For years, Bend's housing market has been defined by extremes: a relocation boom during the pandemic, a sharp reset as interest rates climbed, and then a long stretch where low inventory kept competition fierce. As we move through 2026, the ground finally feels more balanced — especially for relocation buyers looking for a lifestyle upgrade without the bidding-war chaos of years past.
Below is a look at what's driving the shift: interest rates, supply, buyer behavior, and the enduring lifestyle appeal that keeps Bend on the relocation shortlist for Seattle, Bay Area, and Portland households.
After peaking in the 7%+ range, mortgage rates have been sliding steadily into the
Wondering what to expect from the housing market in 2026? You're not alone. For the past few years, affordability has been the biggest obstacle between buyers, sellers, and their next move. High mortgage rates, limited inventory, and rapid price growth forced many households across Central Oregon to sit on the sidelines.
The good news is this: conditions are finally shifting. In 2025, affordability improved to its best level in three years, and most economists agree that progress should continue into 2026. That outlook is based on three fundamentals that matter everywhere—including Bend, Redmond,
Jed Peters is a real estate broker with more than a decade of experience helping clients buy, sell, and invest in exceptional properties. After a highly successful career in Austin—working across luxury residential homes, land and ranch sales, and investment-driven transactions—Jed relocated to Bend to build a life in the mountains and serve a community that immediately felt like home.
Jed's approach is grounded in the belief that real estate is equal parts strategy and relationship. He is known for his calm presence, thoughtful communication, and ability to make even the most complex transactions feel clear and manageable. Clients appreciate his blend of market knowledge, negotiation skill, and genuine care for the people he represents.
His background includes:
• Luxury home sales across competit...
For more than twenty-five years, Rachel worked as a professor of Spanish language and culture. Teaching, for her, was about supporting her students while holding them to high expectations. It mattered that they learned a great deal, but it mattered just as much that they learned to engage thoughtfully with others. That balance of rigor, care, and respect continues to guide how she works with clients today.
She came to real estate during a pivotal chapter of her life and found a profession that felt like a natural extension of her earlier work. Real estate requires patience, discernment, and an understanding of both the emotional and financial dimensions of important decisions. Her role is to help clients gain clarity so they can make sound decisions for themselves.
Rachel specializes in residential and luxury real estate in Bend and Central Oregon, with a particular focus on Awbrey Park. Luxury in Bend looks d...