Click here to view this week's real estate market analysis video.

Pending home sales in Deschutes County in the previous seven days jumped to eighty-nine, an increase of twenty from the week starting August 24, on par with the more significant weeks for new contracts this summer. Not surprisingly, for the season, the active inventory of single-family homes decreased to …

With the end of summer rapidly approaching, it isn't surprising that pending sales decreased from last week's torrid pace but remained high at sixty-nine. Moreover, forty-three of those pending sales lowered the price before securing a contract by -6.57%, typical for the last several weeks. While the pending sales …

Last week, I read several articles proclaiming either a housing bust or highlighting growing July inventory and a slowdown in the real estate market. Those reports indicate the problem in following mainstream media for real estate news; they are not up to date. Considering that we have almost completed …

Click here to view this week's real estate video blog.

Regarding real estate, my predictive powers extend no more than several weeks or, at best, a season. However, I stay on top of the data and trends weekly, which gives me an excellent view of where we are today, although that data can be a poor future …

The Consumer Price Index was unchanged in July compared with the June report, which many analysts will interpret as good news. However, June and July numbers are at forty-plus year highs, and celebrating may be premature. Pending and sold single-family homes in Deschutes County declined last week to sixty-five …

Click here to view my Central Oregon real estate Video Blog for August 5, 2022.

After a steep drop in mortgage interest rates last week, rates increased again, with this morning's national average for a 30-year fixed-rate mortgage at 5.3%. Rates are still .2% lower than last week, and a local lender reported rates in Central Oregon on Friday of 4.66%, evidence that shopping …

Click here to view my Central Oregon Video Blog for July 22, 2022.