Sales activity and closings across all three counties of Central Oregon are robust as we head into Memorial Day weekend, typically viewed as the start of peak-selling season for homes. The majority of homes sold will be between now and Labor Day, with new listings continuing through the bulk of …

Late last year, I predicted that the Federal Reserve would not pivot on interest rates in 2024, and yesterday's Producer Price Index came in hot, adding one more metric to the inflation equation. Even if today's CPI report comes in cooler than the last several months, PPI is …

As we approach peak season, the inventory of single-family homes in all three counties of Central Oregon increased this week. Deschutes County added 45 new listings, Crook County added 7, and Jefferson County's inventory grew by 3. With more options for buyers, pending sales are solid, and the market …

Last year, low inventory suppressed sales, as buyers had so few homes to choose from. This year, however, is an entirely different scenario, with sellers flooding the market with willing buyers ready to go. More listings would theoretically temper prices, but attractive listings are moving quickly with so much pent-up …

Inventory growth in Central Oregon continues, and I will compare some national numbers to what is happening locally for perspective. Mike Simonsen, the CEO of Altos Research, posts a weekly video about national market trends, reporting 31% more inventory nationally this week than in 2023. Nationwide, more sellers are coming …

After an (un)expected rise in inflation with last week's Consumer Price Index Report, the 10-year Treasury closed trading yesterday at 4.654%. The 10-year Treasury closely correlates to 30-year fixed-rate mortgages, and the rise in bond yields also increased mortgage rates, with the 30-year fixed-rate conventional mortgage national …

The last few years have been tough for buyers, with so few homes listed for sale, but that trend is loosening up. In mid-April 2022, there were 333 single-family homes listed in Deschutes County. This week last year, 525 single-family homes were available, and this morning shows 719 listings …

Reviewing the numbers from the last week in Central Oregon, it is immediately apparent that sales are increasing, and homes are selling for closer to the asking price than at any time over the last several months. The national average for a 30-year fixed-rate conventional mortgage is 7.06 …

I track several statistics weekly in the Central Oregon MLS and keep them in a spreadsheet for future reference. I don't share two of those statistics regularly because they are of little value weekly, but they help establish trends, such as the sold-to-list ratio and the sold-to-original-list ratio. The …

The last several days in Central Oregon have been gorgeous, with sunshine and temperatures approaching or surpassing 70 degrees. Weather at this time of year can cover the gamut, and I do not expect conditions to remain this mild, as it is only March. However, the nice weather may have …