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Bend, OR Real Estate News

By Keller Williams, Central Oregon Realty
(Keller Williams Central Oregon Realty)
Searching for Foreclosure Properties Foreclosures are a hot topic. If you work with buyers, you have probably been asked about foreclosure searches. KW.com has a foreclosure search - powered by the RealtyTrac database of more than 1 million foreclosure properties.   Learn how to leverage this new resource as a lead generator in this week's Tech Tip!
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By Dave Woodland, Your Bend, OR Friendly, Knowledgable Mortgage Professional
(Signet Mortgage)
(originally sent to subscribers on June 15, you can subscribe too by emailing dave@signetmortgage.com) Home loan rates have been the subject of much consternation in Washington, D.C. these past 3 weeks.  There is serious concern that the rate rise we have just experienced may derail the recovery people have been feeling, and been starting to see as more than just “green shoots” but real growth.  Has it been a false start?  I know here in Central OR, our green plant shoots had some serious late-May freeze that false-started them off the charts and we had to start over with greenhouse grown plants from the local nursery.  The stock market has spent these last two weeks bumping heads against its 200 day moving average and a 944 ceiling on the S&P that has been tough to crack.  Let’s take a...
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By Dave Woodland, Your Bend, OR Friendly, Knowledgable Mortgage Professional
(Signet Mortgage)
(Originally sent to subscribers on June 8th - Subscribe by emailing dave@signetmortgage.com) Good Morning! Mortgage Backed Securities (MBS) have had a miserable 2 weeks of sell off.  A combination of inflation scare, over-abundance of available debt securities and improving stock market have taken MBS and the related yields and available market interest rates the wrong way.  Take a look at the chart below at the long, and sometimes steep drop we have experienced in the price of MBS.  As bond prices drop, yields/interest rates rise.     What happened to the steady rates in the 4’s?  Through May 21st, we had 3 straight months of steady rates.  For the price of an origination fee we could get your conforming primary residence mortgage near 4.5% for 3 months.  In fact, looking at the Freddi...
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By Dave Woodland, Your Bend, OR Friendly, Knowledgable Mortgage Professional
(Signet Mortgage)
(Originally sent to subscribers on June 1st - Subscribe by emailing dave@signetmortgage.com) Good Morning and welcome to June! This morning’s news includes another large dose of car talk.  The bankruptcy filing of once-king General Motors has finally happened and the path is cleared for a very swift flow through the bk court with taxpayers, you and I ending up with 70% ownership, the unions (a large creditor) receiving 20% and bondholders settling for 10%.  Current shareholders will receive nothing and the stock moves off of the NYSE and out of the DJIA.  They along with CITI are being replaced by CISCO and Travelers onto the Industrial 30 list.  The other big news is that the bankruptcy court for Chrysler has approved the sale of most of its assets to Fiat.  When we were growing up Fia...
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By Dave Woodland, Your Bend, OR Friendly, Knowledgable Mortgage Professional
(Signet Mortgage)
(Originally sent to subscribers on May 25th - Subscribe by emailing dave@signetmortgage.com) Best Wishes on this Memorial Day! I had the opportunity yesterday to reflect on two servicemen from one family who gave their lives in World War II battles at Normandy, France and Corregidor, Philippines.  I honor and respect our servicemen who serve me and all of our country this day and pray they remain out of harms way. There were some very moving events this past week and as a holiday issue of the weekly, it may appear slightly different from our normal weekly newsletter.  I think you’ll appreciate the visual comparisons below that help put into perspective the magnitude of one million vs. one trillion.  Please also enjoy some insight delivered by two highly successful CEOs at recent Chamber...
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By Dave Woodland, Your Bend, OR Friendly, Knowledgable Mortgage Professional
(Signet Mortgage)
(This post was originally mailed to subscribers on May 18th.  If you wish to subscribe, email me!) Looks like summer has finally arrived here in Bend and we missed spring.  Maybe those 3 rainy days were our spring? Check the last section below for some summer tips for your home.  It was also a sunny week in the Mortgage Backed Securities (MBS) Market.  Unfortunately, much of that came at the expense of the stock market stalling.  Many stock market watchers have been calling a correction, whether it is just letting steam off from the torrent rise since March or the continuing/final legs of the bear market that needs to finish off before a true bull market rally can take off.  I read that the 4 worst years in the stock market were 2008, 1937, 1974, and 2002. In the year immediately follow...
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By Lisa Broadwater, GRI, CDPE - Bend, Sisters, Tumalo, Redmond
(Cascade Sotheby's International Realty)
Like last month, the number of Active Residential with Acreage listings in Tumalo was down slightly and sales activity was up a bit -- both positive indicators for an improving market. However, the inventory, currently at a 33-month supply, still has a long way to go before the market achieves any kind of balance. Meanwhile, 33 of the 88 Active listings are still at or above $1 million, and the average days on market in that price bracket is a daunting 286. On a more positive note, there was increase in the number of sales (contingent, pending and closed) above $500,000, which have been scarce so far this year. As a horse-property specialist, Tumalo has always been of particular interest to me because that's where you'll find many of the most desirable horse properties in Central Oregon...
