Oregon and Beyond Real Estate Newsletter
SOLD PRICES Stablize and Start to Rise Conservatively
Economic Snapshot thru March 2012
Our lenders can't say for sure how long rates will stay down. We've seen a marked increase in volatility in lending rates in March. Evergreen Home Loans think volatility will remain high going forward, which is why they feel compelled to say that the risk of waiting for lower lending rates outweighs the benefit of substantially lower lending rates materializing. In working with our lenders at Wells Fargo we have heard an echo to this seniment. ( In laymans terms- if the market continues to stablize or slightly rise, by the time one waits to make a decision with the concerns and reactions of the market, a higher interest rate could negate a 5,000 to 10,000 dollar drop in price.)
Home Values in Bend - Past-Present and Future
What is our real estate market doing? Reviewing the trends over the past 12 to 15 months and the current market activity we are optimistic that we are starting to stabilize. Prices are equal or have risen slightly, especially those properties under $250,000. Interest rates are holding, however we have seen slight increases. The condition of a property is a premium for buyers that are not handy with repairs. If you are a buyer or sellers planing you action plan prior to begining your selling or buying process will save you thousands of dollars. Don't forget we are just a phone call or an email away, and your questions will be warmly addressed. 
