You may have noticed real estate market conditions are stabilising as we head into the new school year. The median home price dropped to $431,000 in August from its 2018 high of $449,000 in June. Homes are on the market an average of 73 days and the median price per square foot in August was $225 down…Details
The last couple of weeks have seen mortgage interest rates increase about .5%. As a home buyer, how does this affect you? Here are a few scenarios: A loan amount of $250,000: Buyers can expect to pay right around $70 per month more for the same home a month ago and that $70 more per…Details
January saw a rise in the median home price in Bend to $410,000. Homes sold in January were on the market for an average of 110 days and there were 142 residential home sales recorded for the month. CLICK HERE to see a full review of Central Oregon Real Estate Statistics for the month.
WHATS GOING ON WITH THE HOUSING MARKET AND THE ECONOMY??
The United States
1. Let’s take a look at the latest report on new US residential sales from the US Census Bureau.
• Sales beat expectations, hitting the highest level in a decade (see below).