Mortgage rates are trending downward ever so slightly, inventory growth is slowing, and activity is increasing. For those of you looking to buy or sell in 2025, the next several weeks are shaping up to be a busy period. For buyers, the presence of motivated sellers is making life …

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 …

Activity was steady again this week, while inventory levels remained flat or declined across Central Oregon. With the Fourth of July on Friday and a long weekend ahead, it is not surprising that some sellers may have pulled back until after the holiday break. The interesting thing to watch …

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, the national average for a 30-year fixed-rate conventional mortgage is 6.82%, the lowest since early May. For reference, on January 6, 2025, the 30-year average was 7.16%. Thirty-four basis points may not be a massive decrease, but every little bit helps, and the markets respond with …

With the Federal Reserve wrapping up the latest meeting today, the chances of any rate cuts are zero. Last year, the Fed made an aggressive 50-basis-point decrease in September, followed by 25-basis-point reductions in November and December, while telegraphing two more cuts in 2025. With today's news likely to …

A common misconception in the Central Oregon Housing Market is that activity around July Fourth is the busiest time of year. In reality, the summer doldrums are a genuine phenomenon, and the late spring to early summer and mid-July through Labor Day typically see more vigorous activity. This week, …

As you will see in the data below, the three counties of Central Oregon are behaving quite differently. However, the overall dynamic of higher inventory levels over the last year is consistent to varying degrees throughout the region, with prices remaining relatively stable. Deschutes and Jefferson County are …