The median price for a single-family home in Bend rebounded a little in December, and Redmond's median increased slightly for the second straight month, according to figures released Wednesday by the Bratton Appraisal Group.
In Bend, the median price reached $184,000, an $18,000 increase over November's median, which was the lowest in more than six years, according to the Bratton Report. Last month, 140 single-family homes sold in Bend, and inventory as of Wednesday stood at 3.5 months, according to the report, which uses data from the multiple listing service of Central Oregon.
Redmond's median price for a single-family home last month reached $129,000, about $6,000 more than November's price, according to the report. Sixty-three single-family homes sold in December, and Redmond's inventory was about three months.
Tuesday, January 17, 2012
Tuesday, June 14, 2011
June 2011 Housing Market Hits Bottom
INFO THAT HITS US WHERE WE LIVE... There are those who think the housing market is in bad shape, with the start of a second dip in home prices. Then there are those who see something better -- a bumpy bottoming of home prices, which will soon head back up. Those of us in the second camp were given more ammunition last week by real estate data company Altos Research. Their evidence shows prices bottomed out in March and achieved seasonal rises in April and May. Their VP of market analytics said in a recent webcast: "We're pretty confident that means there is going to be a rebound.... There's still plenty of movement upside and we're going to probably move...back into positive ground." The researchers also reported that median list prices for single-family homes were up from March to May in all but two of the 20 cities they track. They further pointed out that, except for the last boom, the housing market historically has never seen constant price appreciation. There has always been some price volatility, so the latest dipping "...is really just the start of the next housing cycle." Other industry data revealed that in real estate listings in 16 of the 20 largest U.S. metro areas, the average number of days on the market dropped from 150 in December to 140, while median listing prices went from $224,900 to $246,000. This is not yet a housing recovery, but it's also not a double dip.
Saturday, February 12, 2011
Home sales prices up in Bend, Redmond
The median sales price of single-family homes in Bend and Redmond rose last month from December, according to a report Friday from Bratton Appraisal Group of Bend.
In Bend, the January median was $173,000, up 3 percent from December, but down 8.5 percent from January 2010. In Redmond, the median was $122,000, up 7 percent from December and 1.7 percent from a year ago.
Data don’t include condominiums, town houses, manufactured homes or acreage.
In Bend, 125 homes sold last month. Median sales price per square foot was $95.
In Redmond, 51 homes sold last month. Median sales price per square foot was $75.
In Bend, the January median was $173,000, up 3 percent from December, but down 8.5 percent from January 2010. In Redmond, the median was $122,000, up 7 percent from December and 1.7 percent from a year ago.
Data don’t include condominiums, town houses, manufactured homes or acreage.
In Bend, 125 homes sold last month. Median sales price per square foot was $95.
In Redmond, 51 homes sold last month. Median sales price per square foot was $75.
Wednesday, January 19, 2011
Tuesday, August 10, 2010
Bend Leads In Depreciation And Recovery
Bend leads nation in home depreciation
Housing values in Bend have dropped at a higher rate than in any other metropolitan area in the nation during the past year, according to real estate website Zillow.com.
Bend's median home price fell by 21.8 percent, to $167,500, from the second quarter of 2009 to the second quarter this year. Values have dropped 52.5 percent in Bend since the peak of the market in mid-2006, when the median price was $354,000, according to Seattle-based Zillow.
Bend fell the furthest among Oregon metropolitan areas and has had, since the beginning of 2010, the lowest median home value, according to Zillow. Zillow's numbers include both single-family homes and condominiums.
Just last week, however, a Bloomberg Businessweek report forecast that Bend would have the nation's second-strongest housing rebound by 2014, with a 33.6 percent uptick in prices. Only Bremerton-Silverdale, Wash., was picked to rise more, at 44.7 percent.
The housing forecast, done for Businessweek.com by Fiserv and Moody's Economy .com, was based on factors that included income growth, demographic trends, unemployment and foreclosure rates, and construction costs. It expects Bend's prices to bottom in the first quarter of 2011, followed by a rapid recovery.
Housing values in Bend have dropped at a higher rate than in any other metropolitan area in the nation during the past year, according to real estate website Zillow.com.
