April 2021

Found 30 blog entries for April 2021.

Should I Buy Now or Wait? [INFOGRAPHIC] | MyKCM

 

Some Highlights

  • If you’re thinking that waiting a year or two to purchase a home might mean you’ll save some money, think again.
  • Mortgage interest rates are currently very low, but experts across the board are forecasting increases in both home prices and interest rates.
  • Buying a home now means you’ll spend less in the long run. Let’s connect to put your homebuying plans in motion before home prices and mortgage rates climb even higher.
318 Views, 0 Comments

Is Home Price Appreciation Accelerating Again? | MyKCM

 

At the beginning of the year, industry forecasts called for home price appreciation to slow to about half of the double-digit increase we saw last year. The thinking was that inventory would increase from record-low levels and put an end to the bidding wars that have driven home prices up over the past twelve months. However, that increase in inventory has yet to materialize. The National Association of Realtors (NAR) reports that there are currently 410,000 fewer single-family homes available for sale than there were at this time last year.

This has forced those who made appreciation forecasts this past January to amend those projections. The Mortgage Bankers Association, Fannie Mae, Freddie Mac, the National Association of Realtors,

270 Views, 0 Comments

Patience Is the Key to Buying a Home This Year | MyKCM

 

The question many homebuyers are facing this year is, “Why is it so hard to find a house?” We’re in the ultimate sellers’ market, which means real estate is ultra-competitive for buyers right now. The National Association of Realtors (NAR) notes homes are getting an average of 4.8 offers per sale, and that number keeps rising. Why? It’s because there are so few houses for sale.

Low inventory in the Bend housing market isn’t new, but it’s becoming more challenging to navigate. Danielle Hale, Chief Economist at realtor.com, explains:

The housing market is still relatively under supplied, and buyers can’t buy what’s not for sale. Relative to what we saw in 2017 to 2019, March 2021 was still roughly 117,000 new listings lower, adding to

336 Views, 0 Comments

The "Unofficial" Hiking Route on Lower Whychus Creek

Alder Springs

We hiked to Alder Springs last year for the first time. This lovely canyon oasis, located on Whychus Creek near the confluence of the Deschutes River, has beautiful geological formations and stunning sights at every turn. The "official" and "unofficial" trails are closed December 1 through March 31, but during our recent hike April 24th, 2021, we saw fewer than 20 people the entire time and no one at all on our "unofficial" trail.  The unofficial trail starts at Whychus Creek Crossing, located inside the Crooked River National Grassland. The road to the crossing is rough, passable by standard car, but we would recommend a 4 wheel vehicle. There are several picnic tables at the crossing and no

315 Views, 0 Comments

Tried and true, this great brunch spot in town continues to deliver excellent customer service and great dishes with seasonal vegetables.

Every time we venture to The Victorian Café we comb through the menu -  should we get the breakfast burrito? Any of the benedicts? Maybe some pancakes? Not this time! The specials' menu, which is swapped out regularly, caught our fancy.

We decided on the Veggie Hall Hash because- why not? Loaded with seasonal veggies, added mushrooms, and topped with fried okra our taste buds were satisfied but it was the drizzle of chimichurri sauce that knocked our taste buds to next week! We’d highly recommend this dish to anyone headed to “The Vic” but make sure you get there soon...or this special may already be off the menu!

273 Views, 0 Comments

Will the Housing Market Maintain Its Momentum? | MyKCM

 

Last week’s Existing Home Sales Report from the National Association of Realtors (NAR) shows sales have dropped by 3.7% compared to the month before. This is the second consecutive month that sales have slumped. Some see this as evidence that the red-hot real estate market may be cooling. However, there could also be a simple explanation as to why existing home sales have slowed – there aren’t enough homes to buy. There are currently 410,000 fewer single-family homes available for sale than there were at this time last year.

Lawrence Yun, Chief Economist at NAR, explains in the report:

"The sales for March would have been measurably higher, had there been more inventory. Days-on-market are swift, multiple offers are prevalent, and

242 Views, 0 Comments

4 Tips to Maximize the Sale of Your House | MyKCM

 

Homeowners ready to make a move are definitely in a great position to sell today. Housing inventory is incredibly low, driving up buyer competition. This gives homeowners leverage to sell for the best possible terms, and it’s fueling a steady rise in home prices.

In such a hot market, houses are selling quickly. According to the National Association of Realtors (NAR), homes are typically on the market for just 18 short days. Despite the speed and opportunity for sellers, there are still steps you can take to prep your house to shine so you get the greatest possible return.

1. Make Buyers Feel at Home

One of the ways to make this happen is to take time to declutter. Pack away any personal items like pictures, awards, and sentimental

280 Views, 0 Comments

This Isn’t a Bubble. It’s Simply Lack of Supply. [INFOGRAPHIC] | MyKCM

 

Some Highlights

  • In a recent article, Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), discussed the state of today’s housing market.
  • When addressing whether or not today’s high buyer competition and rising home prices are evidence of a housing bubble, Yun said that this “is not a bubble. It is simply lack of supply.”
  • Today’s housing market is healthy, and rising prices are driven by real buyer demand. Let’s connect to talk about the best ways to navigate such an energetic market.
352 Views, 0 Comments

Don’t Be Fooled by Remarkable Real Estate Headlines | MyKCM

 

Don’t be impressed by the headlines reporting year-over-year housing numbers for the next several months (data covering March, April, May, and June). The data will most likely show eye-popping one-year increases.

While the year-over-year jumps will certainly be striking, consumers should take these numbers with a grain of salt, as the situation highlights a short-term quirk in the reporting of this data. Essentially, the increases will reflect a combination of two things: sharply lower housing numbers during last year’s virus-related market collapse and the subsequent strong rebound. This will result in what will appear to be unbelievable growth.

Let’s use single-family home sales as an example:Don’t Be Fooled by Remarkable Real Estate Headlines | MyKCMAs the graph reveals, last spring’s buying

114 Views, 0 Comments

Planning to Move? You Can Still Secure a Low Mortgage Rate on Your Next Home | MyKCM

This year, mortgage rates have started to slowly climb above recent record-breaking lows. Many homeowners planning to move may feel like they’ve missed the chance to score a great rate on their next mortgage. In reality, there’s still time to secure a rate far below the historic norm. Here’s why.

After creeping up for seven consecutive weeks, average mortgage rates have dropped more recently (See graph below). With rates taking a slight dip over the past two weeks at the same time the inventory of houses for sale is so low, homeowners today are sitting in the optimal seat to sell. What’s the advantage of selling your house now? Securing a low mortgage rate on your next home.Planning to Move? You Can Still Secure a Low Mortgage Rate on Your Next Home | MyKCMTo take advantage of today’s real estate market, experts are encouraging

307 Views, 0 Comments

© 2020 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than Bend Premier Real Estate are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed. Listing courtesy of Bend Premier Real Estate. Data last updated: July 30th, 2021 at 10:47am PDT.