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By Keller Williams, Central Oregon Realty
(Keller Williams Central Oregon Realty)
Keller Williams outperforms ... again Top industry reports shows significant gains Each year, two of the real estate industry's journalistic heavyweights pull together the top performing brokers in the industry based on transaction sales and sales volume and present their findings in the RISMedia Power Broker Report and the REAL Trends 500 report. This year, Keller Williams Realty had more brokerages on the lists than any other real estate franchise!   - For the second year in a row, Keller Williams ruled the RISMedia Power Broker Report with the largest number of brokers on the list - accounting for 35 percent of all the brokerages listed - 57 percent higher than any other real estate company.   - On the REAL Trends 500 report, 143 Keller Williams franchises made the cut, representing...
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By Keller Williams, Central Oregon Realty
(Keller Williams Central Oregon Realty)
Agents Click Here to get a Free Pass to Check Out This Great Opportunity. Keller Williams® is built by agents and for the agents. Keller Williams® Realty is the 3rd largest real estate company in the USA with 692 market centers and over 73,000 agents.  Keller Williams® treats the agents as partners and paid out $52,627,682 in profit sharing in 2008 alone.  Opportunity is knocking and it's time to guarantee your success as agents. Keller Williams® agents have 24 hour access to the very finest streaming video and audio real estate trainingand information to keep updated with current industry trends for our clients benefit.  Check it out at  Keller Williams® University  and KW Connect.  Our online support is also world class eagency.com. Real Estate Agents, check out "Agent Mountain" to l...
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By Keller Williams, Central Oregon Realty
(Keller Williams Central Oregon Realty)
Property search now available on kwcommercial.com! KW Commercial members' listings are now on kwcommercial.com! Through the KW Commercial Listing System (KWCLS) and Catylist, visitors to the Website can easily search KW Commercial listing once they have been entered into the KWCLS.   If you are a Keller Williams associate currently handling commercial transactions, this is a great opportunity to save time and focus your marketing efforts by joining KW Commercial. Click here to join!
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By Keller Williams, Central Oregon Realty
(Keller Williams Central Oregon Realty)
Keller Williams Realty Brokerages Dominate Annual Industry Surveys3rd largest company in U.S. the only major franchise to show growth     AUSTIN, TEXAS (May 19, 2009) -According to two of the industry's most comprehensive annual surveys, Keller Williams Realty brokerages continue to defy the pervasive downturn in the industry by growing and expanding.   RISMedia's Power Broker Report and REAL Trends'  REAL Trends 500 rank the largest residential real estate brokerages in the U.S. based on transaction sides and sales volume. This year, Keller Williams Realty had more brokerages on both lists than any other real estate brand.   In the REAL Trends 500 report, Keller Williams Realty dominated, with its offices comprising more than a quarter of the entire list. Of all the major brands repres...
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By Cheri Smith
(Total Property Resources)
I would like to thank all of you that actually read my blog and website for these statistics. I received several emails from people wondering when the statistics would be available. Sorry for the delay. Between weddings, work, and training for the Pole Pedal Paddle (my team took 3rd!) I've been busy, but here they are. April 2009 Real Estate Statistics I'm seeing two distinct real estate markets in Bend. One is the foreclosure market, the other is everything else. I'm working with a few buyers right now that are interested in purchasing bank owned homes and I can't tell you how many times we've run into multiple offers on homes they were interested in. There was a home in The Parks at Broken Top that was listed in the morning and by the afternoon they had 7 offers. It was listed at $270...
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By Lisa Broadwater, GRI, CDPE - Bend, Sisters, Tumalo, Redmond
(Cascade Sotheby's International Realty)
There were a few encouraging signs in Tumalo this month: The number of Active listings was down slightly, sales activity was up slightly and the inventory was down from a 36-month supply in March to a still-daunting 32-month supply. Also, although there are still 33 listings at or above $1 million, the most popular price point for Active listings dropped significantly to $650,000-$699,999, with 10 listings, compared to seven listings at $1,000,000-$1,249,999 and seven listings at $1,250,000-$1,499,999. As a horse-property specialist, Tumalo has always been of particular interest to me because that's where you'll find many of the most desirable horse properties in Central Oregon. Because its boundaries are up to interpretation, please consider the following statistics a general barometer...
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By Dave Woodland, Your Bend, OR Friendly, Knowledgable Mortgage Professional
(Signet Mortgage)
(Originally sent to subscribers on May 11th - Subscribe by emailing dave@signetmortgage.com) We continue to see the “green shoots” of a turnaround that have driven a stock market rally since March.  And the nation’s biggest banks appear to be standing up under “The stress tests”.  But what does it mean?  Let’s look at a few economic data points.   The jobs report came out on Friday and surprised some with a 539,000 loss number, better than the 610,000 expected. This is on the heels of 4 months that averaged over 700,000 losses per month.  There have been over 6,000,000 jobs lost to date and the projection is to reach over 8,000,000 before this is over.  Currently we are at an 8.9% unemployment rate, but when underemployment or undesired partial employment is added in, this number is now...
