Posts from January 2015
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15
Bend Oregon Ranks Among Top 10 Ski Towns for Real Estate Investing
Bend dropped 2 spots, but still ranks #9 among the top ski towns for real estate investing according to RealtyTrac analyst Daren Bloomquist. Starting with the top 221 ski resorts in the US according to ZRankings, the final analysis used by RealtyTrac included 7 criteria: distance to the nearest airport, unemployment, median home price, yearly price appreciation, rent yields, foreclosure rates, and that "pure awesomeness factor". Topping the list this year is the ski town of Huntsville Utah which had a median housing price of just $169,950 compared to Bend's median home price of $249,998.
1
NAR Chief Economist Projects Strong Home Sales in 2015
Chief Economist of the National Association of Realtors (NAR) Lawrence Yun is projecting about a 7 percent rise in home sales in 2015. As the primary reasons for this healthy expansion, Yun points to an improving economy, solid job growth, and rising home prices. Additionally, Yun predicts more first time homebuyers entering the market due to the creation of "new mortgage products" and overall housing confidence with home pricing having risen about 25% over the past three years. However, there are potential "speed bumps" as well, including anticipated rising interest rates and lenders being slow to ease underwriting standards.