We are starting to see a turn in our local Bend market. I anticipate seeing a downward trend in inflation and mortgage rates. By all indications, buyers are starting to adjust to a higher interest rate environment. Over the past several weeks we’ve seen our market transition into a good buyer demand stage due to the recent decline in mortgage rates (currently averaging 6.09%).
As we enter the Spring months and mortgage rates continue to trend in the same direction we should expect to see a stronger buyer demand. What does this mean? We need more listings.
I am here to help when you or someone you know is ready to talk about buying or selling real estate in Central Oregon. The highest compliment I can receive is when someone I know refers a client to me.
For much of the past two-and-a-half years, it has been a housing market free-for-all, with bidding wars, multiple offers over list price and homes purchased sight unseen. But all of that is changing as the housing market is set to correct in 2023. Note that the forecast is for a housing market “correction,” not a housing market “collapse.” Housing market hyperbole should not mask favorable fundamentals that will support a resistant housing market. National data does not reflect the range of housing market conditions across the country. To read the full article, click here.
| Happy February, the month of love! This month we highlight 3 wonderful local jewelry stores. If you are looking for a gift for your Valentine or a gift for yourself, you can find something gorgeous and within every price point at these fabulous shops. Mark’s Pick: Nashelle 20360 Empire Ave #C2 Bend, OR 97703 Mention “Bend Homes Now” and receive 20% off your entire purchase through the month of February. Why it’s great: Founded in 1999 in Bend, Oregon, Nashelle has grown from a small one-woman shop to a national brand. Mark loves it because he can take his girls in to pick out a beautiful piece of jewelry that he knows Brooke will love. Brooke’s Pick: Pave Fine Jewelry 101 NW Minnesota Ave Bend, OR 97703 Mention Brooke’s name and receive 20% off select products through the month of February. Why it’s great: Pavé Fine Jewelry is locally owned and operated with a full service on-site repair shop. They opened our doors in August of 2003 and have remained in the same corner location ever since. Over the years they have collected a number of attractive jewelry lines that appeal to traditional and bold jewelry lovers alike. Kate’s Pick: Saxon’s Fine Jewelers 360 SW Powerhouse Dr #110 Bend, OR 97702 Use online code “Kate” at checkout and receive 15% off of most merchandise (some exclusions apply). Shop in-store for John Hardy, Armenta or William Henry and get 20% off the first piece, 25% off a second and 30% off a third! Why it’s great: Saxon’s has been serving Central Oregon for over 40 years. Their gorgeous store in the Old Mill District is a must visit for any one who appreciates fine jewelry. Saxon’s is family owned and operated and they proudly support many local non-profit organizations and events. |
