Regarding real estate, my predictive powers extend no more than several weeks or, at best, a season. However, I stay on top of the data and trends weekly, which gives me an excellent view of where we are today, although that data can be a poor future …
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The Consumer Price Index was unchanged in July compared with the June report, which many analysts will interpret as good news. However, June and July numbers are at forty-plus year highs, and celebrating may be premature. Pending and sold single-family homes in Deschutes County declined last week to sixty-five …
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After a steep drop in mortgage interest rates last week, rates increased again, with this morning's national average for a 30-year fixed-rate mortgage at 5.3%. Rates are still .2% lower than last week, and a local lender reported rates in Central Oregon on Friday of 4.66%, evidence that shopping …
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Inventory in Deschutes County in the last seven days increased to 957 single-family homes, only ten more than last week. In addition, pending and sold numbers flipped, with eighty-one homes pending compared to sixty-five last week and sixty-four sold against eighty-one the previous week. This week's numbers could very …
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This morning the available single-family homes for sale in Deschutes County is 947, up sixty from last Wednesday. Pending sales are down five to sixty-five, while sold homes are up sixteen at eighty-one. Mortgage News Daily shows the 30-year fixed-rate mortgage at 5.72%, showing steady mortgage rates for the …
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As the economy continues its downward spiral, cracks in the housing market are beginning to show. This morning's CPI print for June came in at 9.1%, higher than forecast and the highest in more than forty years. According to Mortgage News Daily, the 30-year fixed-rate mortgage is 5.71%, after …
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