Real Estate Around the World

Found 8 blog entries about Real Estate Around the World.

 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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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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Bend Commercial Real Estate Impacted by Lack of Inventory

Historically, our local commercial real estate market trends above the national averages. Our Central Oregon area commands very aggressive CAP rates due to supply and demand; when you put a magnifying glass to our market, we have very little Industrial property For Sale/For Lease and it would appear that the Urban Growth Boundary expansion recently passed will not solve this immediate problem. Our local market in most cases this year has positive absorption rates for office and retail as well. Commercial Market Conditions

What’s Up on the National Front?

Our local commercial real estate market trends about a year behind what we experience in the residential market. This is consistently true and while residential

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Most expensive home in the worldIt’s all the talk in Mumbai, but perhaps you haven’t yet heard about this amazing home with a construction cost of nearly 1 billion dollars.  Built for billionaire Mukesh Ambani, this 400,000 square foot “monster house” is 570 feet tall and includes 27 inhabitable floors including 6 floors of parking for 168 vehicles. Some of the more fun features of this amazing home include an ice room capable of creating snow flurries, a ballroom where 80 percent of the ceiling is covered with crystal chandeliers, a 50-seat home theater, 3 floors of hanging plants, 3 helipads, and its own air traffic control system. And to ensure the stability of this massive structure, the home is engineered to withstand an 8.0 richter scale earthquake. And in case you’re wondering

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St. Joseph home sales in Bend OregonOne of the hot selling items on Amazon.com right now is the St. Joseph Home Seller Statue Kit.  According to tradition that sellers say goes back thousands of years, burying the statue in the yard of your home and saying a prayer to St. Joseph will always bring a quick offer on your home for sale.  But it is important that you bury the statue in the right spot, lest you accidently help your neighbor sell their home quickly, and upside down so St. Joseph will work “extra hard to get out of the ground, and into a safe comfortable home.”  Reviews on Amazon.com where this kit is often sold include comments such as “I put this in my front yard and the next day we had an offer on our house,” and “My house sold in 2 1/2 hours and had 3 other offers, sight unseen

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