All Blog Entries by Bend Premier Real Estate

Found 213 blog entries published by Bend Premier Real Estate.

Central Oregon Real Estate Sales Feeling Impact of Covid-19 Pandemic

Bend Premier Real Estate

The March 2020 real estate trends have been published and they reflect both the start of the Covid-19 pandemic and the closings from strong February home sales. Central Oregon schools shut down Friday, March 13th and stay at home became the norm the following week.  Since the start of the pandemic, home sales have dropped, new listings have slowed, and more sale fails than normal have occurred, often due to buyers losing jobs and no longer qualifying for loans.  However, Central Oregon real estate sales are still happening, although at a different rate than normal for this time of year.

Bend Home Sales Mixed

When March of 2020 is compared with March of 2019 for the sales of

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Great To Go Food in Bend Oregon

If you are anything like us, we have been very sad about not being able to go out to our favorite restaurants during this quarantine. However, this just means we have been changing our focus from dine-in opportunities to the best "To Go" locations in Band! Last week we had the opportunity to try Cody's Catering and for anyone looking for a lot of great BBQ at a fantastic price, this is a must try!

Currently through the end of April, Cody's is offering a special where you can buy one dinner for 4 hot and get a second "easy to heat up" dinner for 4 for half price! For a total of $46 we got enough food for about 4 meals for the two of us. Well of course this was exactly the kind of To Go bargain we were hunting for and

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Central Oregon Appraisers are Very Busy

AppraisalsBend Premier Real Estate is fortunate to have Erik Chapin, one of our Premier Brokers who is also a  licensed appraiser, as an expert on the appraisal business in Central Oregon. According to Erik, Covid-19 has had a dramatic impact on appraisals locally.

Erik typically operates with a lead time of 4 weeks to complete an appraisal.  At this time in 2019, he averaged twelve appraisals a month.  Last week over a three day period, he received ten appraisals on top of fifteen he already had. He is working six to seven days a week and is having a hard time keeping up. There are a number of reasons why there is such a backlog:

Why Are Central Oregon Appraisals Backlogged?

1) Low interest rates have encouraged

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Will Surging Unemployment Crush Home Sales?

Will Surging Unemployment Crush Home Sales? | MyKCM

Ten million Americans lost their jobs over the last two weeks. The next announced unemployment rate on May 8th is expected to be in the double digits. Because the health crisis brought the economy to a screeching halt, many are feeling a personal financial crisis. James Bullard, President of the Federal Reserve Bank of St. Louis, explained that the government is trying to find ways to assist those who have lost their jobs and the companies which were forced to close (think: your neighborhood restaurant). In a recent interview he said:

“This is a planned, organized partial shutdown of the U.S. economy in the second quarter. The overall goal is to keep everyone, households and businesses, whole.”

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Steins Pillar Trail Little Traveled Early April 2020

Steins Pillar TrailWe have focused most of our hikes in the Cascades during our time living in Central Oregon.  However, the Ochocos, east of Prinveille, offer wonderful, less traveled hikes with beautiful vistas and interesting geology.

We traveled an hour out of Bend to find the Steins Pillar trailhead, traveling at the end first on a gravel road for several miles and then a single lane dirt road the last two miles.  When we arrived at 10:00 am, there was no one else there and we enjoyed our two mile hike into the Steins Pillar without seeing any other people. The hike had a few icy sections and patches of snow were still evident on more shaded areas, but the end of the hike being able to see Steins Pillar was

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Looking to the Future: What the Experts Are Saying

Looking to the Future: What the Experts Are Saying | MyKCM

As our lives, our businesses, and the world we live in change day by day, we’re all left wondering how long this will last. How long will we feel the effects of the coronavirus? How deep will the impact go? The human toll may forever change families, but the economic impact will rebound with a cycle of downturn followed by economic expansion like we’ve seen play out in the U.S. economy many times over.

Here’s a look at what leading experts and current research indicate about the economic impact we’ll likely see as a result of the coronavirus. It starts with a forecast of U.S. Gross Domestic Product (GDP).

According to Investopedia:

“Gross Domestic Product (GDP) is the total monetary or

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 The Economic Impact of Buying a Home | MyKCM

 

We’re in a changing real estate market, and life, in general, is changing too – from how we grocery shop and meal prep to the ways we can interact with our friends and neighbors. Even practices for engaging with agents, lenders, and all of the players involved in a real estate transaction are changing to a virtual format. What isn’t changing, however, is one key thing that can drive the local economy: buying a home.

We’re all being impacted in different ways by the effects of the coronavirus. If you’re in a position to buy a home today, know that you’re a major economic force in your neighborhood. And while we all wait patiently for the current pandemic to pass, there are a lot of things you can do in the meantime to keep your home search

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Covid 19 Concerns Are Real

Concerns over the spread of Covid 19 have quickly changed how we conduct real estate sales in Central Oregon over the past few weeks. Shelter in place, social distancing, travel constraints, economic concerns, social changes, and just an overall fear of catching the coronavirus has really impacted human behavior. As a result, we are seeing two distinctly different groups here at Bend Premier Real Estate when it comes to real estate transactions. 

Get me out!

The first group was the first to emerge as soon as the panic set in. With predictions of massive layoffs and record unemployment, we started to hear concerns of potential job loses and uncertainty which resulted in people needing to pull out of existing deals.

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Peter Skene Ogden Trail Provides Waterfalls and Privacy

Paulina Creek WaterfallThree weeks into the coronavirus pandemic in the United States and one week into the shut down of Oregon's State Parks, we have been searching for options where we can enjoy a hike with plenty of space to keep six feet away from others which is now the norm. Yesterday we traveled 23 miles south of Bend and took the road toward Paulina National Monument, turning off on the dirt road to McKay Crossing.  The campground at the crossing was closed, but the Peter Skene Ogden Trail was open and we hiked roughly 3.5 miles up the trail until snow accumulation kept us from going further.

We have hiked this trail before, going all 7 miles up to Paulina Falls at Paulina Lake in the Newberry Crater. 

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