Bend's median home price fell by 21.8 percent, to $167,500, from the second quarter of 2009 to the second quarter this year. Values have dropped 52.5 percent in Bend since the peak of the market in mid-2006, when the median price was $354,000, according to Seattle-based Zillow.
Bend fell the furthest among Oregon metropolitan areas and has had, since the beginning of 2010, the lowest median home value, according to Zillow. Zillow's numbers include both single-family homes and condominiums.
Just last week, however, a Bloomberg Businessweek report forecast that Bend would have the nation's second-strongest housing rebound by 2014, with a 33.6 percent uptick in prices. Only Bremerton-Silverdale, Wash., was picked to rise more, at 44.7 percent.
The housing forecast, done for Businessweek.com by Fiserv and Moody's Economy .com, was based on factors that included income growth, demographic trends, unemployment and foreclosure rates, and construction costs. It expects Bend's prices to bottom in the first quarter of 2011, followed by a rapid recovery.
Sunday, July 25, 2010
Sunday, May 2, 2010
Friday, January 1, 2010
Wednesday, December 23, 2009
Saturday, November 7, 2009
Home Buyer Tax Credit Has Been Extended And Expanded
BREAKING NEWS!
The Home buyer tax credit just got better! Read all the details in the links below. You may be surprised to find out that the credit has expanded beyond first time home buyers and may now include you!
Changes to the Homebuyer Tax Credit Law
Frequently Asked Questions About the New Bill
Listen to NAR President Charles McMillan's Podcast About the Bill Passing
See How the House Voted
In Depth: 2009 First-Time Homebuyer Tax Credit
The Home buyer tax credit just got better! Read all the details in the links below. You may be surprised to find out that the credit has expanded beyond first time home buyers and may now include you!
Changes to the Homebuyer Tax Credit Law
Frequently Asked Questions About the New Bill
Listen to NAR President Charles McMillan's Podcast About the Bill Passing
See How the House Voted
In Depth: 2009 First-Time Homebuyer Tax Credit
Wednesday, November 4, 2009
IRS Consumer Alert
IRS Consumer Alert
The IRS warns taxpayers to be on the alert for e-mails and phone calls they may receive which claim to come from the IRS or other federal agency and which mention their tax refund or economic stimulus payment. These are almost certainly a scam whose purpose is to obtain personal and financial information — such as name, Social Security number, bank account and credit card or even PIN numbers — from taxpayers which can be used by the scammers to commit identity theft. The e-mails and calls usually state that the IRS needs the information to process a refund or stimulus payment or deposit it into the taxpayer's bank account. The e-mails often contain links or attachments to what appears to be the IRS Web site or an IRS "refund application form." However genuine in appearance, these phonies are designed to elicit the information the scammers are looking for.
The IRS does not send taxpayers e-mails about their tax accounts. Additionally, the way to get a tax refund or stimulus payment, or to arrange for a direct deposit, is to file a tax return.
For more information on consumer scams, see Suspicious e-Mails and Identity Theft.
The IRS warns taxpayers to be on the alert for e-mails and phone calls they may receive which claim to come from the IRS or other federal agency and which mention their tax refund or economic stimulus payment. These are almost certainly a scam whose purpose is to obtain personal and financial information — such as name, Social Security number, bank account and credit card or even PIN numbers — from taxpayers which can be used by the scammers to commit identity theft. The e-mails and calls usually state that the IRS needs the information to process a refund or stimulus payment or deposit it into the taxpayer's bank account. The e-mails often contain links or attachments to what appears to be the IRS Web site or an IRS "refund application form." However genuine in appearance, these phonies are designed to elicit the information the scammers are looking for.
The IRS does not send taxpayers e-mails about their tax accounts. Additionally, the way to get a tax refund or stimulus payment, or to arrange for a direct deposit, is to file a tax return.
For more information on consumer scams, see Suspicious e-Mails and Identity Theft.
Tuesday, September 29, 2009
Sunset Over Madras, Oregon
We love the late Summer and Fall sunsets here! I took this photo from the hills of Madras,Oregon looking straight into Mt. Jefferson. The combination of the turbulent storm clouds covering the Cascade Mountain range and the sun's reflection off the smokey skies, created by the nearby wildfires, makes for a dramatic and entertaining evening of sky watching!
