Fed Cuts Interest Rates by 0.5%: What It Means for Homebuyers and the Economy

On September 19, 2024, the Federal Reserve made a notable decision, cutting interest rates by 0.5%. For aspiring homeowners, this move could offer a much-needed boost as they step into the world of homeownership. Lower rates generally translate to lower borrowing costs, and for homebuyers, this means more affordable monthly mortgage payments.

The Benefits for Homebuyers

For someone purchasing a home, even a small reduction in interest rates can have a significant impact on monthly payments. Let’s break down the math. On a typical 30-year fixed mortgage of $400,000 at a rate of 7%, the monthly principal and interest payment would…

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The past few years have been tough for buyers. And if you think back to before the pandemic, you’ll likely remember hearing that spring was always the ideal time to buy a home. After all, that’s when the majority of homeowners list their homes for sale, and more homes on the market means more options for buyers. 

 

This fall, however, marketing conditions are aligning in favor of homebuyers in many markets, creating a unique window that hasn’t happened in recent years. Realtor.com even named September 29 - October 5 the best week to buy a home in 2024. 

 

"This year buyers who are looking for that optimum mix of ample options and the potential to save on list price are going to find some of the best market dynamics in years during the first…

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Sisters, Oregon: An Evolving Market

The real estate market in Sisters, Oregon, is experiencing a notable transformation. Inventory levels have been steadily rising, providing more options for buyers who have been facing limited choices in recent years. This increase in inventory is particularly evident in the luxury segment, with a record number of homes priced over $1 million now available.

While the surge in high-end listings is significant, properties below the $1 million mark remain fiercely competitive. Buyers in this price range are often met with multiple offers, underscoring the continued high demand for more affordable homes.

National Trends: Uncertainty and Anticipation

On a national level, the real estate market is marked by a mix…

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Introduction

Wildfires are an ever-present threat across the Western United States, and communities in Central Oregon are no exception. As a homeowner, you might be aware of the risk, but do you know how to effectively protect your property? Taking proactive steps now not only safeguards your home but also enhances your eligibility for fire insurance—a crucial component of comprehensive home protection. This e-book will guide you through the importance of defensible space and Firewise protections, providing actionable steps to fortify your property against wildfires and ensure peace of mind.

Chapter 1: Understanding Defensible Space

What is Defensible Space?

Defensible space is a buffer zone created between your property and the surrounding…

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Navigating Central Oregon's Real Estate Landscape Amid Economic Shifts

In recent weeks, the real estate market has seen its fair share of fluctuations, driven by factors such as inflation concerns and government debt. As we approach the pivotal Federal Reserve meeting, it's crucial to analyze how these economic shifts might impact Central Oregon's real estate market in the near future. At Fathom Realty Oregon, we leverage our decades of experience and commitment to five-star service to help our clients navigate through changing market conditions with confidence.

Evaluating Economic Indicators

The recent uptick in interest rates, spurred by higher inflation numbers and increased U.S. debt sales, has caught the attention of both investors and…

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Unveiling Central Oregon: 5 Hidden Truths About Living in This Enchanting Region


Are you considering relocating to Central Oregon? Nestled amidst the majestic Cascade Mountains, Central Oregon offers a unique blend of natural beauty, outdoor adventure, and vibrant communities. While many may be familiar with its picturesque landscapes and recreational opportunities, there are several lesser-known aspects that make living in Central Oregon a truly remarkable experience. Let's delve into five hidden truths about life in this enchanting region.

1. Diverse Climate Contrasts

One of the lesser-known facts about Central Oregon is its diverse climate. While the region is renowned for its high desert landscape and…

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In the picturesque landscapes of Central Oregon, the real estate market continues to captivate both local and out-of-state buyers seeking a slice of serenity amidst nature's grandeur. As we step into 2024, the dynamics of property hunting have evolved, influenced by shifting preferences and emerging trends. From Bend's vibrant cultural scene to Redmond's tranquil expanses, buyers are honing in on distinct priorities that redefine the quest for the perfect property. Let's delve into the top things buyers are seeking when exploring Central Oregon's real estate market in 2024.

  1. Sustainable Living Spaces: In harmony with the region's eco-conscious ethos, buyers are increasingly drawn to properties that embrace…

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