Today's MLS meeting had 12 new listings to tour today and 2 are really good buys though pricey they are

 one is on the River on 2 tax lots, gated and the other lot is buildable! for $2.2 m

another on the River near this one in Magill Landing is priced at $1,875,000 built in2000

Another is a lodge-like realtor-owned property on an ideal lot up on Starview with almost 4800sf

built by Pinnacle Construction and Development in2015

Another is a very custom stunning contemporary in Nw Xing built by Structure Development NW

and a handful are affordably priced, traditional style but may need some updating.  Call me if you're 

shopping.  Don't have time to look?  I can video for you and you can view from your home. 541-771-8947

Bend's Best Buys may be these new townhomes in Discovery West. Lots of square footage and car storage :)

Want to move here but not able to get here to view properties? I have offered for years to video properties you are interested in!

 I learned how important this is when I had buyers in Michigan with young children that couldn't physically get here to view all the properties and there were about 6 (?) they were very interested in.  YES there are virtual tours downloaded on websites for listings however they are taken from the viewpoint of the Seller's agent and may NOT show some of the derogatory aspects of the home, property, access or neighborhood.  Facetime is workable but sometimes ill-timed.  I've used Utube and sometimes just send it via email so you can view it when you have the time.  Call me if you're shopping!  541-771-8947  and btw, YES.  They did purchase one of those homes I recorded with my camera phone and they're still there :)

Today's MLS Meeting has some of the brokers asking for wants and needs like this one Buyer need:

 Saddleback preferably a fixxer;

VA Buyer coming in tomorrow with the family up to $750,000 but want under $650,000 for modest home on big lot like in Nottingham Square but with NO Hoas.  Wants se Bend or Westside.

New listing available under $500k in se Bend on Mt. Hope is clean, painted and ready to go.

Golfing community Widge Creek has large beautiful home with an assumable loan at 2.875 %.

Call me if you're shopping.  Let me be your buying broker 541-771-8947  Hire the Name with Experience

According to Bill Smead on Yahoo Finance this week.....

 The 2 largest market share building companies in the country are Lennar and DR Horton (not in that order);  as I keep saying:  newbuilds are probably a good buy right now as they have lots and inventory on the books and want to get them off the books.  Call me for your negotiator for savvy and knowledgeable (in the know) buying power.  541-771-8947

Today's MLS meeting features 20 homes on Tour and 4 great buys under $600,000 !

 Builder's Broker says his client wants some of the finished new homes on the market "OFF THE BOOKS before the end of the year."  so......super motivation there.

High end homes on Awbrey are still selling quickly!

Several of the brokers are saying their clients are "VERY MOTIVATED!"  Call me to see which ones

541-771-8947

Market Update on a positive note....(from local lender Derek Bickel)

 

1. Bonus Depreciation

The One Big Beautiful Bill makes permanent the 100% bonus depreciation provision that was set to phase down to just 20% next year under the TCJA (Tax Cut and Jobs Act). An investor buying a $500,000 home at a high tax rate might have saved $15,750 on state and federal taxes next year. But that same investor will now save $78,750! This will bid up the multifamily, SFR rental, and STR markets, and simultaneously put pressure on our owner-occupied and second home inventory.

 

2. Interest Rates

The labor market is deteriorating, giving the Fed the room they need to lower interest rates this month and continue with a downward course for the foreseeable future. Remember, mortgage rates lead market expectations of Fed policy. As of today we’re at THE LOWEST MORTGAGE RATES SEEN SINCE SEPTEMBER 2024. But even that doesn’t explain it. A little more and they’ll be at THE LOWEST MORTGAGE RATES SINCE SEPTEMBER 2022. Think about that, we’re about to break the rate barrier we’ve been stuck at for 3 damn years.

 

3. Timing

And this leads me to my third point: Timing. We have three years of homeowners ready to refinance, and when they do they’ll lower their payments and pull funds for deferred projects and dreams. Many will skip refinancing and get into the house that fits their current situation, not their covid situation. The pent-up demand is real, and the golden handcuffs are loosening.