Posts with tag 'Redmond Oregon Real Estate'
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12
The Top 2 Reasons To Look at Newly Built Homes
When planning a move, a newly built home might not be the first thing that comes to mind. But with more brand-new homes on the market and builders focusing on smaller, more affordable options, this type of home may just be the key to crossing the homebuying finish line.
Here's why a new build is worth considering – and how a Bend Premier Real Estate Broker can help you find one that meets your needs and your budget.
1. More Newly Built Homes Are Available Right Now
First, let's break dow...
20
What's Behind Today's Mortgage Rate Volatility?
If you've been keeping an eye on mortgage rates lately, you might feel like you're on a roller coaster ride. One day rates are up; the next they dip down a bit. So, what's driving this constant change? Let's dive into just a few of the major reasons why we're seeing so much volatility, and what it means for you.
The Market's Reaction to the Election
A significant factor causing fluctuations in mortgage rates is the general reaction to the political landscape. Election seasons often bring uncertainty to financial markets, and this one is no diff...
18
Don't Let These Two Concerns Hold You Back from Selling Your House
If you're debating whether or not you want to sell right now, it might be because you've got some unanswered questions, like if moving really makes sense in today's market. Maybe you're wondering if it's even a good idea to move right now. Or you're stressed because you think you won't find a house you like.
To put your mind at ease, here's how to tackle these two concerns head-on.
Is It Even a Good Idea To Move Right Now?
If you own a home already, you may have been holding off because you don't want to sell and take on a higher mortgage rate on your
16
Redmond Oregon Real Estate | 3rd Quarter 2024 Trends
Redmond Oregon Home Prices Have Leveled Off
Redmond is a quick 15 minute drive north of Bend and has been a great option for those Central Oregon home buyers who cannot afford Bend, in addition to those who just want to live in a growing community that is supportive of business and family. Unlike other areas of Central Oregon, Redmond has been consistent with its home prices. Few luxury homes are found in Redmond, but rather a more homogeneous housing mix of middle class homes. Redmond home sales for third quarter 2024 reflect this consistency. Looking year over year comparing single family home sales on less than an acre third quarter 2024 with third quarter 2023, the following changes can be seen:
16
The Benefits of Using Your Equity To Make a Bigger Down Payment
Did you know? Homeowners are often able to put more money down when they buy their next home. That's because, once they sell, they can use the equity they have in their current house toward their next down payment. And it's why as home equity reaches a new height, the median down payment has too.
According to the latest data from Redfin, the typical down payment for U.S. homebuyers is $67,500—that's nearly 15% more than last year, and the highest on record (see graph below):
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