The Bend OR REAL ESTATE Crash is Already Here! WHAT YOU NEED TO KNOW.

[@junkgrave]

Oh wow, a realtor telling me that now is the best time to buy!

[@KrommRealEstate]

Every time is the best time to buy real estate, if you can afford it. It's shelter, and it appreciates.

[@joeschmow4568]

same thing is happening in Portland area. Inventory of single family homes is spiking when it should be going down. Single family rental market in PDX city limits is also blowing up with inventory. Usually, I see about 250 houses for rent. Right now we are at nearly 600 as investors try to save their investments, but asking rents are unaffordable for 90% of renters.

[@KrommRealEstate]

Rental prices will continue to come down eventually because so much new inventory has and continues to come online.

[@johnbob4545]

Dude the days of multiple offers are over. Many of us have buyer's regret thanks to the whole work from home COVID thing. The first rate cut has already been baked in if you follow Mortgage News Daily. Mortgage rates follow the 10 year Treasury bonds. Maybe by 2026 we'll see 5.5 - 6. I have family there, it's just a small off the path town with people always trying to one up each other. That's what i got out of it.

[@KrommRealEstate]

Completely agree with rate cuts being baked in. I think I said as much in the video. But as for the multiple offers... we had multiple offers come in on a listing just last weekend. It's not happening very often right now, but if we get rates, just kissing the 5s... 5.99, they will come back.