On May 29, 2023, the national average for a fixed-rate 30-year mortgage was 6.9%. The high for this credit tightening cycle was late October at 7.13%. The rate yesterday was 7.04%. While rates have been stable recently, and the range above from the low to high only represents a …

One of the most challenging situations I deal with as a real estate agent is the question or statement that "I'm going to wait and see what the market does." Since I do not have a crystal ball, I can't say whether waiting could work out. Although being data-driven …

Every Wednesday morning, when compiling the data from the previous week, my preconceived notions of where the market is heading are challenged. While looking at homes and evaluating our inventory daily, I also read a lot of national news about data trends and speculation about the economy. Like most, …

This morning there are 860 single-family homes listed for sale in Deschutes County, -9.2% less than this week last year. The median list price of the active inventory is 840k, up from 778k. The median days listed this year is forty-seven, up eleven from last year. At this time …

Surprisingly for this time of year, the inventory of single-family homes for sale in Deschutes County dropped thirty-two, now at 823. That is sixty-four less than this week in 2022. Last year at this time, inventory was still climbing before peaking at 972 on August 10. Remember that less …

I hope you all had a great Fourth of July! Whether that was an extended weekend or just a pause during a busy week, there is much to celebrate at the midpoint of another year. Independence means many different things to different people. Yet, in the context of my …

Real estate activity in Deschutes County for single-family homes remains strong, with seventy-eight pending sales and seventy-seven closed weekly transactions. More importantly, the active listings only increased by twenty-five to 787, twenty-two less than this week last year. The year-over-year weekly difference in inventory may be small, but the …

Before I pulled the MLS data this morning, I prepared to write about cracks beginning to appear in the housing market based on stubbornly high mortgage interest rates. My speculation about a slowing market originated from an early week spike in inventory and my incorrect assumption that buyers would …

The lack of homes for sale in Central Oregon is no more apparent than in the less populated counties of Crook and Jefferson, where the inventory of single-family homes this week are 133 and seventy, respectively, an increase of one for each county over last week. With so few …

Mortgage rates backed off of recent highs, with the 30-year average for a fixed-rate conventional loan at 6.89% yesterday afternoon, unchanged from Monday. This week is bereft of new data, with the Fed in a blackout period ahead of next week's meeting and the CPI numbers coming out on …