The Bend Oregon Real Estate Blog ~ Learn about Homes For Sale in Bend, OR. Here!

Bend Developer Moving Forward With Master Plan in NW Crossing

NW Crossing to add 650 homes, cottages, and apartments - bend, Oregon

Northwest Crossing

Bend Bulletin

Two master plans that could eventually add 1,750 units of housing to the city of Bend will debut to the public this year.

First up is Discovery West, which Brooks Resources will present to the Bend Planning Commission on Monday evening.

The master plan calls for 650 single-family homes, townhouses, cottages and apartments or condominiums on 245 acres west of NorthWest Crossing.

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Oregon Rent Control Senate Bill 608 Explained

OREGON RENT CONTROL SENATE BILL 608 

Eviction Standards
Eliminates no-cause eviction standard after the first year of occupancy.

o Landlords can continue to evict for a tenant-based cause (current law – i.e., non-payment, violation of
the rental agreement, outrageous conduct, etc.).
• Adds new landlord-based for-cause reasons to evict a tenant:
o Sale to a person who will move in;
o Landlord or family member move-in;
o Significant repair or renovation of the unit;
o Removal of the unit from residential use.
• If landlord uses one of these four landlord-based reasons, they must provide the tenant with 90-day notice and
relocation expenses in the amount of 1 month’s rent.
Exceptions
• Small landlords...

Oregon Statewide Rent Control first in Nation

Oregon Rent control law signed, takes effect immediately.

By Sarah Zimmerman, The Associated Press

SALEM — Gov. Kate Brown signed the nation’s first statewide mandatory rent control measure Thursday, giving a victory to housing advocates who say spiraling rent costs in the economically booming state have fueled widespread homelessness and housing insecurity.

Brown said the legislation will provide “some immediate relief to Oregonians struggling to keep up with rising rents and a tight rental market.”

Landlords are now limited to increases that cannot exceed 7 percent plus inflation, and can only raise rents annually.

The law prohibits them serving no-cause evictions after a tenant’s first year of occupancy, a provision designed to protect those who are living...

Federal Opportunity Zones

Are Opportunity Zone Funds Right For My Real Estate Investment Portfolio?

Post written by: Drew Dolan - Forbes Council

The Opportunity Zone (OZ) tax incentive has now been widely written about, and experts predict that $100 billion will flow into Opportunity Zones this year. Real estate developers should be evaluating each land purchase and each deal to make sure that any government incentive available supports the bottom line of their investments. The new Opportunity Zone incentive affects a handful of projects...

Shortage Of Homes to Buy May Last Another Year

Shortage of Homes For Sale to Continue Across Nation

MSN.com The real-estate story used to be all about prices, most recently, "When will prices stop falling and when will they rise again?"

Now the story is about inventory: When will more homes come to market, at least enough to meet the buyer demand? At least one economist is predicting that the "inventory bottom" could be a year away.

With so few homes for sale in many areas, real-estate agents have found that aspects of the bubble are back: multiple offers, sellers who will accept only cash and homes selling for more than asking price.

The boogeyman of the shadow inventory turned out to be much less than feared. Instead of the market being flooded with low-priced foreclosures, it has seen few homes for sale at all. The number of homes listed for sale was...

Luxury Home sales soar...

Sales of luxury homes spiked in the final months of 2012 as high-end homeowners rushed to take advantage of lower tax rates before January 1.

Note: The real estate recovery continues to pick up speed, not just in Bend, OR but across the nation. If you would like to discuss the local bend real estate market, Please call Greg Broderick, Broker at (541)280-2363

(CNN Money) Many sellers wanted to cash in on their homes before a widely expected capital gains hike -- to 20% from 15% -- that was part of the fiscal cliff budget deal. High-income earners (singles with income of $200,000 or more and couples making more than $250,000) also wanted to close sales ahead of a 3.8% Medicare surtax on investment income that was already slated to go into effect this year as part of the Affordable Care Act.

All told, a high-earner would pay $88,000 less in taxes if they made a $1 million profit on their home in 2012 rather than in 2013.

That considerable tax savings motivated many wealthy...

New Homes Sales Surge

Median sales price up 11.7% Nationwide

 

Marketwatch Sales of new single-family homes in the U.S. rose 5.7% in September to a seasonally adjusted annual rate of 389,000, the highest pace since April 2010, when the first-time homebuyer tax credit was initially due to expire, the Commerce Department said.

“Though the level of new-home sales remains very low, this report adds to the evidence of housing market recovery,” said analysts at RDQ Economics.

The government revised down the sales pace in August to 368,000 from a prior estimate of 373,000.

Economists surveyed by MarketWatch had expected new-home sales in September to rise to an annual rate of 387,000, given recent gains in other housing-market data, such as confidence among home builders,...

The Bratton Report - Bend, Oregon

 

Just in... The Bratton Report for Central Oregon

October 2012. View the latest market update on the Central Oregon real estate market here on http://www.BendRealEstate.com . Click on link below to learn more about the local homes for sale and homes sold trend, while viewing charts, graphs & statistics on what is happening in todays everchanging Bend Real Estate landscape. through September of 2012. (Hint, It's all good news for local property owners).

Have a question on the data? We know Bend Real Estate! Call (541)280-2363 or email greg@BendRealEstate.com to ask a local expert about a home purchase or sale in Deschutes County. The Hasson Company Realtors and Greg Broderick, the Sign of Experience. ...

Listings of Homes For Sale Drop, As Housing Market Recovers

 

Housing Inventory Down...

The number of homes listed for sale in the U.S. fell 18 percent last month from a year earlier, and the time they stayed on the market dropped 11 percent, signs of a strengthening housing market, according to Realtor.com data. You can watch a video about the recovery here

There were 1.8 million homes for sale in September, down from 2.2 million a year earlier and more than 40 percent below the September 2007 peak of 3.1 million, according to the National Association of Realtors’ website. Properties on the market last month had been listed for an average of 95 days, down from 107 days a year earlier, Realtor.com said today.

"The real estate recovery is well on its way in Bend, Oregon. The home buyers who have sat on the...

Your Bend Home For Sale - Does it need a white picket fence?

Great First Impressions. Your Homes Curb Appeal.

Many of us grew up hoping we'd one day own the perfect American suburban dream, a home with a white picket fence. And, there is a certain charm and warmth that comes with a house lined with pickets. However, when you look at fencing today and the options available for your home, there is a lot more to choose from and so you can and should shop around! First of all your fencing should be determined by your lifestyle needs and surrounding area. Are you located on a sprawling ranch or nestled between lofts in the city? Your fencing may need to be dictated by those factors, in part. Do you have a need to keep animals in or out? If so, special electric dog fencing, a solid wall or deer fencing may be essential for your home. You can learn more about selling your home by increasing your curb appeal ...