New Footbridge Across Deschutes in Bend

There are two new possible footbridges proposed for spanning the Deschutes River in Bend. The two proposed bridges are located close to each other but differ in about $20,000 in price. Both are located near First STreet Rapids, which is a popular destination among kayakers.

The Bend Parks and Recreation Board will be making a decision tonight on where the bridge will be located. If the less expensive bridge is voted on to be built, construction could begin as early as this summer.

This means that the Bend River Trail will be complete, once this bridge is completed.

https://circulation.bendbulletin.com/publicus2/html/login?CSProduct=BUONLINE&CSAuthReq=1324424256:473449156149105:557187C34B869B111F1C7ACC6E62A06F&CSTargetURL=http://bendbulletin.com/apps/pbcs.dll/login&AID=20111220/NEWS01/112200387

Posted in Local Bend, Oregon news | Tagged , | Leave a comment

Prineville May See Apple Data Center

If a Facebook data center wasn’t enough, Prineville now is in the running to possibly land an Apple data facility. This would probably mean that home prices in Prineville might increase as employees move to the area to fill up and coming employment positions.

http://www.bendbulletin.com/apps/pbcs.dll/article?AID=/20111205/NEWS01/112050340

Posted in Commercial Properties, Local Bend, Oregon news, Prineville News | Tagged , , | Leave a comment

Bend Prices at 6-Year Low

The Bratton Appraisal Group published the latest numbers for Bend’s housing market. The most notable of those data is that the median price for November was $166,000, the lowest median price in more than six years. The peak for median home prices in Bend was in May 2007, at $396,000.

For the complete story, please visit, http://www.bendbulletin.com/apps/pbcs.dll/article?AID=/20111216/NEWS01/112160355

Posted in Buying a Home, Selling a Home | Tagged , | Leave a comment

Bend Gets More Media Mentions

photo by Kirk Devoll

Bend and Central Oregon continues to receive more press. The latest publications include Ski Magazine, Ski Presse and Quarter Horse Journal. Ski Magazine tested their newest ski boots at Mt. Bachelor. SkiPresse, a leading German Ski Magazine, focuses an issue on ski resorts located in volcanic regions. They note Mt. Bachelor as a great ski area. The Quarter Horse Journal, German edition, spotlights Long Hollow Ranch, McMenamin’s Old St. Francis School, Deschutes Brewery and Wanderlust Tours. Click on the links below to read the full articles.

http://www.skinet.com/ski/article/boots-how-we-test

http://www.visitcentraloregon.com/images/enews/ski-presse-oregon-2011.pdf

http://www.visitcentraloregon.com/images/enews/qtr-horse-journal-german-nov2011.pdf

Posted in Local Bend, Oregon news | Tagged , | Leave a comment

Decline in home prices in most major US cities

Home prices see a decline in major U.S. cities


“The Standard & Poor’s/Case-Shiller index released Tuesday showed prices dropped in September from August in 17 of the 20 cities tracked. That was the first decline after five straight months in which at least half the cities in the survey showed monthly gains,” according to AP Real Estate Writer, Derek Kravitz.

It is projected that while this decline isn’t as severe as what we have seen in the past, it is a decrease from the first and second quarters of this year.

Bend, Oregon is seeing a slight boost in the price per square foot of homes, which has increased over the past year by $10/sf.

In order to see a real increase in housing prices, it is projected that the economy must rebound to a healthy pace.

Posted in Buying a Home, Selling a Home | Tagged , | Leave a comment

FHA may need bailout

The Federal Housing Authority is now feeling the result of a down real estate market. According to a government report, there is a 50 percent chance that they could need a tax bailout.

The FHA’s losses are due to loans made prior to 2009 on homes that continue to lose value.

For full article:

http://bendbulletin.com/apps/pbcs.dll/article?AID=/20111116/NEWS0107/111160333

Posted in Buying a Home, Financing | Tagged , | Leave a comment

Grant to promote local food in Central Oregon

The Bend Farmers Market

Locals buy local produce and food at the Bend Farmer's Market

A three-year grant by the Meyer Memorial Trust to the Central Oregon Intergovernmental Council will strive to assist local growers and ranchers with their distribution and marketing needs. This will mean that local farmers and ranchers will be able to spend more time on their farms and less time driving around Central Oregon selling their goods and less time working on marketing their products to individuals and businesses. This is great news for the locavore movement, which is strong in Central Oregon. The Locavore movement aims to buy and produce items locally to help the economy.

