Homebuying, not refinancing, drives mortgage applications up 2.3%

Slightly higher mortgage rates did not deter homebuyers looking for a loan last week.
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3 Bedrooms Homes in CENTRAL OREGON

EXCLUSIVE LIST of 3 Bedroom Homes in CENTRAL OREGON
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Wow! "Like" if you wouldn't mind waking up to an ocean view every morning!!

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Why homesellers are pulling back in this busy season

In the heart of the busiest season for housing, homesellers are pulling back. New listings in April fell 1.1 percent from a year ago, according to Redfin, a national real estate brokerage. That may not seem like a lot, but with the number of homes for sale extremely low and demand for homes high, the drop in new listings is unexpected and unwelcome. The reason has less to do with buyer demand and more to do with seller anxiety.
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Lowest rates in a year no enticement: Mortgage applications down 1.6%

Total mortgage application volume fell 1.6 percent last week from the previous week on a seasonally adjusted basis, according to the Mortgage Bankers Association. Volume was 18.4 percent higher than the same week one year ago.
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Take the GUESS MY HOME VALUE Challenge and Win Big!

Take the GUESS MY HOME VALUE Challenge and Win Big!
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Doesn't this look like the perfect spot to curl up & relax? What do you think??

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We’ve arrived!

Wow, Impressive... After Bryce graduates from highschool, the adventure begins for us. Could you live in a tiny home?
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Noah von Borstel at John L Scott Real Estate

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Would you LOVE a spacious backyard like this in your new home??

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Real estate market recap: May 2-6, 2016

The big news in real estate markets, recapped for your convenience
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Check out this luxurious pool home! What do you think?! Is this what you're looking for?

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Get a FREE - NO obligation, Instant Home Valuation

ATTENTION CENTRAL OREGON Home Owners! You may be SHOCKED to see what your home value is today!
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Central Oregon Follows National Housing Trends

While existing home sales across the US fell 4.9% December 2014 to January 2015, sales were up 3.2% in January from a year ago according to the National Association of REALTORS®. Locally, Central Oregon has seen a similar trend. In Deschutes County existing home sales fell 18.2% between December 2014 and January 2015. However, sales were up 31.6% in January 2015 over January 2014. Jefferson County saw a 10.7% decrease from December 2014 to January 2015, but with an 8.7% in January 2015 over January 2014. Crook County was the exception, with a 56.2% decrease from December 2014 to January 2015 and a 36.4% decrease in January 2015 compared to January 2014. Nationally, median existing home prices were at $199,600 in January 2015, a 6.2% increase over January 2014. In Deschutes County the median price rose to $278,000 in January 2015 from $249,000 in January 2014. In Crook County, the median home price is also on the rise from $128,000 in January 2015 over $139,000 in January 2015. Jefferson County saw the most drastic increase rising from $93,000 to $153,000 in January 2015 compared to January 2014. The rise in home prices across the board signals an improving housing market after drastic price reductions during the recession.
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Don't Dare Sell Your Home

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Warren Buffett: There Is No Bubble in Real Estate

Warren Buffett says now is a good time to buy a house, though not as good as it was four years ago. Still, Buffett says he thinks the chances of housing prices collapsing are very low.
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CLOSED: March 23, 2016 Great NE Redmond Home.

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Mortgage Rates Are Plummeting, and Here's Why You Should Care as an Investor

Here's your strategy to take advantage of today's dropping interest rates.
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Noah von Borstel at John L Scott Real Estate

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CLOSED: February 11, 2016 This beautiful home was found in an older neighborhood. The buyers were a walk-in at John L. Scott in May 2014. Their house took a long while to sell, but we stuck it out together. After 18 months, their home sold and this is their NEW Forever Home. It may have taken awhile, but everything fell together Wonderfully, the way it was supposed to. I consider Darrell and Julie good friends... The referral they sent proved solid and closes next week. It makes a difference taking care of your clients.

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Look at this beautiful pool & outdoor living space! Is this what you're looking for in your new home??

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COBA

2016 Spring Home & Garden Show at the Fairgrounds this Weekend.
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Home Renovation Without Aggravation

Think 2016 might finally be the year to tackle that big home renovation project you’ve been putting off? Welcome to the club. Fueled largely by the rebounding housing market, home improvement spending is projected to reach $155 billion this year, surpassing the peak set in 2006, according to Harvard’s Joint Center for Housing Studies. At the same time, the construction industry is in the throes of a massive labor shortage, having shed more than 2 million jobs since 2007.
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Central Oregon Real Estate Market Report for January 2015 | Central Oregon Home Search

With the new year, I decided to revamp the market reports I provide each month. Often, potential buyers in Central Oregon aren’t just considering a single community. So, rather than organize them by location (Sisters, Tumalo, Bend) as I have in the past, moving forward I’m going to be examining three key market segments: the number of Active listings, the number of sales and the price of Active listings. I’ll still be focusing on the three primary communities that the bulk of my clients are drawn to (Sisters, Tumalo, Bend) — and since many of those clients are buying homes on acreage, I’ll include both Single Family Residential listings and Residential With Acreage listings.
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Are you a fan of this luxurious living space? Or would you prefer more simplistic home decor?

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