Encouraging Numbers for Investors

Following up on a post last week about investors buying more homes.  Freddie Mac issued a press release October 17th that lends some numerical evidence as to why investors are buying more homes.  In that release they refer to Census Bureau numbers reporting a net increase of 1.4 million households that moved into rental housing over […]

Investors Are Buying More Homes

I have been saying for months, now is the time for investors to be buying homes.  Now we are seeing evidence that they are doing just that.  I would like to say that it’s because they are listening to me but I don’t have that much influence nationally.  The National Association of Realtors is reporting that […]

Great Vacation Rental Just South of Sunriver Resort

  We just added a great vacation rental this week that is just a few miles south of Sunriver Resort.  Don’t fight the crowds and high rental prices in Sunriver this winter season.  You will be hard pressed to find a house this nice that is still available for the holidays and at this price ($125/night) I […]

WSJ: It’s Time to Buy

I found an article in the Wall Street Journal this weekend that supports what I have been saying for a few months:  Now is the time to buy homes.  This article supports its claims with two main points:  1.)  The ratio of home prices to yearly rents has almost returned to pre-bubble levels.  2.)  Homes are […]

Are REITs a Good Deal?

Real Estate Investment Trusts are a hot item on Wall Street these days.  REITs are publicly traded companies that own and operate property including apartments, offices, retail, self-storage facilities and hotels.  Citigroup Global Markets, a division of Citigroup, Inc., reported in September that investments in REITs have reached a record $96 billion.  The previous high was […]

Mortgage Rates Below 4%

   Bloomberg is reporting the average rate for a 30 year mortgage has dropped below 4%. That is the lowest rate ever recorded by Freddie Mac whose records date back to 1971. I can remember thinking back in the late 90’s and early 2000’s when I was a loan officer that anything below 6% was amazing. […]

More Evidence of Strong Tourism in Bend

On August 24th I posted that Strong Tourism Helps Bend Vacation Rentals.  Yesterday KTVZ ran a story about how Bend is expected to do see a large number of tourists this weekend while the nation as a whole is expected to see a drop in travel for the holiday.  This Labor Day weekend there are two […]

Strong Tourism in Bend Helps Vacation Rentals

  Despite the bad economy, Doug LaPlace the president and CEO of Visit Bend says in an interview with KBNW News that tourism is alive and well in Bend and Central Oregon.  LaPlace says that transient room tax collections have increased for 20 consecutive months when compared with the previous year.  He also says that some months […]

Home Ownership Declining

I mentioned in a previous post that now is a great time to own a rental.  The demand for rental homes has been rising because so many people have lost their homes to foreclosure, lost their jobs, and/or are having a tough time qualifying for a mortgage because of the more strict underwriting standards.  On July 29th […]

What will $100,000 buy? Bend vs. Redmond

A number of my posts lately have focused on how now is a good time to buy a rental home in Central Oregon.  Two big reasons to think about owning a rental right now are that prices are low and the demand for rentals is high.  But where should you buy?  In Bend or Redmond?  […]