on Kearney, one bedroom, one bath
Tuesday, January 30, 2024
Friday, January 26, 2024
NO BEST BUYS in BEND TODAY (in my opinion) :( Along with a jump in the interest rate.....we'll see more and more listings
come to market that were once thought of as a nice long-term investment property.......stay tuned....
Thursday, January 18, 2024
What's expected in rates and pricing for 2024 (though maybe NOT for new builds)....
Mortgage Rates Expected to Dip Below 6 Percent in 2024, Boosting Home Sales
ESR Group’s 2024 Theme: “Housing Seeks Balance Amid Economic Uncertainty”
WASHINGTON, DC – January 18, 2024 – The housing market is expected to begin a gradual return to a more normal balance in 2024, following years of significant oscillations in mortgage rates and divergences of key housing market measures from their historical, pre-pandemic relationships, according to the January 2024 commentary from the Fannie Mae (FNMA/OTCQB) Economic and Strategic Research (ESR) Group. The ESR Group expects mortgage rates to decline in 2024, ending the year below 6 percent. The lower rate environment is expected to boost refinance volumes, which are already on the upswing, as evidenced by the recent uptick in Fannie Mae’s Refinance Application-Level Index , to nearly double their 2023 levels in 2024. Lower rates are also likely to help “thaw” the existing home sales market currently affected by the so-called “lock-in effect.” In fact, the ESR Group expects the annualized pace of existing home sales to move up to 4.5 million units by the fourth quarter of 2024, compared to 3.8 million in Q4 2023. However, a full recovery to the pre-pandemic sales rate is expected to take years, as housing affordability remains stretched extremely thin by historical standards relative to household incomes. The ongoing lack of supply and affordability constraints in the existing homes market are expected to continue to bolster the market for new single-family homes, with 2024 starts and new home sales forecast to top 2023 levels. Overall, though, the ESR Group expects that the slowly normalizing existing homes market, as well as additional housing supply from the construction of new homes, will help keep further home price growth in check in 2024: Home prices are now expected to rise 3.2 percent over the year, compared to 7.1 percent in 2023.
Tuesday, January 16, 2024
Saturday, January 13, 2024
2024 SPECIAL!!! WHY do I offer to provide a Home Warranty Policy when you buy or sell through me?
Because it's just a nice little safety net should something break down during the listing period or after you buy an older home. New homes have an automatic builder warranty for one year and since that isn't the case unless you buy a new home, these Home Owner Warranties go a long way should something mechanical break down after the sale and are good for one year with your option for renewals.
I've had very good outcomes with American Home Shield and Blue Ribbon over the years. There are others out there. If you're interested, let me know and I'll send brochures to you so you can decide which one you want. (Value is worth $450 and paid by me at the time of closing.) 541-330-1700/541-771-8947
Should you stay put or move? Tune in Wednesday Nite Feb. 7th. with Julee Felsman | the Workshop Team | NMLS #120831
Julee Felsman | the Workshop Team | NMLS #120831 (@workshopmortgage) • Instagram photos and videos: 19K Followers, 1,389 Following, 195 Posts - See Instagram photos and videos from Julee Felsman | the Workshop Team | NMLS #120831 (@workshopmortgage)
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