Posts with tag 'bidding war'
Subscribe and receive email notifications of new blog posts.
RSS Feed
6
Bend Oregon Real Estate | September 2025 Trends
Lower Mortgage Interest Rates Are Making a Difference for Bend Home Sales
For many Bend real estate brokers, the first half of 2025 had mixed sales results. Home prices moderated, and inventory levels increased. With more homes on the market, buyers had more choices. However, high mortgage interest rates kept many would-be home buyers off the market. Home sales proceeded through the summer at a relatively lower pace than was typical for Central Oregon.
However, the market changed in September. In the beginning of September, mortgage rates dropped below 6.5%. This coupled with more motivation from
15
What a Fed Rate Cut Could Mean for Mortgage Rates
The Federal Reserve (the Fed) meets this week, and expectations are high that they'll cut the Federal Funds Rate. But does that mean mortgage rates will drop? Let's clear up the confusion.
The Fed Doesn't Directly Set Mortgage Rates
Right now, all eyes are on the Fed. Most economists expect they'll cut the Federal Funds Rate at their mid-September meeting to try to head off a potential recession.
According to the CME FedWatch Tool, markets are already betting on it. There's virtually a 100% chance of a September cut. And based on what we know now, there's about a 92% chance it'll be a small cut (25 basis points) and an 8% chance it will be a bigger cut (50 basis points):
11
Patience Won't Sell Your House. Pricing Will.
Waiting for the perfect buyer to fall in love with your house? In today's market, that's usually not what's holding things up. And here's why.
Let's be real. Homes are taking a week longer to sell than they did a year ago. According to Realtor.com:
"Homes are also taking longer to sell. The typical home spent 60 days on the market in August, seven days longer than last year and now above pre-pandemic norms for the second consecutive month. This was the 17th straight month of year-over-year increases in time on market."
Part of that is because there are more homes on the market. So, with more options for buyers to choose from, they aren't getting snatched up quite as fast. But there's another big reason: price.
The Average List Price Isn't Going Up – and That Matters
8
Bend Oregon Real Estate | August 2025 Trends
Its a Mixed Market for Bend Home Sales
August is usually a month where home buyers with young children close their purchases and get settled before school starts. It is also a month in which sellers who didn't sell their properties during the peak summer selling season consider their next options. Often, for those who really need to sell, lowering the asking price can be the answer. For others, taking their property off the market may make more sense. However, in 2025, the August Bend home sales reflected a mixed market with prices up, closings up, inventory up and days on market up.
When August 2025 is compared with August 2024, th...
8
Why 50% of Homes Are Selling for Under Asking and How To Avoid It
If your selling strategy still assumes you'll get multiple offers over asking, it's officially time for a reset. That frenzied seller's market is behind us. And here are the numbers to prove it.
From Frenzy to "Normal"
Right now, about 50% of homes on the market are selling for less than their asking price, according to the latest data from Cotality.
But that isn't necessarily bad news, even if it feels like it. Here's why. The wild run-up over the last few years was never going to be sustainable. The housing market needed a reset, and data shows that's exactly what's happening right now.
The graph below uses data from Zillow to sh...
Privacy Policy / DMCA Notice / ADA Accessibility
