What's in the January, 2024 Bend Premier Real Estate Newsletter?

• Bend Home Sales Were Limited in 2024
• Bang Bang Cauliflower
• January Home Maintenance and Safety Checklist
• Chasing Frozen Waterfalls in Central Oregon
• Achieving Your Homebuying Dreams in2024

Bend Real Estate Sales Were Limited in 2024

Probably the biggest challenge for Bend Home Sales in 2024 was mortgage interest rates. Mortgage rates started the year at 6.48% and ended the year at 6.62%. During the middle of the year, the mortgage rates rose to 7.79% which greatly limited the buying power for most Bend homebuyers who needed to finance in order to purchase. Home sales in Bend continued, but at a greatly reduced rate than experienced during Covid when mortgage rates under 4% were normal.

High mortgage rates also kept many Bend home sellers from listing. The thought for many was why sell and give up a great mortgage rate of less than 4% to exchange to one over 7% on a different home? Many Central Oregon real estate brokers discovered that many listings were limited to just those who had to sell for a job tra...

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Mt Bachelor Village is One of Bend's Oldest Resort Communities

Envisioned in the early 1970's by Brooks Resources as a resort community to house vacationers wishing to ski at nearby Bachelor Butte (now known as Mt. Bachelor), the successful condominium development of Mt Bachelor Village has grown beyond the 1/5th fractional ownership initially offered to now provide for fully owned units, townhomes and single-family homes with a variety of amenities and views. Its location, within Bend's city limits but just off the road to Mt. Bachelor and the high Cascade Lakes, Mt Bachelor Village has offered full time homes, investment opportunities, and vacation homes to owners and renters alike for well over forty years. It continues to be a venue for retreats, weddings, gatherings and conferences. 

Due to its variety of offerings - everything from 1/5 interest condominiums to luxury single-family homes overlooking the Deschutes River, Mt Bachelor Village has a unique sales...

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When you read about the Bend housing market, you'll probably come across some information about inflation or recent decisions made by the Federal Reserve (the Fed). But how do those two things impact potential Bend homebuyers? 

The Federal Funds Rate Hikes Have Stalled

One of the Fed's primary goals is to lower inflation. In order to do that, they started raising the Federal Funds Rate to slow down the economy. Even though this doesn't directly dictate what happens with mortgage rates, it does have an impact.

Recently inflation has started to cool, a signal those incr...

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What's in the December, 2023 Bend Premier Newsletter?

• Bend Home Sales Slow
• 5-Ingredient Peppermint Bark
• 7 Simple Steps to Prepare Your Home for Christmas
• Hike Paulina Falls at Newberry Crater Fall 2023
• 3 Reasons to Sell Your House Before the New Year