Lending Update: Loan Limits Increased for 2018

Lending Update: Loan Limits Increased for 2018

In response to rising home prices across the nation, the Federal Housing Finance Agency has increased Fannie Mae and Freddie Mac’s conforming loan limits for the second year in a row. In most communities in the U.S., the new loan limit for one-unit properties...
3rd Quarter Market Statistics for Central Oregon

3rd Quarter Market Statistics for Central Oregon

During the third quarter of 2017, real estate prices in Central Oregon continued to rise. While a few markets saw a decrease from the second quarter to the third (the median sales price for Single Family Homes on less than an acre in Sunriver, for example, was down...
Vacation Rentals Under Review in Sisters

Vacation Rentals Under Review in Sisters

  Folks who are considering investing in a vacation-rental property in Sisters, take note: At the request of the Sisters City Council, the Sisters Planning Commission is reviewing code affecting vacation rentals. There are currently 39 permitted vacation rentals...
Central Oregon Stats-at-a-Glance for April 2017

Central Oregon Stats-at-a-Glance for April 2017

In April, the winter-weather slowdown in Central Oregon made way for spring selling activity. According to the May Beacon Report, Bend had 220 Single-Family Residential (SFR) sales last month compared to 170 sales in March, an increase of almost 30 percent. Redmond...
1st Quarter Market Statistics for Central Oregon

1st Quarter Market Statistics for Central Oregon

During the first quarter of 2017, it was more of the same, when it came to real estate sales activity in Central Oregon. And by “more,” of course, I mean less. Well, fewer, actually — as in listings and in sales. By now, it’s no surprise to...
Central Oregon Stats-at-a-Glance for March 2017

Central Oregon Stats-at-a-Glance for March 2017

In February, Sisters saw a notable drop in home prices from the previous month, according to the March Beacon Report. The median price of a single-family home in Sisters decreased more than 19 percent in February – down from $381,000 in January to $308,000 (and down...