Mortgage rates have been slightly declining since the 30-year fixed-rate Jumbo mortgage peaked at 7.26% in January of this year. The national average rate this morning for Jumbo loans is 6.70%, and judging by the graph of rates, rates will likely continue to soften through the end of summer. …

The housing market in Central Oregon remains strong, bolstered by consistent growth, predicted to continue for several years. This year in particular, the luxury market is outperforming the overall market, but the market below $1 million is still doing well. In 2023, YTD home sales of single-family homes totalled …

This week in Deschutes County, the broader market saw a marked decrease in the inventory of single-family homes, a trend also evident in the luxury market. In Deschutes County in 2024, the shift towards decreasing supply occurred in the second week of August, following a peak of 1,322 homes …

Except for the listings over $3M, every segment I track in the luxury market experienced a decline in inventory this week. Activity remains steady as we begin the last busy stretch of the season, before naturally tapering off towards Fall. The YTD sales over $3M are still ahead of …

>As expected, the numbers this week are subdued after the Fourth of July holiday, but still steady. Inventory growth picked up across every segment I track for the Luxury Market Report, but not significantly. Next week marks the beginning of the last block of the summer selling season, and …

Mortgage interest rates might still be relatively high, but the trend since the end of 2024 has been slightly down, with rates this morning for a 30-year fixed-rate conventional loan at 6.81%. On July 8, 2024, the 30-year rate was 6.94%. While a thirteen-basis-point change may seem small, the …

>Happy Fourth of July! Last night, in Central Oregon, we were treated to thunder, lightning, and rain, which should cool things down and make for a pleasant and temperate long weekend. I hope you have time planned with family and friends, filled with enjoyable activities. I am available and …

If you have been reading my Wednesday and Friday reports, you may have gathered that the high-end market is outperforming the market below $1 million, and if so, you are correct. At the end of this report, I will show the YTD changes in Crook and Deschutes Counties. But …

This morning, in Deschutes County, there are 432 single-family homes listed between $1 million and $2 million, down two from last week. It is too early to call peak inventory for the year, but a decrease this week indicates a slowing as we head into the busy July Fourth …

Inventory growth across all price points slowed this week, and that trend is also evident in the luxury market. As expected, the $1M to $2M range experienced the most inventory growth, with only a handful of listings added over $2M in Deschutes County. Crook County's inventory of over $1M …