Many lenders and real estate agents cling to mortgage interest trends as the only metric that matters when evaluating the market. While borrowing costs undoubtedly significantly impact affordability, inflation, real interest rates, and equity market trends all play a role in the decisions of many real estate buyers …

Last week, I showed significant increases in median sale prices year over year in Central Oregon. Today, let's complete the picture by looking at inventory levels and days on the market. I write these reports primarily to bring hard data to the conversation about housing in our area, as …

On October 10, 2023, the national average for a 30-year fixed-rate mortgage was 7.11%, nearly identical to this morning's rate of 7.16%. Except for a brief peak in late October to 7.91%, rates have remained within a few basis points of today's rate for several …

This week, the days the pending sales were on the market dropped in Deschutes and Crook Counties and increased slightly in Jefferson County. The increase in Jefferson County was modest and is still only 18 days, while Crook dropped thirty to 23, and Deschutes dropped nine to 16. Inventory …

All three counties in Central Oregon saw modest inventory growth this week, with Deschutes County surpassing the one-thousand mark for the first time in years. While growing inventory has created a considerably larger selection for buyers, it has yet to soften prices. However, many sellers have reconsidered …

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 …