ProWest Appraising

Interesting perspective from A2Z Home Loans regarding what’s happening in the Central Oregon market:

Late Feb 2023 Central Oregon Housing Market Trends — A2Z Home Loans Find out what’s happening with the Central Oregon housing market with this up-to-date look at buying and selling a home in and around Bend, Oregon.

Amazing how quickly the Bend market has recovered. Median values in 11/2011 were $166K! Home prices have approached pre-recession levels and I don't think they're done yet. Where is the peak? Check out this great article by the Bend Bulletin:

Bend home prices reach pre-recession level Barbara Randall began watching the Bend real estate market two years ago when she and her husband decided to move to Bend from Scottsdale, Arizona. The rising prices worried Randall, so soon after they found a buyer for their condo in February, they flew to Bend to find a house.“We thought, ‘Wow, we...

Appraisal fees are increasing, but the appraiser may not be the main beneficiary. Transparency of fees throughout all parties involved in the appraisal process is key. We're not there yet, but there's a full head of steam coming... Check out this article:

https://www.washingtonpost.com/realestate/paying-a-lot-for-an-appraisal-a-middleman-may-be-getting-a-large-part-of-the-fee/2017/03/20/acd52446-0d9a-11e7-ab07-07d9f521f6b5_story.html?utm_term=.26948222e10d

Paying a lot for an appraisal? A middleman may be getting a large part of the fee. Appraisers say they’re often barred from disclosing the size of surcharges.