Deb Tebbs Group

Cascade Sotheby's International Realty

Monthly Archives: November 2016

3 Reasons To Buy Bend Oregon Real Estate After The Start Of The New Year

Bend Oregon Real Estate

 

 

By The Deb Tebbs Group

BEND, Ore. – Are you planning on buying Bend Oregon Real Estate next year but can’t decide if you should buy a home after the start of next year or wait until the spring?

Although many people will typically wait until spring or summer to buy a home, you should buy a home after the first of next year for these 3 reasons.

#1 – Mortgage Interest Rates Are Increasing

Right now we still continue to have historically low mortgage interest rates but that could change in 2017 as many people, including President-Elect Donald Trump, are calling for the Federal Reserve to raise interest rates. If you want to save potentially hundreds of dollars per month off your mortgage payment you should get pre-approved for a mortgage loan soon, and buy a home no later than after the first of next year to avoid paying a higher mortgage after a rate increase.

#2 – A New President Of The United States

Under President Obama, we’ve enjoyed a remarkable period of sustained growth in the Real Estate market but that could change in 2017 as Trump has made his feelings clear about reforming the tax code, Dodd-Frank Act and possibly FHA mortgage loans. These are all ample reasons why any buyer who has a stable job and has saved money for a down payment on a home should buy a home after the start of next year before changes to the Real Estate market could make buying a home unaffordable for them.

#3 – New Homes Available

Thanks to the growth of the Real Estate market we have many new homes available in Bend and communities across Central Oregon like Sunriver, Redmond, and Prineville so if you like the idea of buying a brand new home that’s move in ready, and won’t need any work, now is the right time for you to buy a home in Bend Oregon.

Besides the reasons why you should buy a home after the start of the New Year, you should also seriously consider buying a home if you’re renting because, rents are only going to continue increasing in 2017 and it’s possible that you could see an increase of 2% or more but, you can finally end the “see-saw” ride of renting when you purchase Bend Oregon Real estate.

Learn More

To learn more about why you should buy a home after the start of the year, or to view homes for sale in Bend, contact the Deb Tebbs Group today by calling us at (541) 323-4823 or click here to connect with us online.

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How Will A Trump Presidency Affect The Real Estate Market?

House-For-Sale

By The Deb Tebbs Group

BEND, Ore. – It’s been one week since the world learned that Donald Trump will be elected the 45th President of the United States and now that the fears of how a Trump Presidency will affect the stock market have died down most people want to know how his presidency will affect the Real Estate market.

Mortgage Interest Rates

As we get closer to the end of the year it’s likely that we won’t see any changes in interest rates since Federal Reserve Chair Woman Janet Yellen has been hesitant to raise rates.

Come 2017 however interest rates could change since Donald Trump has been critical of the Fed’s policies, but in reality, only time will tell if there’s going to be a significant rate increase or not since the health of the economy is tied to the Real Estate Market.

Home Prices

In Bend, the median home price right now is $355,200 and we can expect home prices to continue rising through 2017 thanks to a strong economy in Central Oregon, especially in construction and the tech markets, which have brought more jobs to the area in the last two years.

Nationwide the median home value is $189,400 (Source – Zillow) and home prices are predicted to increase by another 2.9% next year.

What Are The Coming Changes To The Real Estate Market?

During the 1 ½ years that he spent campaigning, Donald Trump advocated making major changes to the U.S. Financial system including simplifying the tax code and eliminating the Dodd-Frank Act, and these changes could help home buyers, but until he’s elected President of the United States we can only wait to see what his focus will be during the first year of his presidency.

Search for Homes in Bend Oregon

To get started with searching for a home in Bend Oregon contact the Deb Tebbs Group today by calling us at (541) 323-4823 or click here to connect with us online.

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