What's in the September 2024 Bend Premier Real Estate Newsletter?

• Are Lower Mortgage Rates Spurring Bend Sales?
• Summertime Fruit Salad
• 10 Things to Do in September
• Take the Climbers Trail to Middle Sister
• Early Forecasts for the 2025 Housing Market

If you're wondering what's going on with Bend home prices lately, you're definitely not the only one. With so much information out there, it can be hard to figure out your next move.

As a buyer, you might be worried about paying more than you should. And if you're thinking of selling, you might be concerned about not getting the price you're aiming for. 

So, here's a quick breakdown to help clear things up and show you what's really happening with prices—whether you're thinking about buying or selling. 

Home Price Growth Is Slowing, but Prices Aren't Falling Nationally

Throughout the country,...

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Are Lower Mortgage Interest Rates Spurring Bend Real Estate Sales?

Mortgage interest rates have come down to their lowest rate in a year with the 30 year mortgage now at 6.35%. This has made a difference in both the buying and selling side of Bend home sales with buyers now being able to afford more than they could just a few months ago and sellers, who have been sitting on the fence on whether or not they wanted to give up their great mortgage rate for a new, higher one on a different home, feeling comfortable enough to at last list their home.  We are seeing more listings...

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If you are one of the people who love to climb mountains, you are probably familiar with the climber's trail which provides the established way to summit North Sister in the Oregon Cascades. For those not that ambitious but who love a long day hike, taking the trail part way will enable hikers to have amazing Cascades views plus close up access to Hayden Glacier on Middle Sister.

The route to Hayden Glacier starts at the Pole Creek Trailhead. This is the same trail that is taken to reach Camp Lake which provides for wonderful access to the north facing slopes of South Sister. The first 3.5 miles is through the burned forest of the 2012 Pole Creek fire, but after leaving burned woods, the trail enters healthy forest and the trek is shaded. Before hikers reach the North Fork of Whychus Creek, an unmarked trail intersects the main path. Climbers take this path (which has an optional loop up and back) to access the hike to summit North Sister.

The climbers' trail gains elevation quickly as hikers walk up the lower slopes of Middle and North Sister. The first mile or so remains in shaded forest, but as hikers gain elevation, they leave forest and start walking through the jumbled rock and ash of multiple moraines. At one time these were filled with glaciers, but these have mostly melted, leaving behind the steep gullies and loose stone scrapped off the mountains over thousands of years. Climbing up the moraines can be difficult, but coming down is harder as it is easy to slip on the loose stone. 

For those who do continue the technical climb up North Sister, it is recommended this be done in a group with people who really know what they are doing. For those of us who just enjoy a great, long day hike, the option to travel to Hayden Glacier is one very few do and it can be very rewarding. The entire trip, including the loop up and back the climber's trail, is under 3000 feet of elevation gain and less than 13 miles back to the Pole Creek Trailhead.

Now that it's September, all eyes are on the Federal Reserve (the Fed). The overwhelming expectation is that they'll cut the Federal Funds Rate at their upcoming meeting, driven primarily by recent signs that inflation is cooling, and the job market is slowing down. Mark Zandi, Chief Economist at Moody's Analytics, said:

"They're ready to cut, just as long as we don't get an inflation surprise between now and September, which we won't."

But what...

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