Just Listed: Your Oasis Awaits in Redmond, Oregon's Perfect Blend of Comfort and Convenience!

 
 
 

Welcome to your home in Redmond, Oregon!

This stunning 3-bedroom, 2.5-bathroom home boasts 2,250 square feet of meticulously designed living space, nestled on a spacious corner lot. As you step inside, you'll be greeted by an abundance of natural light. The open floor plan seamlessly connects the living, dining, and kitchen areas, creating an inviting space perfect for both relaxation and entertaining. Prepare to be impressed by the gourmet kitchen, complete with sleek granite countertops, modern appliances, and ample storage space. Retreat to the luxurious master suite, featuring a spa-like ensuite bathroom and a walk-in closet. Two additional bedrooms provide comfort and privacy for family members or guests. Outside, discover your own backyard oasis, where lush landscaping and trees provide beauty and tranquility. Spend warm summer evenings hosting BBQs on the patio or unwinding. With a 3-car garage, there's plenty of room for parking, toys and storage, accommodating all your vehicles and outdoor gear with ease. Conveniently located just 15 minutes from Bend, Oregon or less than 10 mins to the airport, this home offers the perfect blend of suburban tranquility and urban amenities. Explore the vibrant downtown area, hit the slopes at nearby ski resorts, or simply enjoy the breathtaking natural beauty that Central Oregon has to offer. Don't miss your chance to make this dream home yours!

Listed by Amanda St. Clair for West + Main Homes. Please contact Amanda for current pricing + availability.

 
 
 

Have questions?
West + Main Homes
(303) 935-8787
hello@westandmain.com

Presented by:
Amanda St. Clair
541-390-6804
amanda@westandmainoregon.com



 

Building a Foundation: Preparing Your Adult Child for Their First Home Investment

 
 

Picture this… Your child has reached a major milestone in their life—purchasing their first home.

This is an exciting time filled with anticipation, nerves and perhaps a little bit of stress. As parents, it's natural to want to help your child every step of the way, especially when it comes to such a significant investment. That's why we've put together this guide to help you prepare your adult child for their first home investment. Whether it's financial advice, homebuying tips,or emotional support, we've got you both covered.

Financial Preparation
One of the most crucial aspects of purchasing a home is financial preparation. As parents, you have likely already instilled good financial habits in your child, but buying a house requires a different level of planning and readiness. Here are some key areas to focus on when preparing your child for their first home investment.

Credit Score
A strong credit score is essential when it comes to securing a home loan. Advise your child to check their credit score before beginning the home buying process and if necessary, work on improving it. A high credit score will not only make it easier to get approved for a loan, but also result in better interest rates.

Savings
Encourage your child to save up for a down payment as early as possible. The larger the down payment, the lower their mortgage payments will be. Additionally, having a significant amount of savings shows lenders that your child is financially responsible and committed to making this investment.

Budgeting
Buying a home comes with many expenses beyond just the mortgage payments. Help your child create a budget that takes into account additional costs such as property taxes, insurance and maintenance. Any new homeowner needs to understand the full financial commitment of owning a home.

Home Buying Tips
As your child begins their search for their first home, here are some helpful tips to keep in mind. It isn't rocket science, but a few insider tips never hurt, either:

Location
When looking at potential homes, remind your child to consider the location carefully. Factors such as proximity to work, school districts and neighborhood safety are all important aspects to consider. It's also a good idea to research the area's market trends and potential for future growth. Even a little bit of research can go a long way!

Realistic Expectations
It's natural for your child to have high expectations for their first home, but it's also a good idea to temper those expectations with the reality of their budget. Help them understand what they can realistically afford and guide them towards homes that fit within their means.

Home Inspection
Encourage your child to get a professional home inspection before finalizing the purchase. This will ensure that any potential issues with the home are identified and addressed before they become costly problems. It's better to be safe than sorry when making such a significant investment.

