Bend Oregon Real Estate Newsletters

Rates Creep Up

The 30-year fixed-rate mortgage (FRM) averaged 5.77 percent, with an average 0.5 point, for the week ending July 28, 2005. Last year at this time, the 30-year FRM averaged 6.08 percent.
"Although inching upwards, the average 30-year fixed-rate mortgage rate for the month of July was lower than the annual averages since our survey began in 1971," said Frank Nothaft, vice president and chief economist at Freddie Mac.

Mortgage Rates

Source: Realty Times

U.S. averages as of July 28, 2005:

30 yr. fixed:   5.77%
15 yr. fixed:   5.34%
1 yr. adj:        4.46%

"And the most recent figures for housing sales are reflective of these low interest rates in the mortgage industry."

Gen Y Buyers to Change Housing Market

    Generation Y, made up of people born since 1979, will alter the face of the housing market, experts say. This population segment, which will account for 34 percent of the nation's population in a decade, is expected to demand amenities that enhance lifestyle and convenience over size and curb appeal.
     More than one quarter of Gen-Yers plan to purchase a home by 2007, according to the National Association of Home Builders.
     Single family homes are preferred by over 90 percent of Gen-Yers, and 56 percent desire two-story dwellings. Builders will need to incorporate larger spaces and more sophisticated amenities into their new offerings to accommodate Gen-Yers, experts predict.

Consumers Seek 'Healthy' Home Features

The building industry is beginning to see greater demand for health-friendly houses that have features such as a tightly sealed attic and an air filter in the kitchen pantry to minimize the threat from dust and mold. The trend comes in response to rising asthma rates and research touting the importance of clean air indoors. A demonstration house on Tuskegee University's campus boasts the trademark features of the healthy home. Smaller networks of air ducts reduce the chances of mold developing and limits the spread of dust particles, while bare floors and carpets that don't emit chemicals enhance air quality and have been shown to improve health for those afflicted with cardiovascular or breathing problems.

Make Moves Less
Traumatic for Children

    Amid the stacks of legal documents waiting to be signed, the stresses of last-minute negotiations, and the unappealing prospect of packing up all your belongings, sometimes the children -- and the feelings they're encountering -- get lost in the shuffle.
     More than 10 million children in the United States move prior to the start of the new school year, and there are several measures that can make the transition less stressful.
     Youngsters might want to consider keeping a journal, detailing their worries or aspects about the move that are exciting.
     They also could surf the Web to familiarize themselves with their new neighborhood, as the local Chamber of Commerce site generally features information about activities, schools, restaurants, and other amenities.
     Children can take a greater role in the move by planning the design of their new bedroom; while putting together a scrapbook with pictures of their old residence, neighborhood, and friends.
     Children are creatures of habit and any disruption in their daily routine will naturally prompt reactions. Let them know it's normal to feel sad and anxious, while emphasizing all the wonderful new experiences that lie ahead.
     Above all else, communicate with your child throughout this stressful process.

Equal Housing
Opportunity

Terry Denoux, P.C. Broker
Cellular: (541) 350-2921
Web: http://www.gobend.com
E-mail: terryd@gobend.com

RE/MAX Equity Group
235 SE Wilson Ave.
Bend, OR 97702

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