Next Week is The Best Week to Buy a Home

 
 

More than 6% of homes may have reduced prices during the week of September 25

It is general knowledge that spring time is home selling season, but the best time to buy a house can change from year to year. According to a report from Realtor.com published Wednesday, in 2022, the best week to buy a house is from September 25 to October 1.

Many in the industry view fall as “off season” for the housing market, which offers opportunistic buyers many favorable factors including more listing, less competition, and lower prices.

According to Realtor.com, those who buy during this week can expect more than 6% of homes with reduced prices, savings of more than $20,000 on average, approximately 46% more homes to choose from as compared to the average week to date, extra time to make buying decision with homes expected to stay on the market 15 days longer than summer’s peak, and less competition as as demand during the best week to buy is historically 26.9% lower than the yearly peak week and 8.5% lower than the average week.

As many prospective homebuyers have faced a multitude of challenges over the past year, from intense competition to limited inventory, as well as rising mortgage rates and record high home prices, they may be looking for any advantage they can get.

“If you’re flexible on your timing and can budget for higher rates, early fall can be a great time to secure a home, with a number of factors aligning to make it the best time of the year both in terms of price and competition,” Danielle Hale, the chief economist at Realtor.com, said in a statement. “This is especially true for first-time buyers and others who are not trying to sell a home at the same time as their purchase.” 

On the other end of the homeownership lifecycle, a Thursday in late April is the best time to list a home, as home seller can expect to sell their property for 2.8% more than other times of the year.

Learn more on Real Trends.

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Oregon Rents Could Be on the Rise

 
 

Rents could rise as much as 14.6% for Oregonians renting a property that’s over 15 years old in 2023.

The average rent in Bend is $1,836, according to RentCafe, a data company with access to pricing on all Bend apartments 50 units or larger — so raising the average by the maximum allowable extent would bring the cost to over $2,100.

“The second I heard about the new increase I knew that as soon as they can in July, they will be raising it as much as they can because they have every single year,” said a Bend-based tenant who asked to remain anonymous for fear of retaliation from their landlord.

The tenant is currently paying $950 a month for their apartment, and comes with its own set of problems. Their carpet is 20 years old and so threadbare tack strips are poking through it. They have no washer, dryer, dishwasher or garbage disposal and their baseboard heater is malfunctioning.

“My next-door neighbor has the same apartment as me, and they moved in at $1495,” they said. 

They said they budget conservatively and that they’re already exploring how they can tighten up their budget. They’re expecting to cut off the internet, leaving only cell phones, electric bills and car insurance as their only monthly expenses.

“I’m a full-time college student and my son is a high school student so we’ll be going to coffee shops to do our homework,” they said.

Oregon’s rent control laws passed in 2019’s legislative session and are intended to stop landlords from effectively evicting tenants through large rent increases, as well as stabilizing rental markets. The law allows 15+ year-old rentals to raise rents by 7% plus the Consumer Price Index for the West region — which measures average change of prices over time for consumer goods and services. Oregon’s the first state to enact rent control laws, but some cities have capped rent at much lower rates. In San Francisco, landlords’ allowable rent increases typically hover between 1-2%.

“Decades of economic and academic research show that really stringent rent controls, which this is not, but really stringent rent controls harm new construction. If a builder or developer cannot get a return on their investment, if the rents can only go up by 1% or 2% a year, they don’t get that financial return, and then they don’t build at all,” said Josh Lehner, an economist for the Oregon Office of Economic Analysis.

The 14.4% hike is the steepest since the program’s inception three years ago, thanks to the fastest inflation observed in 40 years. Over the past several decades inflation was generally around 2-3%. Lehner said signs are pointing to less-rapid inflation in the coming year. Inflation stemmed largely from the increases in energy prices that are now decreasing, and supply chain issues that’re also starting to ease up. 

The maximum allowable rent increases aren’t taken advantage of by every landlord and property management company. Bend’s year-over-year increase in rental costs was about 6% with a max increase of 9.9%.

“Broadly speaking, housing costs go up along with incomes, if not a little bit faster than that. So if we see income growth 5-6% a year, broadly speaking, housing costs go up 5- 6% a year. Of course, every year can be a little bit different than that, but that tends to be the big-picture trend,” Lehner said.

Get more info on The Source.

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Just Listed: Suntree Village Home with Cute Covered Back Porch

 
 
 

Come see this comfortable home in 55+ Suntree Village.

Situated on large lot, quiet location towards the back of the park. Spacious floor plan, 2 bedrooms, 2 baths, great storage space and large covered back patio overlooking private backyard. Vaulted ceilings, ceiling fans and crown molding. Super kitchen with breakfast bar, lots of cupboards, drawers, pantry and counter space. All ‘newer’ appliances included + washer/dryer. Large and flexible living area with built-in hutch. Oversized primary bedroom features: extended closet, attached bathroom with garden tub, stall shower, double vanities and plenty of cabinets, drawers and storage. Enclosed laundry room with counter space, utility sink and door to back patio. BONUS: 2-car covered carport with door opening into amazing storage space AND a shop/hobby room with door to back patio. Seller credit towards new carpet/flooring. Available for showings - Look past the Estate Sale preparation in progress (mid-Oct)

Listed by Val Maxwell for West + Main Homes. Please contact Val for current pricing + availability.