Emotional Support
Buying a home can be an emotional rollercoaster, and your child may need some extra support during this time. You've most likely already experienced this, so here's how you can help:

Listen and Offer Advice
Your child may have questions or concerns throughout the home buying process. Be there to listen and offer your advice, but also allow them to make their own decisions. This is a big step towards independence, so it's good for them to feel in control of the process.

Celebrate Their Accomplishment
Purchasing a home is a significant achievement, so be sure to celebrate with your child once everything is finalized. They need to feel supported and recognized for this major milestone in their life.

Be Understanding
Don't forget to be patient and understanding. This may be a stressful time for them, so try to be empathetic and offer your support in any way they need. Whether it's a listening ear or helping out with some of the tasks involved, your presence and support will mean everything to them.

When They Become Homeowners
After all the preparation and hard work, your child will finally become a homeowner. But even after they've moved in, continue to offer support and guidance as needed. Whether it's helping with home maintenance or offering financial advice, being there for them during this new chapter is invaluable.

Give Them Some Pointers
As they adjust to homeownership, your child may need some practical advice on how to maintain and take care of their new property. Offer your years of experience and knowledge on home maintenance, gardening and other essential tasks. This will not only save them money but also help them feel more confident in their newfound role as a homeowner.

Recommend Contractors and Professional Help
Sometimes, unexpected issues may arise that require the expertise of professionals. As a homeowner, it's important for your child to have reliable contacts for services such as plumbing, electrical work, residential roofing installation and HVAC maintenance. Share any recommendations you have with them to make their life easier.

Enjoy Their Space With Them
Don't forget to celebrate and enjoy your child's new home with them. Whether it's hosting family gatherings or simply spending quality time together, their new home will be a special place for both of you.

With this guide, you can help prepare your adult child for their first home investment both financially and emotionally. Encourage them to carefully consider all aspects of the home buying process and be there to support them every step of the way. Congratulations again on this exciting milestone in both your lives, and don't forget to visit their new home for dinner!

Read more at RisMedia.com

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Best Indoor Plants for Your Health, According to Research

 
 

If some of the best indoor houseplants have taken over your interiors, seemingly sprawling across bookshelves, side tables and kitchen countertops, you're not alone.

Sales of leafy green flora have soared over the past couple of years as many spend more time indoors; they've been a hit on platforms like TikTok and Instagram, where there are more than 9 million posts tagged #HousePlants. While the greenery brightens up your space and certainly looks cute, experts believe your indoor plants may be good for your health, too.

Plants improve air quality, bring beauty into your home and boost emotional and spiritual wellbeing by giving you a chance to care for something. Plants in your bedroom could improve your sleep quality, while greenery in your kitchen helps brighten up your space if there's no window.

While any plant is good for the soul and can benefit your mental health and emotional wellbeing, here are some of experts’ top choices.

What plants are best for your health?

The healthiest houseplant is the one that matches your personal style as well as daily schedule and routine, says Alex Cromer, LPC, a licensed professional mental health counselor with Thriveworks in Richmond, Virginia. And, don’t worry too much if you don’t have a green thumb! Many of the best plants for your health are easy to care for, so you can enjoy their presence and reap the health rewards.

Spider Plant

Spider plants, or Chlorophytum comosum, are extremely easy to grow, don’t require constant attention and thrive with little investment on your behalf. The plants have narrow leaves and get their name from the “small plantlets produced on long trailing stems that vaguely resemble spiders,” according to the University of Wisconsin-Madison Division of Extension.

Spider plants are known to help purify the surrounding air. NASA research examined the leaves, soil, roots and microorganisms of several houseplants and found that plants can act as a natural air filter to reduce pollutants. The study indicates that spider plants removed 95% of toxic formaldehyde from the air in a sealed Plexiglas container over a 24-hour period.

Peace Lily

The name “peace lily” definitely evokes a sense of calm. These sturdy plants also “flower and are aesthetically pleasing” and may benefit your health over time, explains Trevor Cates, N.D, a naturopathic doctor in Park City, Utah, and author of Clean Skin From Within. A 2022 study published in Applied Sciences suggests that peace lilies have air-cleaning properties and help to remove carbon dioxide and volatile organic compounds (VOCs) from the air.

