Good Rate on Bend Homes
Mortgage interest rates bumped up a little last week but have remained below 5% for the last two months. Interest rates below 5% are outstanding and will head back up at the first sign of a recovery.
That recovery may be happening right now. Sales of homes in Bend rose 17.2% this past April as compared to the same month last year. The number of Bend Oregon Bank Foreclosures for sale in Bend has fallen 30.6% in the last 30 days. The current number of bank owned homes for sale in Bend is now 88 vs. 115 this time last month.
There are many signs pointing to the possibility that the bottom of the Bend Oregon real estate market may soon be here. You never know for sure until after prices start to rise. Personally, I wouldn't wait for prices and interest rates to rise. I would be buying right now!
If you’re thinking about buying Bend Oregon real estate you should sign up for Jim’s free New Listing Notification Service or call or e-mail today. Jim Johnson is a Certified Residential Specialist and has been selling quality homes in Bend Oregon since 1981.