Deb Tebbs Group

Cascade Sotheby's International Realty

Need another reason to purchase real estate?

Apartment rents continued to rise. Nationally, rents rose 4.7% in 2011.

Rents are up 7% since hitting a low point in late 2009.

And if you’re in the market for an apartment in 2012, brace yourself: Occupancy will inch higher, and rents are expected to rise another 4.5% this year, according to MPF Research.

Consider purchasing a home, Mortgage Interest Rates Are Low Again and Real Estate Prices Are at a Low.

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Bend, Oregon Market Summary

The median sales price for homes in Bend OR  for Oct 11 to Dec 11 was $189,000. This represents a decline of 2.5%, or $4,886, compared to the prior quarter and an increase of 3.8% compared to the prior year. Sales prices have depreciated 43.6% over the last 5 years in Bend. The average listing price for Bend homes for sale on Trulia was $411,326 for the week ending Jan 11, which represents a decline of 0.6%, or $2,588, compared to the prior week and a decline of 2.3%, or $9,619, compared to the week ending Dec 21. Average price per square foot for Bend OR was $130, an increase of 3.2% compared to the same period last year. Popular neighborhoods in Bend include Aubrey Butte, Summit West, Southwest Bend, River West, Boyd Acres, and Deschutes River Woods.

If you are looking for further information on Central Oregon real estate ask an expert, Deb Tebbs specializes in luxury real estate in Central Oregon and has been a real estate agent for over 20 years!

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Why now is a great time to Invest in Real Estate

We may say that this recent recession caused a real estate mess, however consider this, it also produced plenty of opportunities for those with the financial resources and means to buy real estate.

Mortgage Rates Are Low and are most likely to stay that way (under 5% for a 30-year fixed-rate) throughout the 2012 year.

Real Estate Prices Are Also Low; in many markets, including Central Oregon real estate is much more affordable than it was 5 years ago. Considering that housing is generally your biggest expense, you might want to consider relocating to an area where you can get a nice property for a reasonable price. Considering that Central Oregon has over 300 days of sunshine and is an outdoor enthusiast playground, it is a prime place to call home.

Real Estate is a Great Long-Term Investment
Regardless of the recent predicament; real estate is still a good, long-term investment. If you look back 30 years, real estate is still valued much higher than it was.

If you are thinking about purchasing a home in Central Oregon, it is important to put your trust in a trusted real estate agent who can help you in the ever changing dynamics of the real estate market. They often know when properties are about to go on the market and may have a lead on a short sale property that can be a great buy.

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