Wednesday, August 5, 2009
HUD Updates
REFINING REFI’S
HUD Secretary Shaun Donovan has announced that, by August 15th, FHA insured borrowers will be able to seek a Making Homes Affordable loan modification and “significantly reduce their monthly mortgage payments.” In guidelines released on July 30th under authority of the Helping Families Save Their Homes Act of 2009, lenders and servicers are expected to use partial claims to defer the payment of some amount of outstanding mortgage principal through an interest-fee, subordinate mortgage that does not come due until the first mortgage is paid off. FHA also will pay an incentive to loan servicers for every FHA loan modified under the program. Bringing this “important tool to the table,” says the Secretary, will enable FHA borrowers “to modify their mortgages in the same manner as so many others who are taking advantage” of the program.
For more, read FHA Mortgagee Letter 09-ML-23:
HUD Secretary Shaun Donovan has announced that, by August 15th, FHA insured borrowers will be able to seek a Making Homes Affordable loan modification and “significantly reduce their monthly mortgage payments.” In guidelines released on July 30th under authority of the Helping Families Save Their Homes Act of 2009, lenders and servicers are expected to use partial claims to defer the payment of some amount of outstanding mortgage principal through an interest-fee, subordinate mortgage that does not come due until the first mortgage is paid off. FHA also will pay an incentive to loan servicers for every FHA loan modified under the program. Bringing this “important tool to the table,” says the Secretary, will enable FHA borrowers “to modify their mortgages in the same manner as so many others who are taking advantage” of the program.
For more, read FHA Mortgagee Letter 09-ML-23:
Friday, July 24, 2009
Hungry All Year Long Food Drive Results
Hungry All Year Long Food Drive is Huge Success!
The Hungry All Year Long program began June 1st and ended shortly after the 4th of July holiday weekend with great success. The food drive, which began in 2007, had over 100 donation locations and collected 13,350 pounds of food. This year exceeded the group’s expectations with over 350 donation spots from Madras to La Pine, from Sisters to Prineville and everything in between.
The program’s creator and founder Laura George along with the help of her 2 co-chairs, Pat Leahy and Danielle Snow want to acknowledge the exceptional work and dedication of the 12 Team Captains and over 30 Volunteer Coordinators throughout Central Oregon who made the program such a great success.
The goal for 2009 was to collect 20,000 pounds of food – instead 47,102 lbs of food was collected, which was more than double the goal! NeighborImpact and the team at Hungry All Year Long would like to acknowledge the following people for the special role they played in making this food drive such a success – O’Keeffe’s Company for supplying the boxes and Wells Fargo for making a $5000.00 donation. Their support is a testimony to the Central Oregon community and the fight against hunger.
Just because the food drive is over does not mean that the need no longer exists. Please continue to give to your local food pantry or log onto http://www.neighborimpact.org/ to make a monetary donation. The face of hunger has changed in Central Oregon and we can each be part of the solution by continuing to donate. Thank you all!
The Hungry All Year Long program began June 1st and ended shortly after the 4th of July holiday weekend with great success. The food drive, which began in 2007, had over 100 donation locations and collected 13,350 pounds of food. This year exceeded the group’s expectations with over 350 donation spots from Madras to La Pine, from Sisters to Prineville and everything in between.
The program’s creator and founder Laura George along with the help of her 2 co-chairs, Pat Leahy and Danielle Snow want to acknowledge the exceptional work and dedication of the 12 Team Captains and over 30 Volunteer Coordinators throughout Central Oregon who made the program such a great success.
The goal for 2009 was to collect 20,000 pounds of food – instead 47,102 lbs of food was collected, which was more than double the goal! NeighborImpact and the team at Hungry All Year Long would like to acknowledge the following people for the special role they played in making this food drive such a success – O’Keeffe’s Company for supplying the boxes and Wells Fargo for making a $5000.00 donation. Their support is a testimony to the Central Oregon community and the fight against hunger.