Peace lilies can live for years and continuously produce broad white flowers that resemble a white peace flag, per materials published by MiracleGro. They’re easy to take care of and don’t need much light, so they’re perfect for shady spaces. Just keep them out of reach from pets and small children, as they can cause vomiting or tongue swelling if they’re ingested.

Rubber Plants

Rubber plants — also known as rubber trees or Ficus elastica — make for great indoor houseplants. They’re generally easy to take care of and only need to be watered every week or so, according to materials shared by The Sill. Research shows that rubber plants feature air-purifying properties. Just be sure to keep them firmly away from any pets and from young children, as they're known to be highly toxic when ingested.

Elephant Ear Plants

If you want to spend a little more time with your houseplants, Cromer recommends elephant ear plants. These are organized into a group of tropical, perennial plants instantly recognizable by their big, heart-shaped leaves. They need bright light and regular watering to keep the soil moist, and they can get big and may need extra space. Some species have been grown for their edible starchy tubers, which are a food staple in certain tropical regions. Medicinally, the leaves have been noted for their use in treating insect stings.

Snake Plants

Long known as “mother-in-law’s tongues,” the snake plant, or Sansevieria trifasciata, features tall leaves that grow vertically. They’re decorative and extremely low-maintenance. The plants only need to be watered when the soil is dry, grow in any kind of light, and generally “thrive on neglect,” according to experts at HGTV. The snake plant was included in the same sweeping NASA study of indoor plants, and has been shown to remove toxins from the air over time.

Ferns

A 2022 study published in Applied Sciences showed that Boston ferns performed best when it comes to air cleaning by naturally VOCs from the air. The plants grow easily and look the best indoors in hanging baskets or on plant stands, which allow their fronds to drape. They need medium bright light and consistently moist soil, so they might require a bit more of your time.

Pothos

When you picture a houseplant, the pothos, or Epipremnum pinnatum, is likely what comes to mind. Also known as devil’s ivy or golden pothos, the plants feature vibrant heart-shaped leaves that may be green or marbled green and yellow. They’re easy to grow, needing only indirect sunlight and infrequent watering. Research shows that the plants can lower indoor ozone levels, which can make it easier to breathe and reduce your risk for respiratory ailments, as well as remove VOCs from the air.

English Ivy

English ivy, or Hedera helix, is a versatile plant that’s been shown to lower levels of carbon dioxide, formaldehyde, and toxins in the air. They can be grown outside or indoors. As a houseplant, the ivy grows well in hanging baskets or pots, and can be trained to grow along a trellis or shape, according to the Clemson University Cooperative Extension. They grow best in direct sunlight and need to be watered thoroughly once the soil dries out.

Succulents and Cacti

Succulents and cacti “thrive on little to no care,” Cromer says. These plants are drought-resistant, meaning they don’t need regular watering; only just when the soil is completely dry. They also come in many shapes and sizes to decorate your space and can help clean the air. Some varieties, including the jade plant, can increase humidity in a room. Aloe vera plants, in particular, also have medicinal properties and can help heal cuts, burns, and other skin ailments.

Herbs

Small potted herbs not only look cute in your kitchen, but they may also inspire you to cook more often and eat healthier. Growing your own basil, parsley, or mint is also cheaper than purchasing herbs from the grocery store. Several herbs, like chamomile and lavender, have been shown to reduce anxiety, per Mayo Clinic officials. Herbs also contain vitamins, minerals, and antioxidants, which are a boon for your dietary routine.

How do house plants contribute to good health?

The beauty of plants and the act of caring for them can be truly healing. “Looking at something aesthetically pleasing can boost neurotransmitters like dopamine and serotonin,” Cates explains. Keeping plants primes your brain to look forward to interacting with the plant and receiving a hit of “feel good neurochemicals,” Cromer adds.

Plants offer immediate benefits by improving mood and stress management, Cates says. They also provide long-term benefits, such as improving air quality which may reduce instances of headaches — or by adding moisture to the air, which helps with dry skin, Rothenberg says. Handling soil, which contains microbes, can promote microbiome diversity in your home, which could benefit gut and skin health.

