101 articles found with the search of "mortgage rate"

Buyer Activity Picks Up as New Listings Fall Sharply

November brought a shift in the Bend real estate market: strong buyer interest paired with a significant drop in new listings. Pending sales saw a sizable jump from one year ago, even though closed sales held flat and overall pricing trended slightly lower. With fewer homes hitting the market, buyers had to act quickly on the most desirable properties, while sellers benefited from motivated purchasers—even if final sale prices continued to come in below original asking.

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Who Hit the Pause Button?

Winter has arrived in Bend, and with it, the market slowdown we expect every year. The difference this December is subtle but important: the pace has eased, yet the underlying fundamentals remain surprisingly resilient. Whether you're gearing up to buy in early 2026 or preparing your home for a spring listing, here's what you need to know about the latest market trends.

New Listings: A Seasonal Retreat

New listings slid again this month — roughly 20% fewer year-over-year. Not surprising for December.

Bend homeowners tend to wait out the holiday season, choosing to list once we hit clearer skies, longer days, and stronger buyer activity. Sellers are preparing for the traditional early-year surge, and many are waiting for the right moment to re-enter the market.

How long will they wait?

Typically just a few more weeks. January and February bring a substantial inventory rebound.

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Whether it's at a family gathering, your company party, or catching up with friends over the holidays, the housing market always finds its way into the conversation.

Here are the top three questions on a lot of people's minds this season, and straightforward answers to help you feel more confident about the market.

1. "Will I even be able to find a home if I want to move?"

Yes, more than you could a year or two ago.

The number of homes for sale has been rising over the past few years. According to data from Realtor.com, there have been more than one million homes on the market for six straight months, something that hasn't happened since 2019 (see graph below):

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If you stepped back from your home search over the past few years, you're not alone – and you're definitely not out of options. In fact, now might be the ideal time to take another look. With more homes to choose from, prices leveling off in many areas, and mortgage rates easing, today's market is offering something you haven't had in a while: options.

Experts agree, buyers are in a better spot right now than they've been in quite a long time. Here's what they have to say.

Affordability Is Finally Improving 

Lisa Sturtevant, Chief Economist at Bright MLS, says affordability is finally starting to turn the corner:

"Slower price growth coupled with a slight drop in mortgage rates will improve affordability and create a window for some buyers to get into the market."

Mortgage rates have e...

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If you paused your plans to move because of high rates or prices, it may finally be time to take a second look at your numbers. Affordability is improving in 39 of the top 50 markets, according to First American. And that's the 5th straight month where buying a home has started to get a little bit easier.

Let's break this down into real dollars, so you can see the difference this could make for you (and your move).

Monthly Payments Are Coming Down

One of the clearest signs of this shift is in monthly payments. The latest data from Redfin shows mortgage payments on a median-priced home are now $283 lower than they were just a few months ago (see graph below):

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