Just because the food drive is over does not mean that the need no longer exists. Please continue to give to your local food pantry or log onto http://www.neighborimpact.org/ to make a monetary donation. The face of hunger has changed in Central Oregon and we can each be part of the solution by continuing to donate. Thank you all!
Tuesday, July 21, 2009
Real Estate Broker - Accredited Buyer’s Representative - At Your Service - No Cost To You!
BUYERS – No joke – I’m finding the screaming hot deals!! If you are serious about getting in on the greatest buyer’s market in 20 years contact me now!
My representation is FREE to all buyers. How? I am paid by the seller.
There are excellent financing options to be had.
No Rooky, Realtor 101 here. I am trained to negotiate, educated and experienced.
My Real Estate Certifications are:
ABR - Accredited Buyers Representative
CRS - Residential Specialist. (PHD of real estate education)
e-PRO - Technology Certified
GRI - Graduate, Realtor Institute
See more back ground and credentials on my website… http://www.alternativesinrealestate.com/
I know what you want and I know how to get it fast.
I am specifically tuned into Bend, Redmond, Culver and Madras.
In other Central Oregon areas I can and will refer you to the best qualified Realtor to match your search criteria.
We’ve hit rock bottom in the housing market. It’s time to act now. As foreclosures are being snapped up the prices are starting to rise, and there are only 5 months left for the first time home buyer’s $8,000 tax credit.
Let’s get started, contact me at… Robin@AlternativesInRealEstate.com
or, Robin at 541-350-0953.
Present by:
Robin Williams, licensed Real Estate Broker, in the state of Oregon. Alternatives In Real Estate, Real Estate Sales & Property Management. A.I.R.E.
My representation is FREE to all buyers. How? I am paid by the seller.
There are excellent financing options to be had.
No Rooky, Realtor 101 here. I am trained to negotiate, educated and experienced.
My Real Estate Certifications are:
ABR - Accredited Buyers Representative
CRS - Residential Specialist. (PHD of real estate education)
e-PRO - Technology Certified
GRI - Graduate, Realtor Institute
See more back ground and credentials on my website… http://www.alternativesinrealestate.com/
I know what you want and I know how to get it fast.
I am specifically tuned into Bend, Redmond, Culver and Madras.
In other Central Oregon areas I can and will refer you to the best qualified Realtor to match your search criteria.
We’ve hit rock bottom in the housing market. It’s time to act now. As foreclosures are being snapped up the prices are starting to rise, and there are only 5 months left for the first time home buyer’s $8,000 tax credit.
Let’s get started, contact me at… Robin@AlternativesInRealEstate.com
or, Robin at 541-350-0953.
Present by:
Robin Williams, licensed Real Estate Broker, in the state of Oregon. Alternatives In Real Estate, Real Estate Sales & Property Management. A.I.R.E.
Thursday, July 16, 2009
IRS Update First Time Homebuyers
IRS Updates
First Time Homebuyer Credit: Reminders & News From HUD
The Recovery Act extends the credit for purchases closing before December 1, 2009. For purchases in 2009 the credit amount increases to $8,000 and the credit does not have to be repaid provided the taxpayer resides in the home for three years. Full article here: http://www.irs.gov/newsroom/article/0,,id=204671,00.html
Also see First-Time Homebuyer Credit Questions and Answers: Homes Purchased in 2009. The following question has come up frequently:
Q. I am in the process of buying a home. I expect to close the deal before December 1, 2009. Can I claim the first-time homebuyer credit now? That would allow me to use the refund for a down payment.
A. No. You may not claim the credit in anticipation of a purchase that has yet to happen. Until you have finalized the purchase of your home, which for most purchasers occurs at the time of the closing, you do not qualify for the credit. IRS news release 2009-27, First-Time Homebuyers Have Several Options to Maximize New Tax Credit, contains details for filing options if the home is purchased after April 15, 2009.
NOTE: HUD recently announced details on new FHA rules allowing state Housing Finance Agencies and certain non-profits to 'monetize’ up to the full amount of the tax credit (depending on the amount of the mortgage) so that borrowers can immediately apply the funds toward their down payments. Home buyers using FHA-approved lenders can apply the tax credit to their down payment in excess of 3.5 percent of appraised value or their closing costs, which can help achieve a lower interest rate.
