OREGON 6th most UNAFFORDABLE STATE - Bend Oregon Real Estate Market update

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3 ай бұрын

Oregon 6th most UNAFFORDABLE STATE - Bend Oregon Real Estate Market update
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Пікірлер: 4

@beau4526 3 ай бұрын

Absolutely going up. 710k price is based off December 2023 and January 2024 contracts. If DOM almost was cut in half in a month guess what...up up up.

@NoraLovesBendHomes 3 ай бұрын

YES! the $710k is the median price of SF homes CLOSED in February, probably went PENDING in December or January. That's why I like to look at current PENDING info, although we can't know the final price until the close🙁 Thanks for watching!

@jamesandersonwalsh 3 ай бұрын

I think it’s wishful thinking to suggest interest rates will drop this year. Consider this, if inflation does get to 2% this summer, why would the fed want to suddenly decrease rates in response to that? In that scenario they risk inflation coming right back up. My guess is Jermone Powell will want to see inflation stay at 2% for quite some time and even then will likely keep rates steady rather than risk a reversal on inflation.

@NoraLovesBendHomes 3 ай бұрын

Hi @jamesandersonwalsh Thanks for watching! Yes, it's true, the Fed is being patient before lowering the Fed funds rate, but if you watch this video....kzfaq.info/get/bejne/iLCihJab1Zuckp8.htmlsi=Wkop1gg4zm5WG8xD You'll see that it's still LIKELY that they will cut the Fed funds rate sometime this year IF INFLATION stays low and they believe it will eventually reach the targeted 2%. Nothing is for sure and I don't pretend to be a finance expert. I hope Mortgage rates go down this year or at least early next year because it will make buying a home more affordable🏡 Thanks again for watching!