But, having houseplants alone isn’t a recommended treatment for any medical condition, Rothenberg adds. “Encouraging my patients to consider having houseplants is one part of a broader, individualized health care plan.”

What are the best indoor plants for air purification?

Research shows that plants can help with air purification, especially in areas where air quality may be in question. Breathing cleaner air also helps you think clearer, calms stress, and reduces the risk for asthma, Cates tells Good Housekeeping.

Houseplants absorb carbon dioxide, filter pollutants and release oxygen. “This is an important idea considering how much time people spend indoors,” Rothenberg adds. “By adding more oxygen, theoretically, you might have better focus, fewer headaches, and an improved mood.”

Snake plants, spider plants, rubber plants, peace lilies, ferns, and English ivy are some of the best indoor plants for boosting oxygen levels and purifying the air.

What are the mental health benefits of caring for a houseplant?

Being around greenery offers many mental health benefits. Horticultural therapy has long been used to treat mental health and other conditions. It helps improve memory, cognition and socialization. Humans also have an innate instinct to connect with nature, known as biophilia.

Caring for plants can reduce stress and anxiety, improve mood and concentration, and boosts confidence. “Plants provide a tangible, positive result for the caretaker which can help them feel more in control of their lives, something that can reduce anxiety and promote overall wellness,” Cromer says. “It gives the caretaker a sense of pride and accomplishment—being observant of how the plant is growing, looking, and to troubleshoot ways to solve problems.”

Watching them grow can be soothing, promote peaceful feelings, and provide a meditative experience, Rothenberg adds.

“Plants benefit health holistically because they are a non-stimulating partner that is accepting and tolerant, and are good listeners,” Cromer says. “Plants thrive with simple care and attention and are very visibly thankful for your efforts.”

Read more at GoodHouseKeeping.com

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The Perks of Buying over Renting

 
 

Thinking about buying a home?

While today’s mortgage rates might seem a bit intimidating, here are two solid reasons why, if you’re ready and able, it could still be a smart move to get your own place.

1. Home Values Typically Go Up Over Time

There’s been some confusion over the past year or so about which way home prices are headed. Make no mistake, nationally they’re still going up. In fact, over the long-term, home prices almost always go up (see graph below):

 
 

Using data from the Federal Reserve (the Fed), you can see the overall trend is home prices have climbed steadily for the past 60 years. There was an exception during the 2008 housing crash when prices didn’t follow the normal pattern, but generally, home values kept rising.

This is a big reason why buying a home can be better than renting. As prices go up and you pay down your mortgage, you build equity. Over time, this growing equity can really increase your net worth. The Urban Institute says:

“Homeownership is critical for wealth building and financial stability.”

2. Rent Keeps Rising in the Long Run

Here’s another reason you may want to think about buying a home instead of renting – rent just keeps going up over the years. Sure, it might be cheaper to rent right now in some areas, but every time you renew your lease or sign a new one, you’re likely to feel the squeeze of your rent getting higher. According to data from iProperty Management, rent has been going up pretty consistently for the last 60 years, too (see graph below):

 
 

So how do you escape the cycle of rising rents? Buying a home with a fixed-rate mortgage helps you stabilize your housing costs and say goodbye to those annoying rent increases. That kind of stability is a big deal.

Your housing payments are like an investment, and you’ve got a decision to make. Do you want to invest in yourself or keep paying your landlord?

When you own your home, you’re investing in your own future. And even when renting is cheaper, that money you pay every month is gone for good.

As Dr. Jessica Lautz, Deputy Chief Economist and VP of Research at the National Association of Realtors (NAR), says:

“If a homebuyer is financially stable, able to manage monthly mortgage costs and can handle the associated household maintenance expenses, then it makes sense to purchase a home.”

Bottom Line

If you're tired of your rent going up and want to explore the many benefits of homeownership, talk to a local real estate agent to explore your options.