 
 
 

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Here's How You Can Help Birds During their Migration

 
 

It’s bird migration season! Here are a few ways you can make sure they have a safe journey.

According to AllAboutBirds.org, Geese winging their way south in wrinkled V-shaped flocks is perhaps the classic picture of migration—the annual, large-scale movement of birds between their breeding (summer) homes and their nonbreeding (winter) grounds. But geese are far from our only migratory birds. Of the more than 650 species of North American breeding birds, more than half are migratory.

Why Do Birds Migrate?

Birds migrate to move from areas of low or decreasing resources to areas of high or increasing resources. The two primary resources being sought are food and nesting locations. Here’s more about how migration evolved.

Birds that nest in the Northern Hemisphere tend to migrate northward in the spring to take advantage of burgeoning insect populations, budding plants and an abundance of nesting locations. As winter approaches and the availability of insects and other food drops, the birds move south again. Escaping the cold is a motivating factor but many species, including hummingbirds, can withstand freezing temperatures as long as an adequate supply of food is available.

Where are the birds migrating?

 
 

For a live map, click here.

“Real-time analysis maps show intensities of actual nocturnal bird migration as detected by the US weather surveillance radar network between local sunset to sunrise. All graphics are relative to the Eastern time zone. When present, the red line moving east to west represents the timing of local sunset, the yellow line represents the timing of local sunrise. Areas with lighter colors experienced more intense bird migration. Orange arrows show directions to which birds flew. Green dots represent radar locations for which data are available; red dots represent radar locations with no data available. Note that many radars in mountainous areas (e.g. the Rockies) have obstructions that restrict radar coverage, providing the appearance of no migration where migration may be occurring.” - Birdcast.info

How you can help

This high-endurance pilgrimage isn't without danger. Outdoor cats, poorly placed communications towers, unforgiving and — to birds — invisible glass surfaces, and pesticide-laced plants all await. Add to that an ongoing crisis of habitat loss and it's no mystery why so many birds fail to reach their destinations during spring migration.

The good news is that all of us can take steps to make migration a little safer. Even better, many of these activities are simple, free, and require only a few minutes. To get started, have a look at abcbirds.org’s top suggestions — and find the solutions that work for you.

Turn Off the Lights

"Up to 1 billion birds die each year in the United States from colliding with buildings or structures. As migratory birds travel through cities with large buildings and bright lights, they can become disoriented by the lights, causing them to collide.

You can help birds during critical migration periods by turning off all non-essential lights from 11 p.m. to sunrise. Learn more about how you can help by visiting BirdCast's Lights Out webpage. You can also find out if a large number of migratory birds is passing through your area by checking BirdCast's online alerts."

Paint a Window Warning

"Hundreds of millions of birds in the U.S. die from hitting glass every year – almost half of those on home windows. Luckily, there are many ways to make your windows safe for birds. One of my favorite methods is applying tempera paint to the outside surface of glass. Tempera is nontoxic, cheap, easy to use (and remove) and amazingly long lasting — even in rain. If you're short on time, using a sponge is a good way to make a quick pattern. With a little more effort, you can create spring-themed designs or even small works of art depicting your favorite birds; either will help prevent collisions. Remember: Whatever kind of design you use, make sure your lines are no more than two inches apart to help smaller birds avoid collisions."

Support the Laws That Migratory Birds Can't Live Without

"The Migratory Bird Treaty Act (MBTA) is one of the most important pieces of legislation affecting birds in the U.S. Unfortunately, the previous administration made the MBTA harder to enforce by claiming that the law does not address unintentional harm to birds caused by industrial activities. This move is expected to be reversed by the Biden Administration, but we need to ensure that MBTA protections are in place permanently. Please ask your Representative and Senators to be co-sponsors of the Migratory Bird Protection Act, a bill that would strengthen the MBTA and go even further to protect migratory birds."

Protect Birds From Cats

"Cats are lovable pets, but they're also instinctive predators. One cat alone may kill up to 55 birds each year. It all adds up! So keep your cat on a leash or in an enclosure to protect migratory birds (and keep your cat safe, too). Don't have a cat? You can still support bird-friendly practices in your community by encouraging the passage of local ordinances mandating responsible pet ownership. Learn more about other simple actions you can take to protect birds on our Cats Indoors page."

Reduce Your Plastic Footprint

"It's estimated that there are about 330 billion pounds of trash on our coasts and in our oceans, with another 17 billion pounds of plastic entering the marine environment each year. Birds can ingest plastics or become entangled in them, which can cause serious injuries or even death.