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By Dave Woodland, Your Bend, OR Friendly, Knowledgable Mortgage Professional
(Signet Mortgage)
 (E mailed to subscribers on May 4th - become a subscriber by emailing me at dave@signetmortgage.com) Bonds and interest rates are improving again today in spite of a stock market surge.  Since the H1N1 flu scare hit the market early last week, stocks have been on a tear starting Weds and carrying on into today with the DOW up 150 and the S&P piercing through an important threshold of 875 now hovering at 893.  Warren Buffett and co held the annual Berkshire Hathaway shareholder meeting over the weekend and there continues to be a general optimism about stocks.  Remember that stocks are a good 6 months ahead of the general economy.  The other generality floating about the stock market is that this is likely still a bear market rally and it will slide at least 5% at some point before conv...
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By Dave Woodland, Your Bend, OR Friendly, Knowledgable Mortgage Professional
(Signet Mortgage)
(Sent to subscribers on Apr 27 - email dave@signetmortgage.com to become a subscriber) And it is an historic morning in Detroit as GM makes their big announcement.  Congratulations! You, as an American Taxpayer, are now part of the 89% ownership of GM, along with the UAW.  As a shareholder, you will want to know 2 important facts from the restructuring of our GM: 1st we are now focusing on 4 key brands (Chevy, Cadillac, Buick and GMC) dropping or selling 4 other brands (Pontiac, Saturn, Saab and Hummer.) The second key number is 42% as we drop our dealers from 6,200 to 3,600 –ouch.  This will take up to a year and dealers are just being notified – you have to wonder about smaller market dealers.  But pruning is always necessary to foster healthy growth. Overshadowing the GM announcement...
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By Keller Williams, Central Oregon Realty
(Keller Williams Central Oregon Realty)
Comments from the President Barbara Myers  When we are no longer able to change a situation; we are challenged to change ourselves. ~Victor Frankl T h e r e  a r e  times in life when the market shifts and you have to shift to react. There are other times when you'll simply need to make a shift. As Gary Keller statesin his newest book SHIFT, it's not about the market.....it's about what you do! How we choose to react to this current and ongoing real estate market can make us or break us. There can be a "gift of the shift" and whether we see times as full of difficulty or full or opportunity they will most likely turn out exactly as we see them. When the market turns, it is time to roll up your sleeves and those around you to do the same. It's time to work both smarter and harder. It's t...
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By Keller Williams, Central Oregon Realty
(Keller Williams Central Oregon Realty)
   News you can use for the month of May Did you know: First-time homebuyers account for 53 percent of all transactions? Pending home sales increased for the second month in a row due to near record housing affordability and all-time-low interest rates? The median mortgage payment now consumes 15 percent of family income in comparison to 22 percent of income two years ago?   Learn about all this and more in the This Month in Real Estate PowerPoint Reports and YouTube videos. Make this report more relevant to your clients. Customize it with your market's information and use these tools as part of your lead generation strategy today.
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By Keller Williams, Central Oregon Realty
(Keller Williams Central Oregon Realty)
Buying power First timers fuel increase in sales Last week, the National Associates of REALTORS® reported that the Pending Home Sales Index, a forward looking indicator based on contracts signed in March, was on the rise - up 3.2 percent to 84.6 from a level of 82 in February. What's causing the current upswing? NAR Chief Economist, Lawrence Yun, says that the increase in the number of first-time homebuyers taking advantage of the $8,000 tax credit, historically low interest rates, and general housing affordability has been crucial in the initial turn around in overall sales.   Those numbers are in line with another statistic NAR produced earlier this year: 53.5 percent of home buyers in 2009 will be first timers. Are you taking advantage of the business that's buying? Use the Your Firs...
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By Alisha Alway Braatz
(Remax Integrity)
May 2009 Bend Oregon MLS Real Estate Statistics   Residential Properties (stick-built/ plus acreage)   $50,000-250,000 There are currently 598 homes for sale. An average of 61 homes sell per month. There are approximately 9.8 months of sellers in line to sell. Approximately 10% of sellers are likely to sell in the next 30 days. Average sales price: $178,515 DOM: 183       List to Sale Ratio: 94.71   $251,000-300,000 There are currently 191 homes for sale. An average of 14.3 homes sell per month. There are approximately 13.3 months of sellers in line to sell. Approximately 7.5% of sellers are likely to sell in the next 30 days. Average sales price: $275,000 DOM: 214       List to Sale Ratio: 93.5   $301,000-400,000 There are currently 235 homes for sale. An average of 11.3 homes sell per...
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