For the full article, please click the following link:

http://bendbulletin.mycapture.com/mycapture/enlarge.asp?image=38902016&event=1363663&CategoryID=5391

Posted in Local Bend, Oregon news | Tagged , , | Leave a comment

Freddie Hits Record for REO Sales

Freddie Mac Hits Record Sales for 2011

Freddie Mac sold more than 80,000 REOs in the first nine months of 2011, for an average of 94 percent of market value, Tracey Mooney, Freddie Mac’s vice president of single-family servicing and real estate owned properties, said in a blog post.

“We are selling more homes than we are taking in through foreclosure,” Mooney wrote in the blog post. Mooney says Freddie’s REOs are selling in about 4 months or about 120 days, on average.

Most of the REO sales are to owner-occupants. “While we have always been open to selling to investors, our strategy is to limit the concentration of investor sales in any given area,” Mooney wrote. “In addition, we do not typically consider any offers that require significant discount pricing.”

Source: “Freddie Mac Sells Record-Number REO at 94% of Market Value,” HousingWire (Nov. 14, 2011)

Posted in Buying a Home, Foreclosures, Selling a Home | Tagged , | Leave a comment

Bend gives $1.25M for affordable housing.

Bend, Oregon supports affordable housing

Affordable housing in Bend Oregon

“The city of Bend is giving out more than $1.25 million in loans to four affordable housing projects, including one that aims to help low-income veterans with special needs,” reported by Nick Grube from The Bulletin.

Money for the loans comes from the city’s affordable housing fee program, which charges builders a fraction of a percent on their construction projects for the purpose of adding more low-income living quarters.

About half the funds will be used to help purchase land to build green homes for people at or below 100 percent of Bend’s median income. Central Oregon Veterans Outreach will receive $300,000, which will provide housing for 16 low-income veterans. Two projects associated with the Redmond-based Housing Works will also receive loans from the city. $175,000 will be given to a local contractor to build an energy-efficient home for someone earning less than 80 percent of the area median income.

The city’s affordable housing fee is the only one of its kind in the state. It charges builders a fraction of a percent on construction projects in order to add more low-income living quarters.

Posted in Local Bend, Oregon news | Tagged , | Leave a comment

Preventing Winter Weather Damage

Snow in Bend, Oregon

The winter weather is coming!

It’s getting to be that time of the year, again. Learn simple ways to prevent winter weather damage:

Winter weather, particularly snow and ice, can be as tough on homes as it is on homeowners. Seasonal maintenance and preparations may be irritating, but investing a little time in one’s home in the near future can avert the need for costly repairs later, so it is generally worthwhile.

Those planning to sell their homes have even more reason than most to take care, since it can be problematic and irritating to conduct major repairs before moving out, as well as expensive if the homeowners are unlucky.

Exterior preparations

According to HouseLogic, one thing many forget to do is clean out the home’s gutters. Debris clogging the gutters may trap snow or water and lead to freezing that damages the gutters themselves. Worse, it could cause water and ice to back up under the roof shingles, eventually seeping into the home. Downspouts should be checked for blockages as well.

The roof itself should be checked for any peeling tiles or other problems, one expert told MSN Real Estate, and homeowners should ensure the attic has no stains, mold or other signs of moisture. If there is any lawn care or gardening equipment, it should be stored inside, and irrigation systems need to be cleared of water so that pipes and hoses do not freeze and burst.

HouseLogic notes outdoor air conditioning units may be vulnerable to falling snow and ice if located under trees or placed under the home’s drip line. Homeowners who regularly use their chimney should have it inspected by a professional periodically, and may wish to cover the front of the fireplace with a glass screen to reduce heat loss when it is not in use.

Interior preparations

The Insurance Information Institute notes homeowners may wish to add extra insulation to attics, basements and crawl spaces. Reducing heat loss can lower the electric bill, keep residents warmer, and lower the risk that freezing water will create or widen gaps in the roof and exterior, then seep in and cause flood damage. Insulation can also reduce the chances of pipes freezing, preventing the need for expensive plumbing system repairs and flood damage when water escapes amaged pipes.

In addition, MSN Real Estate notes homeowners can benefit from checking external doors to ensure they do not have any gaps that let heat escape, and close any gaps with appropriate weatherstripping. Heating systems should also be serviced, since they will be seeing more use.

Posted in Buying a Home | Tagged , , , | Leave a comment