As we enter the month of love, the real estate market is heating up. Our days have been busy working with multiple homebuyers while preparing for our upcoming listings. With limited inventory, homebuyers are having to be decisive because houses that they like this week are typically not available next week.
This month we want to share with you thoughts from our CEO, Steve Studley, about the real estate market in our regions right now:
“As a company, we have seen a resurgence of multiple offers and crowded weekend open houses, indicating a shift from “Fear of Mortgage Interest” to “Fear of Missing Out” among potential buyers. With the Fed signaling a pause in rate hikes and a potential drop in Bank Rates, lower borrowing costs and improved affordability are anticipated, likely attracting more buyers. Therefore, although we cannot guarantee it, one should expect that we will see an increase in competition for limited inventory as the interest rate environment continues to improve.”
Mortgage lenders are now offering unique products to help buyers buy now and refinance later. Let me know if I can connect you with one of our trusted mortgage professionals.
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.
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Bend WinterFest 2024
Community Spotlight: Forestbrook at Caldera Springs in Sunriver
I have been showing homes in this community recently and have had the opportunity to learn about how they perform as Short Term Rentals. My family and I staycationed in Caldera Springs years ago and loved it. It is exciting to know more about Forestbrook which is located within Caldera Springs in Sunriver.
“Introducing Forestbrook, a distinctively new way to own a vacation home within Caldera Springs. The limited first release of Forestbrook features 3- & 4-bedroom floor plans – Larkspur and Aspen. Each is designed to embrace Northwest contemporary architecture and features an attached studio residence with a private bathroom, kitchenette and an outdoor patio that can be occupied with, or separately from the main home. Striking nature views abound from every home – from cascading streams and lakes to picturesque Ponderosa pines.” -Caldera Springs Website
Curious about short-term rental income on these brand new homes? Contact me and I can share some numbers!
Don’t forget that Valentine’s Day is Wednesday, February 14th!
Yours in Real Estate,
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