Mortgage rates have stabilized recently, with the rate for a 30-year Jumbo loan flat at 6.55% today. While rates are higher than many expected, the relative stability helps buyers wrap their heads around today's financing costs. Overall, the luxury market is slowly but steadily building towards summer …

Across the entire luxury and farm market listings over $1 million in Crook and Deschutes County, net inventory is down by two this week. Coming off a mild winter and early spring weather, the lack of growing supply is surprising. I mentioned in my Wednesday report that …

Supply of active listings in the Central Oregon luxury housing market is mostly tracking with last year's volumes, with some interesting variations. As the price tranches narrow, the variations carry less weight in identifying trends, but with more time, it will become clearer what this all means …

After a remarkably mild winter and an early spring, real estate activity, particularly new listings, is ramping up. While the buildup of new listings is uneven across the different price tranches, the pace is picking up. Mortgage rates are stubbornly above 6%, which is significantly better than …

Last week, the activity in the luxury markets slowed, but volume this week rebounded, dispelling any hint of a market slowdown. Spring in particular can be up and down, just like the mortgage markets of late.

Those of you who also read …

Across all price points, this week has been slow. In real estate, one slow week is meaningless, but with everything going on in the world, I will be watching to see if this is a building trend. Mortgage interest rates have been up a bit recently, but …

Spring weather and lower mortgage rates are accelerating the housing market, with some notable pending sales this week. This morning, the national average for a 30-year fixed-rate conventional mortgage is 5.99%, the 30-year Jumbo rate is 6.26%, and the 15-year fixed-rate is 5.6%. Inventory growth slowed this …

I started writing my weekly market reports to fill in the information gap I noticed in the typical real estate marketing available to the general public. My reports began nearly 7 years ago, covering all price points across Deschutes, Crook, and Jefferson Counties, and I have weekly …

The storm slated to hit Central Oregon starting tomorrow has fizzled somewhat, which isn't surprising given this year's weather patterns. While the weather this week may slow down real estate activity, all indications point toward a build-up of inventory beginning, as expected for the season. The segments …

Executive summary

• Mortgage rates are steady, but improving, with the national average for a 30-year jumbo at 6.35%.
• Early indications reveal inventory growth beginning sooner, with increased competition amongst sellers.

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