Low Interest Rates
Interest rates are currently below 4 percent, which means affordability is very high right now. While this is great for first time home buyers, this is also a great time for current home owners to consider refinancing their homes. Refinancing is especially a great idea for home owners with interest rates higher than 4 percent and if you are planning on being in your house for more than 5 years.
For more info on current interest rates in your area click here
Marketing & Technology
Although using the internet for buying a home has always been useful, it is now practically necessary. Every day new marketing tools are being created in the real estate world to help the home buying and selling process. With heavy and extreme marketing tactics, your home can now be broadcasted on every social media and real estate website by your realtor’s marketing team. This is crucial in getting your home sold as fast as possible.
Prices are Starting to Rise
Last year home prices were so low that people basically got their first year of ownership for free. This year is very similar to last except that we are starting to see an increase in home prices. Which means right now might be your best time in a long time to start looking at what’s on the market.
To find out about Bend home prices and values click here
Jobs are up
In the last year, 2.65 million new jobs were created and each year we see job rates rise about 1.88 percent. This is important to consumers in many ways, especially in Central Oregon. People are feeling really great about the future right now and jobs play a huge part in that.
Whether you’re staying or selling, knowing the value of your home can be very beneficial. You might be selling your home, refinancing, making improvements, or getting a line of credit, you should always be-in-the-know.
If you’ve been thinking of doing any of those things with your home, we purchased access to an up-to-date Central Oregon home sales estimator tool that tells you what price your home will sell for based on neighborhood sales data.