January 2021

Found 29 blog entries for January 2021.

Feeling the lockdown blues? Getting that wanderlust itch? Us too. Recently my co-worker and I have discussed and fantasized about spending a long weekend in Mexico eating tacos and drinking cerveza on a warm and sunny beach. Obviously that trip wont be happening, at least for us, for some time. After that conversation, we got a craving for authentic street tacos. For months now we’ve been reading rave reviews about the Sopa food truck located at River’s Place Tap house--so naturally we had to see if this place would satisfy our craving. 

This family owned food truck offers innovative, modern Mexican cuisine with a few classics. The classics are what we came for but the innovation is what blew us away!

You know you’re in the right spot when the

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Tara Cardot and Wally Drake Join Bend Premier Real Estate

Tara Cardot & Wally Drake

Bend Premier Real Estate is pleased to announce that Tara Cardot and Wally Drake have both joined the brokerage as brokers.

Tara Cardot comes to Bend Premier Real Estate with over 7 years of experience in helping families buy and sell their home, beginning her career in Charlotte, NC. Tara's husband, who is also a Broker, is a Bend Native. They spent a decade traveling to and from Bend before calling it their permanent home in 2016. Drawn to the beautiful scenery, and endless outdoor activity Tara loves helping others make it their permanent home as well.

Wally Drake has been a real estate broker for over 30 years and have sold well over a thousand homes. Throughout that time, his

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Is Right Now the Right Time to Sell? [INFOGRAPHIC] | MyKCM

 

Some Highlights

  • If you’re on the fence about selling your house, now is a great time to take advantage of sky-high demand, low supply, and fierce buyer competition.
  • With buyer demand rising and historically low inventory for sale, if you’re in a position to move, your house may really stand out from the crowd.
  • Let’s connect today to get your listing process underway.
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Lack of Inventory Impacting Bend Luxury Home Sales

Bend Luxury Homes

2020 was a year that will be remembered in the history books. In January and February 2020, real estate sales were great across the country with low interest rates leading the way enabling buyers to afford more than they could in the past. Low inventory levels were making sellers realize that listing in the winter could be a good decision and Bend Oregon real estate sales were breaking records.  Then the Covid-19 pandemic hit and the subsequent recession and work-from-home orders made many believe Central Oregon real estate sales would drastically drop. However, after the initial shock, Bend home sales came roaring back when the pandemic made people realize that if they were to work from home, home

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What Record-Low Housing Inventory Means for You | MyKCM

The real estate market is expected to do very well in 2021, with mortgage rates that are hovering at historic lows and forecasted by experts to remain favorable throughout the year. One challenge to the housing industry, however, is the lack of homes available for sale today. Last week, the National Association of Realtors (NAR) released their Existing Home Sales Report, which shows that the inventory of homes for sale is currently at an all-time low. The report explains:

“Total housing inventory at the end of December totaled 1.07 million units, down 16.4% from November and down 23% from one year ago (1.39 million). Unsold inventory sits at an all-time low 1.9-month supply at the current sales pace, down from 2.3 months in November and down

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What Happens When Homeowners Leave Their Forbearance Plans? | MyKCM

 

According to the latest report from Black Knight, Inc., a well-respected provider of data and analytics for mortgage companies, 6.48 million households have entered a forbearance plan as a result of financial concerns brought on by the COVID-19 pandemic. Here’s where these homeowners stand right now:

  • 2,543,000 (39%) are current on their payments and have left the program
  • 625,000 (9%) have paid off their mortgages
  • 434,000 (7%) have negotiated a repayment plan and have left the program
  • 2,254,000 (35%) have extended their original forbearance plan
  • 512,000 (8%) are still in their original forbearance plan
  • 116,000 (2%) have left the program and are still behind on payments

This shows that of the almost 3.72 million

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What’s the Difference between an Appraisal and a Home Inspection? | MyKCM

 

If you’re planning to buy a home, an appraisal is an important step in the process. It’s a professional evaluation of the market value of the home you’d like to buy. In most cases, an appraisal is ordered by the lender to confirm or verify the value of the home prior to lending a buyer money for the purchase. It’s also a different step in the process from a home inspection, which assesses the condition of the home before you finalize the transaction. Here’s the breakdown of each one and why they’re both important when buying a home.

Home Appraisal

The National Association of Realtors (NAR) explains:

“A home purchase is typically the largest investment someone will make. Protect yourself by getting your investment appraised! An

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Why Moving May Be Just the Boost You Need | MyKCM

 

As we look back over the past year, we’ve certainly lived through one of the most stressful periods in recent history. After spending so much more time at home throughout the health crisis, some are wondering if they should move to improve their mental health and well-being. This is no surprise since the U.S. Census Bureau reported an increase in the percentage of adults with symptoms of anxiety and depression in a recent Household Pulse Survey.

There’s logic behind the idea that making a move could improve someone’s quality of life. When people change their scenery, they often feel happier. Catherine Hartley, an Assistant Professor at New York University’s Department of Psychology and co-author of a study on how new experiences impact

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Financial Fundamentals for Homebuyers [INFOGRAPHIC] | MyKCM

 

Some Highlights

  • When you’re thinking about buying a home, there are a few key steps to take before you even start to look at houses.
  • From saving for your down payment to getting pre-approved for a mortgage, you’ll want to make sure you keep your financial plan on track from the beginning.
  • Let’s connect today to make sure you have an introduction to a trusted lender and the best possible real estate guidance as you begin your homebuying process.
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What Experts Are Saying about the 2021 Job Market | MyKCM

 

Earlier this month, the Bureau of Labor Statistics (BLS) released their most recent Jobs Report. The report revealed that the economy lost 140,000 jobs in December. That’s a devastating number and dramatically impacts those households that lost a source of income. However, we need to give it some context. Greg Ip, Chief Economics Commentator at the Wall Street Journal (WSJ), explains:

“The economy is probably not slipping back into recession. The drop was induced by new restrictions on activity as the pandemic raged out of control. Leisure and hospitality, which includes restaurants, hotels, and amusement parks, tumbled 498,000.”

In the same report, Michael Pearce, Senior U.S. Economist of Capital Economics, agreed:

“The

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