See the HUD news release here: http://portal.hud.gov/portal/page?_pageid=153,8026931&_dad=portal&_schema=PORTAL
To read the FHA's new mortgagee letter, visit HUD's website.
First Time Homebuyer Credit: Reminders & News From HUD
The Recovery Act extends the credit for purchases closing before December 1, 2009. For purchases in 2009 the credit amount increases to $8,000 and the credit does not have to be repaid provided the taxpayer resides in the home for three years. Full article here: http://www.irs.gov/newsroom/article/0,,id=204671,00.html
Also see First-Time Homebuyer Credit Questions and Answers: Homes Purchased in 2009. The following question has come up frequently:
Q. I am in the process of buying a home. I expect to close the deal before December 1, 2009. Can I claim the first-time homebuyer credit now? That would allow me to use the refund for a down payment.
A. No. You may not claim the credit in anticipation of a purchase that has yet to happen. Until you have finalized the purchase of your home, which for most purchasers occurs at the time of the closing, you do not qualify for the credit. IRS news release 2009-27, First-Time Homebuyers Have Several Options to Maximize New Tax Credit, contains details for filing options if the home is purchased after April 15, 2009.
NOTE: HUD recently announced details on new FHA rules allowing state Housing Finance Agencies and certain non-profits to 'monetize’ up to the full amount of the tax credit (depending on the amount of the mortgage) so that borrowers can immediately apply the funds toward their down payments. Home buyers using FHA-approved lenders can apply the tax credit to their down payment in excess of 3.5 percent of appraised value or their closing costs, which can help achieve a lower interest rate.
See the HUD news release here: http://portal.hud.gov/portal/page?_pageid=153,8026931&_dad=portal&_schema=PORTAL
To read the FHA's new mortgagee letter, visit HUD's website.
Tuesday, May 26, 2009
First Time Homebuyer Credit Update
HUD Secretary announces that the $8,000 tax credit may be used as a down payment!
Shaun Donovan, secretary of the U.S. Department of Housing and Urban Developed told REALTORS® gathered in Washington, DC last week for the NAR Midyear meetings that the Federal Housing Administration will permit its lenders to allow homeowners to use the $8,000 as a down payment.
Secretary Donovan said that important changes, which NAR has been calling for, will help consumers purchase a home. “We all want to enable FHA consumers to access the home buyer tax credit funds when they close on their home loans so that the cash can be used as a downpayment,” Donovan said. According to Donovan, the FHA’s approved lenders will be permitted to “monetize” the tax credit through short-term bridge loans. This will allow eligible home buyers to access the funds immediately at the closing table.
For indepth information on the First Time Homebuyer credit click here.
Shaun Donovan, secretary of the U.S. Department of Housing and Urban Developed told REALTORS® gathered in Washington, DC last week for the NAR Midyear meetings that the Federal Housing Administration will permit its lenders to allow homeowners to use the $8,000 as a down payment.
Secretary Donovan said that important changes, which NAR has been calling for, will help consumers purchase a home. “We all want to enable FHA consumers to access the home buyer tax credit funds when they close on their home loans so that the cash can be used as a downpayment,” Donovan said. According to Donovan, the FHA’s approved lenders will be permitted to “monetize” the tax credit through short-term bridge loans. This will allow eligible home buyers to access the funds immediately at the closing table.
For indepth information on the First Time Homebuyer credit click here.
Saturday, May 2, 2009
Foreclosure Rescue Scams
Bank Regulators Warn Consumers about Foreclosure Rescue Scams
The Office of the Comptroller of the Currency (OCC, the federal regulator of national banks) and the Office of Thrift Supervision (OTS, the federal regulator of savings associations) have both issued flyers warning consumers about foreclosure rescue scams. Both flyers provide concrete, practical advice on avoiding the kinds of high pressure tactics and abusive practices engaged in by the scammers. Families with equity in their homes are particularly at risk, but anyone paying for these services is likely to be sorry. Free counseling is available from HUD-approved counseling agencies.
Friday, April 3, 2009
Help For Homeowners, Are You Eligible??
Find out if you qualify for help with your mortgage. This is the official website, and it is very easy to navigate. Get the answers that you need now...
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