Pick of the Week!
Tollgate, Sisters, OR - 69322 Hackamore
$640,000
Remodeled home in Tollgate. The backyard backs to National Forest Service land and is fenced, landscaped, with a patio and a storage shed that has a brand new deck. The Tollgate subdivision offers access to community amenities such as a pool, a clubhouse, pickleball & tennis courts, a playground, and miles of walking trails. Deschutes County & Tollgate subdivision allow STR (short term vacation rentals, VRBO, Airbnb). This home is immaculate and MOVE-IN ready.
Typically the Fall market is when we see listing inventory start to dwindle, as Sellers decide between pushing forward for a sale or waiting to re-list their home in the Spring. This typically happens between October/November once the colder weather hits our area. The biggest hurdle for buyers, of course still remains interest rates and finding creative solutions to making their payments manageable. I have seen a huge increase in creative financing and those with large equity rolling into a smaller home that they buy cash. Sellers still have options for making a move, but I do like to let them know that we are drifting away from the market we became accustomed to over the past 2 years. It is taking longer days on market to attract a motivated Buyer and it is more important than ever to stand out amongst your competition and work with a savvy listing agent. If you are considering a move, please reach out so that I can advise you on how to best play this market to your advantage! - Greg
Mortgage Rates Update
Rates have risen again this past week and are up by approx. ½% in the last 30 days in response to the stronger-than-anticipated jobs report from last Friday. Some scenerios are showing up to 8% again.
Rates for our top tier scenarios (760 credit score, 30% downpayment, primary residence purchase):30 year Conventional – 7.25%30 year FHA – 7.125%
3D Printing Homes
A Texas company — driven by a mission to create faster, better and more affordable housing — is 3D printing homes. It’s also working with NASA to 3D print on the Moon?
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Market Snapshot
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