Homes Sold June 2013

  Homes Sold are the keywords for our June 2013 Central Oregon sales report.   A quick look at the chart above will tell you that home sales in the last three months have been strong.  Better, in fact, than the previous 12 months.  What you can’t see on the chart is that it has […]

Oregon Supreme Court Rules on MERS Foreclosures

The Oregon Supreme Court ruled earlier this month in two cases that will have a major impact on how foreclosures are handled in Oregon. For decades most foreclosures in Oregon have been handled out of court.  That is, until a couple borrowers questioned whether or not the Mortgage Electronic Registry System (MERS) could legally file […]

Foreclosures are Still a Big Part of the Real Estate Market

Foreclosed homes.  Bank owned homes. Remember them?    They aren’t talked about as much any more but they are still out there and they still have the ability to affect the real estate market.   Search for bank owned homes in Bend, OR       RealtyTrac’s first quarter analysis of foreclosure inventory shows that […]

Homes Sold in January 2013

The million dollar question right now in the Bend real estate market and markets throughout the United States is when will housing inventory bottom out?  We saw prices hit bottom in Central Oregon in February 2011 at $102 per square foot.  Since then prices have steadily climbed to January’s level of $125 per square foot.  Part of the […]

Flipping Houses Is Attractive to Investors Again

We have all watched one of the reality tv shows where someone buys a home then tries to fix it up and sell it as soon as possible for a profit.  It makes for pretty good tv watching.  People struggle to work together under a tight timeline and a tighter budget all in an effort to […]

Oregon Court of Appeals Decision Regarding MERS

In July the Oregon Court of Appeals handed down a decision that could make foreclosures much more difficult, expensive and time consuming for banks and the Mortgage Electronic Registration System (MERS). The case, Niday v. Mortgage Electronic Registration Systems Inc., et al held that MERS, when acting as a nominee for a lender is not a […]

Loan Program for Renovation Purchases

Since 2007 some of the most attractive homes for sale have been bank owned homes.  They are usually heavily discounted compared to other homes for sale but that discount often brings with it a caveat.  Repairs.  It is not uncommon for bank owned homes to need substantial repairs and in many cases those repairs can make it nearly impossible to […]

More Short Sales than Foreclosures in January

For the first time since the real estate market came crashing down there were more short sales in a month than deals on foreclosures.  The most recent data available shows that short sales accounted for 23.9 percent of all sales in January while 19.7 percent of sales were foreclosured homes, according to a Bloomberg article. […]

Homes Sold in March 2012

The big news regarding home sales in Bend and Deschutes County last month is there were no real surprises.  The numbers of homes sold and homes for sale held true to historical form with both moving slightly higher in March. An increase in inventory is welcome news for the beginning of the Spring sales season […]

Homes Sold in February 2012

Deschutes County saw sales of existing homes stay flat in February as illustrated in the chart above.  The number of homes sold (269) was only two more than the revised number for January sales.  This is not unusual as sales activity historically doesn’t start to pick up until March. The number of homes for sale continued it’s […]