Bend Real Estate General Information

Found 23 blog entries about Bend Real Estate General Information.

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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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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Don’t Let Frightening Headlines Scare You

Don’t Let Frightening Headlines Scare You | MyKCM

There’s a lot of anxiety right now regarding the coronavirus pandemic. The health situation must be addressed quickly, and many are concerned about the impact on the economy as well.

Amidst all this anxiety, anyone with a megaphone – from the mainstream media to a lone blogger – has realized that bad news sells. Unfortunately, we will continue to see a rash of horrifying headlines over the next few months. Let’s make sure we aren’t paralyzed by a headline before we get the full story.

When it comes to the health issue, you should look to the Centers for Disease Control and Prevention (CDC) or the World Health Organization (WHO) for the most reliable information.

Finding reliable resources with

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Bend Oregon Home Sellers Have OptionsMatterport Dollhouse

In this never before seen world with the coronavirus pandemic changing how we live our lives, having options on how buyers can tour a home is invaluable. At Bend Premier Real Estate, we invested as a brokerage in Matterport 3D two years ago. We currently own two cameras complete with all the set ups required and have two videographers trained to film these tours. 

For our sellers, the benefit of having buyers virtually walking through their home enables us to screen through buyers for whom the house may not work - all without physically being there. For buyers, the opportunity to view the home in 3D can help them determine if that property makes their top list and eliminates time and work in viewing homes which

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Will Coronavirus Change the Central Oregon Real Estate Market?

With the outbreak of the coronavirus worldwide, which has sickened thousands and created panic and uncertainty in our stock market, we are left to question if the effects will extend to the US real estate market, and more specifically to our local Central Oregon real estate market.

Coronavirus Pushes Down Interest Rates

Coronavirus Impacting Stock Market

Mortgage Interest Rates have already fallen to new record lows (3.29% as of March 5th) as investors are taking money out of the volatile stock market and putting it into safer US Treasury Bonds. Historically, when bonds are strong, mortgage rates go down.

Although record low rates are bound to get some home buyers off the fence to take advantage of their greater

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Central Oregon Cities Show Varied Growth

Bend Premier Real EstateOut of area buyers often think of Bend exclusively when they consider moving to Central Oregon. However, Central Oregon has several towns and small cities, all with their own urban "vibe" and lifestyle.  Bend is by far the largest town with its population now pushing 100,000. However, Redmond has been a great neighbor to Bend with home prices considerably less than the larger city to the south. 

Besides Bend and Redmond, Sisters offers both a closer location to the western half of the state plus a more intimate small town feeling, permeated by seasonal tourist traffic from nearby Black Butte Resort and such renowned festivals as the Sisters Quilt Show and the annual rodeo.

Prineville, Central Oregon's

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This content last updated on April 9th, 2020 at 4:29pm PDT. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.

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