This morning in Sunriver, the first snow of the year is on the ground! It may only be an inch, but all signs indicate a more significant winter than recent with a predicted La Nina weather pattern. As expected, active listings are down to 877, a decrease of thirteen …

Last week I mentioned the inventory of single-family homes as a future indicator of home prices for the start of 2023. Since mid-October historically has been the peak of listed houses before tapering into winter, significant increases or decreases from this point until year-end are telling. For example, this …

Energy, food, and producer costs play an outsized role in inflation numbers on the eve of the September report, available tomorrow. Some analysts predict a .5% core inflation increase, all but assuring the Federal Reserve raises rates again in November. With the 30-year fixed-rate mortgage national average at 7.14% …

While mortgage rates may have moderated slightly from last week, now at 6.65% for the national average of a 30-year fixed-rate loan, the market remains volatile. Moreover, with another 75 basis point increase expected from the Fed at the next meeting on November 1-2, 2022, There is every reason …

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Jerome Powell and his cronies at the Federal Reserve have changed their tune dramatically in the last several months. But unfortunately, they also seem determined to crush our economy in the name of inflation-fighting while simultaneously printing money for the current administration's pet projects. Not surprisingly, our economy and …

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The national average 30-year fixed-rate conventional mortgage yesterday was 6.47%, the highest rate since 2008. Unfortunately, with persistent, rising inflation, the Fed will raise the overnight rate at least 75 basis points again today, with some economists encouraging 100 basis points. The mortgage market has been pricing rates in …

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The median sale price in Deschutes County for the last seven days is $752,500 marking five consecutive weeks of increase. The days on the market for these sold properties have remained steady at twenty-three. Days on the market for active listings increased by two, now at sixty-one, the most …