homebuyers. Between rapidly rising home prices and higher mortgage rates, many have felt stuck between a rock and a hard place.
But, something pretty encouraging is happening. While affordability is still tight, mortgage rates have shown signs of stabilizing in recent months. And that may finally make it a bit easier to plan your move.
Mortgage Rates Have Stabilized – For Now
Over the past year, mortgage rates have had their share of ups and downs, making it tough for buyers to know what to expect. But recently, rates have started to level out and have settled...
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