Read more at KeepingCurrentMatters.com

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Home sellers are returning to the market

 
 

The weekly volume of new listings is now higher than at anytime last year.

It’s just now May, so there could be as many as eight more weeks of seller growth in the spring housing market. And seller growth is happening pretty much everywhere across the country, with Florida and Texas leading the way. 

There’s two ways to interpret these trends. The bearish take is that there are many more sellers than buyers and inventory is rising. Mortgage rates are at 7.5% and there are no signs of improvement anytime soon. This implies that home prices will decline in the near future.

The more optimistic take is that more sellers will result in more sales. Even if the imbalance of more sellers than buyers continues, more sales will happen, especially compared to last year at this time. 

But maybe both of these interpretations prove true. In addition to a higher number of new listings, there were also more new contracts started this week than in any week in 2023. That’s not saying much, since last year had so few home sales, but it is a step in the right direction.

Should we elaborate further? Mortgage rates are now topping 7.5%, the highest levels seen this year.  You’d think the sales rate would be slowing, but there aren’t signs of it. It’s possible that sales will slow, but maybe it takes a few more weeks to manifest than expected.

At Altos Research, where we track every home for sale in the country each week, the data so often defies expectations or changes very quickly. By tracking the pricing, supply and demand, sales and changes in the data, you can immediately understand it as it happens. Let’s look at the details of the U.S. housing market at the end of April 2024.

Housing inventory

There are now 556,000 single-family homes on the market. That’s up 2.4% from last week, with slightly more than 13,000 additional properties on the market now than a week ago.

Unsold inventory now is almost 32% higher than at this time last year — and it’s 90% higher compared to the end of April 2022. Two years ago, inventory was jumping along with mortgage rates. But that’s not what’s occurring now as the increases are more steady.

This is one way to illustrate that consumers are more sensitive to changes in rates than to the actual levels. Rates are higher now, so unsold inventory is higher. But two years ago, rates were climbing by 20 basis points or so each week for much of the spring. Rates were climbing rapidly and so was inventory. Now the increase in both of these lines is slower. 

In 2022, there were record-low numbers of unsold homes on the market, but the numbers were climbing rapidly, with 18,000 to 20,000 properties added each week. Today, we’re adding 13,000 per week. While interest rates and inventory are rising in 2024, they were doing so much more quickly two years ago. The change in rates is what drives change in behavior.

New listings

There were 72,000 new single-family listings unsold this week, Another 21,000 homes were newly listed and already under contract (what are known as immediate sales) for a total of 93,000 new sellers this week. That’s much more than at any point of 2023. You have to go back to July 2022 to find this much seller activity in a given week. 

So, why is the seller volume increasing, where is it coming from and is it time to panic? 

First, keep in mind that immediate sales are still at a reasonably healthy level. Plenty of homes are receiving offers and going into contract immediately upon being listed — 21,000 this week, or 22.5% of the market. 

Next, keep in mind that there are still 20% fewer sellers each week than there would have been in a “normal” year prior to the COVID-19 pandemic. There are not a lot of sellers. It’s just that in the past decade as mortgage rates fell, more real estate began to be hoarded and fewer sales took place. In the accompanying video, you can see the relative levels of new weekly listings. Seller volume is still running pretty low because homeowners have such a good deal with their low mortgage rates that they don’t want to sell. 

Fixed mortgage rates mean fixed costs for most homeowners. Fixed costs theoretically means they won’t ever have to sell. But in areas where costs are rising — due to higher property taxes, insurance hikes or other rising maintenance expenses — homes are more likely to hit the resale market.

Right now, this is most obvious in Texas and Florida. Over the past year, 40% of the inventory increase at the national level has come from these two states. Texas and Florida combine for 29% of the country’s active listings and 16% of its population, so outsized gains are happening in these place. For example, if you have a second home in southwest Florida that you only use occasionally and your insurance costs tripled this year, it’s very tempting to sell. And some people are doing so.

The opposite trend is happening in New York, which has the fewest available homes per capita right now. That dubious distinction is usually reserved for California. New York has slightly fewer homes on the market than at this time last year, whereas Florida now has 59% more. 

