Posts from January 8th, 2023
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Bend Oregon Real Estate | 2022 Trends and 2023 Predictions
Bend Home Sales Significantly Down the End of 2022
When we study Bend real estate sales in 2022, we can state with confidence that the first six months were very different that the second half of the year. The first half of the year was a continuation of what was seen in 2021, with Bend single family home sales greatly impacted by lack of inventory and relatively low interest rates. It was an extremely strong sellers' market with multiple offers and contingency waivers a normal occurrence. However, the second half of the year was highly influenced by rising mortgage interest rates with these more than doubling in just a few months - something that had never happened before in the country's history. The high mortgage rates changed the buying power of potential Bend homebuyers, and the sales of