The median sales price of a single-family home in Bend jumped again in November to $683,000, according to a monthly real estate report. In November 2020, the median price of a single-family home in Bend sold for $540,000, and the same period in 2019, the median price of a single family home was $431,000. Juana […] The post Bend's median single-family home price continues to rise appeared first on Central Oregon Home & Business ..read more

The Biden administration is looking to expand reporting requirements on all-cash real estate deals to help crack down on bad actors’ use of the U.S. market to launder money made through illicit activity. The Treasury Department is expected to seek public comment for a potential regulation that would address what it says is a vulnerability […] The post Treasury wants more reporting of all-cash real estate deals appeared first on Central Oregon Home & Business ..read more

A new Oregon law that bans so-called “love letters,” personal notes from prospective homebuyers to home sellers, has drawn a lawsuit seeking to invalidate it on First Amendment grounds before it takes effect in 2022. The lawsuit filed Friday in U.S. District Court in Portland by the conservative Pacific Legal Foundation says the Oregon Legislature […] The post Bend realty business sues to block homebuyer 'love-letter' law appeared first on Central Oregon Home & Business ..read more

Sales of previously occupied U.S. homes ticked higher in October, marking their strongest annual pace since January even as competition for relatively few properties on the market pushed prices higher. Existing homes sales rose 0.8% last month from September to a seasonally-adjusted annual rate of 6.34 million units, the National Association of Realtors said Monday. […] The post Existing-home sales rose in October appeared first on Central Oregon Home & Business ..read more

From June to September, Zillow snapped up homes in Multnomah County at a remarkable rate, buying an average of one a day. Then in October, the Seattle-based real estate company suddenly announced it would stop buying new homes and close Zillow Offers, its relatively new house-flipping arm. Now the company is left with a portfolio […] The post Zillow ended house flipping, but it owns over 100 Portland homes appeared first on Central Oregon Home & Business ..read more

Construction of new homes in the U.S. fell 0.7% in October, but a big jump in the number of permits last month suggests that could be changing. Single-family home starts fell 3.9% from September to October and are down more than 10% from last year. Apartment construction has helped offset some of those declines, with […] The post U.S. new home construction dips appeared first on Central Oregon Home & Business ..read more

The price of a single-family home stabilized in September in Bend and Redmond, according to the Beacon Report on home sales data. For the past six months, the median sales price of a single-family home in Bend was about $650,000, according to the monthly report from Beacon Appraisal Group of Redmond. A year ago, during […] The post Single-family home prices stabilize in Bend, Redmond appeared first on Central Oregon Home & Business ..read more

Sales of new homes jumped 14% in September to the fastest pace in six months as strong demand helped offset rising prices. The Commerce Department reported Tuesday that sales of new single-family homes rose to a seasonally adjusted annual rate of 800,000 units last month which was well above what economists had been expecting. However, […] The post New home sales jumped 14% in September appeared first on Central Oregon Home & Business ..read more

Sales of previously occupied U.S. homes bounced back in September to their strongest pace since January as mortgage rates tick higher, motivating buyers to get off the sidelines. The National Association of Realtors said Thursday that existing homes sales rose 7% compared with August to a seasonally-adjusted annual rate of 6.29 million units. That was […] The post Existing home sales surge as interest rates point higher appeared first on Central Oregon Home & Business ..read more

U.S. home construction fell 1.6% in September as builders continue to be tripped up by supply chain bottlenecks. The Commerce Department reported Tuesday that the decline in September left home construction at a seasonally adjusted annual rate of 1.56 million units, 7.4% above the rate one year ago. August’s number was revised upward to 1.72 […] The post US home construction declines appeared first on Central Oregon Home & Business ..read more