Merry Christmas! I hope you and your family have a wonderful holiday and enjoy quality time together as the year winds down. I have much to be thankful for this year, particularly all of my wonderful clients who rely on me to help them with their real estate needs. I …

Today, the Federal Reserve is likely to drop the overnight rate by another 25 basis points despite inflation trending upward. However, mortgage rates this morning are up ten basis points from last week, with the national average for a 30-year fixed-rate conventional loan at 6.92%. A decrease in the …

Mortgage rates have softened as the year winds down, with the national average for a 30-year fixed-rate conventional loan at 6.78% this morning. Today's rate is nearly identical to rates at this time last year. The Consumer Price Index data coming out today will be the final …

County offices in Central Oregon were closed on Thursday and Friday last week for Thanksgiving, sharply reducing the number of business days for the week. In turn, the number of closed transactions was down sharply for the week. With just two weeks of business days left in 2024 …

Now that Thanksgiving is here, the 2024 real estate market is winding down. Most buyers looking today will not close on a property until 2025. Over the coming weeks, I will write an area-specific analysis of how the year shaped up. While sales volume and prices increased slightly over 2023 …

The national average for a 30-year fixed-rate conventional mortgage this morning is 7.04%, down from 7.34% on this day last year. While many have hyped a rate pivot from the Federal Reserve as the trigger for lower rates in the mortgage markets, that has not been the …

Over the last few years, the Central Oregon housing market trends have been strong enough to create consistent market conditions across all three counties. Price increases slowed somewhat when mortgage interest rates increased, but inventory remained low enough to prevent a significant drop in home values. The last …

The next significant news that could impact the housing market will be the Fed meeting and whether the overnight rate drops. Many predict another rate decrease, likely at no more than 25 basis points. However, while a decline in the overnight rate may impact credit card rates or …

With Thanksgiving just over a month away, the off-season housing market in Central Oregon has officially arrived. Typically, sales slow, inventory declines more rapidly, and many buyers pull back as holiday travel plans and commitments take center stage. While our elevated inventory relative to the previous few …

The drop in mortgage interest rates was a minor blip in the trajectory. This morning, rates for a 30-year fixed-rate mortgage were 6.85%. Being under 7% is helpful, and rates should soften over the next several months. However, recent trends prove there is no direct correlation between …