The takeaway here is that inventory gains are happening pretty much everywhere but at a significantly higher rate in the Sun Belt states — from Florida to Texas and Arizona. 

Pending sales

There are 398,000 single-family homes under contract now — a few percentage points more on a year-over-year basis. These homes in the pending-sales stage will mostly close in May.

This is slight seller growth but not a pullback, even with April’s mortgage rate increases.

Frankly, this pace could’ve been expected to reverse, but it hasn’t happened yet. In 2022, sales dwindled in the second half of the year and have yet to recover. The video above illustrates how quickly home sales slowed as mortgage rates rose — especially in June and September 2022.

This year, the trajectory is staying surprisingly positive. As the average rate jumped from 7% to 7.5%, that slowdown could’ve been expected to happen again. If the market gets lucky and rates don’t climb past 8%, then the sales rate might continue to slowly recover by later this summer. But rates could keep climbing. The macroeconomic data keeps coming in strong and we’ll just have to watch to see what happens.

There were 76,000 new contracts started this week for single-family homes in the U.S. That’s more than in any week for all of 2023. It’s strong growth — 9% more than the same week a year ago. Sales volume typically peaks at the end of June, so we likely have more growth to come in the spring market. And the weekly new pending sales count is already ahead of the best weeks posted last year.

Home prices

The median price of homes under contract is now slightly more than $399,900, good for 5% year-over-year growth. What’s being tracked here is the final asking price for the homes that went into contract. This is the earliest proxy for the final sales price. Any given home may sell for more or less than asking price, but in aggregate, the actual sales price is very close to this pending sales price.

Altos Data watches several measurements of home prices. There’s asking prices, or what you’ll see if you’re shopping the market today. The median price of all homes on the market right now is just under $445,000 and is only 1% higher than in April 2023. 

The price for a new listing is the best leading indicator, and there are the prices of the set that is being purchased, which is what we’re looking at here. These are all useful indicators of home prices.

Historic data shows, for example, precisely when home prices fell in June and September 2022. At that time, there were large jumps in seller inventory coupled with sudden, additional spikes in mortgage rates. So, homebuyers adjusted their expectations and prices dropped. We’re on the alert for these price declines today but have yet to see them.

Price reductions

While watching for leading indicators for changes in sales prices, we saw a meaningful uptick in price reductions. This week, 32.5% of the homes on the market included a price cut. That’s up 50 basis points from last week and is 340 bps more than at the end of April 2023.

This week last year was the final decline of the spring season. Pricing was much firmer last year, but the share of homes with price cuts in 2024 have increased for 10 weeks. It’s a much slower season compared to last year and spring is when the most upward pressure on home prices typically happens.

But price cuts are on the rise. The curve this year is following a very clear seasonal trend. Home prices are not crashing and there’s no signal anywhere in the data that a crash is imminent. But there are more homes with price cuts now than in April of any recent year, so that’s a pretty weak signal.

In the price reductions chart of the accompanying video, notice how this year’s curve is elevated above that of any recent year. There are more homes on the market with price cuts today than in any April in more than a decade — even though this rate is not climbing nearly as quickly as it did two years ago when the market changed.

If you look at the local data, you’ll see that the Florida markets are dominating in terms of price cuts. More than 50% of the homes on the market in most of the major Florida metro areas have had price cuts. Inventory is up and prices are lower on an annualized basis.  Nationally, however, the data is balanced out by many markets, such as those in the Northeast, where inventory is still very low.

If mortgage rates keep climbing, we could more than 40% of U.S. listings with price cuts by the latter portion of summer. That would likely be a negative indicator for future sales prices — i.e., home price declines. As mentioned earlier, home prices today are higher than they were a year ago (by 1% to 5%, depending on which measurement is used). But the price-reductions trend seems like it is poised to slow down. It looks as if home prices in 2024 will remain flat, at best, although 2023 offered a surprise and that could happen again as this year unfolds.

Read more at HousingWire.com

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