No matter how far you live from our coasts, your daily actions can have an impact! Eighty percent of trash in the marine environment comes from land-based sources, as trash easily travels via gutters, rivers, bayous, and other watery pathways to our oceans. Switching from disposable plastic items to reusable alternatives is a great way to reduce trash. Consider using reusable bottles, cups, bags, utensil sets, and more — there are many great ways to reduce your plastic footprint! To learn more, check out ABC's clean coast program, Stopping Plastics and Litter Along Shorelines (SPLASh)."

Buy Bird-Friendly Coffee

"After oil, coffee is the most traded commodity in the world. To meet demand, coffee is often grown on monoculture plantations across the world, which cover hundreds of thousands of acres and reduce habitat for birds and wildlife. However, there is a better alternative. Shade-grown coffee, cultivated under existing tree canopies, doesn't require deforestation, leaving habitat intact for wildlife. It also tastes great.

The Bird Friendly coffee certification developed by the Smithsonian Migratory Bird Center establishes the best coffee farming practices to provide birds with forest-like habitat. Birds are not the only ones to benefit from Bird Friendly coffee; farmers who receive certification from the Migratory Bird Center can also access better prices for their coffee. In early 2021, ABC and its Venezuelan partner, Provita, worked with farmers to help market and sell Venezuela's first-ever Bird Friendly coffee."

Keep Your Woods Wild

"You can provide habitat for birds during spring migration by letting things around the house get a little messy. I have a wooded backyard, so I try to leave it as natural as possible. I let the understory grow and pull invasive plants such as Japanese Stiltgrass and Garlic Mustard. I leave logs and fallen branches in place to shelter insects and other small critters that birds feed on.

When larger trees break or fall, I leave them be — as long as they're not hanging over the roof. This gives snag-nesting migrants like the Great Crested Flycatcher places to nest — along with year-round residents like the Eastern Screech-Owl and Downy, Hairy, Pileated, and Red-bellied Woodpeckers — and is a nice source of grubs and other bird food."

Give Beach-nesting Birds a Break

"As temperatures rise, many of us begin heading to the beach. And we're not alone: This is a critical time for several migratory species — I'm thinking of Black Skimmers, Snowy Plovers, and Least Terns — that lay their eggs in the sand and are particularly vulnerable. One of the biggest challenges they face is the threat from unleashed dogs. Our team in the Gulf Coast region has seen loose dogs eat eggs and take chicks. This is a big problem, considering that nearly all of these birds have declining populations. The obvious solution is to leash dogs. As our team likes to say, 'Bird-friendly beaches have dogs on leashes!'"

Support Groups That Are Making Birding More Inclusive

"Everyone should be able to enjoy the wonders of bird migration, and we all have a role in making that possible. Many who engage in birding face issues related to discrimination, safety, and access, including birders of color, women, LGBTQIA+ people, or folks with disabilities.

In addition to events like Black Birders Week and Latino Conservation Week, groups such as Birdability and the Feminist Bird Club are working to address these and other barriers through advocacy, education, and community engagement. By following and supporting this work, we can help the communities these groups serve and the birding community at large. Bringing more people into the fold, with diverse perspectives and experiences, is also a good way to strengthen bird conservation. As Dr. J. Drew Lanham wrote: ‘If the goal is to conserve, then we need all involved that we can muster.'"

Fuel a Hungry Hummingbird

"Put out those hummingbird feeders during spring migration — the hummers are arriving. Be sure to use a mixture of four parts water to one part sugar. And do without the dye: Red dyes serve no purpose. Most hummingbird feeders already have enough color on them to attract hummingbirds, and, even worse, these dyes contain petroleum that may be harmful to hummingbirds. Don't forget to change the mixture and clean feeders often to be sure it's fresh and safe for those super-charged flying jewels."

Inspire a Future Bird Conservationist

"I have younger nieces and nephews in Wisconsin, and when I visit them during spring migration, I like to make sure they get outside, where I can introduce them to birds: Mr. Blue Jay, Mr. Cardinal, Mrs. Common Yellowthroat. Introducing birds to kids at a young age can instill a desire to explore the natural world. And that's only one benefit. It also helps children bond with wildlife and develop an environmental ethic that will, hopefully, remain with them for the rest of their lives. I'm hoping one of my nieces or nephews will be the John Muir of 2030!”

For more information, be sure to check out bird supporting organizations such as ABC Birds, All About Birds, and Birdcast.

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Just Listed: Single Level Home on Corner Lot in Summerfield

 
 
 

Nice corner lot on quiet street in SW Redmond in Summerfield.

Single level living with vaulted ceilings. Stainless appliances, Laminate floors and a 2 car finished garage with plenty of parking. Fenced back yard and spacious front yard. Home is ready for a new owner! Work caused relocation. Seller to contribute $10,000 to buyers closing costs, rate buy down and/or repairs

Listed by Tom Nichols for West + Main Homes. Please contact Tom for current pricing + availability.

 
 
 

Have questions?
West + Main Homes
westandmain.co
hello@westandmainoregon.com

Presented by:
Tom Nichols
(406) 381-9784
tom@westandmainoregon.com


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