Call Us: Laura: (949) 887-4377 Natalie: (541) 508-9581

Who’s Mortgage Are You Paying?


You ARE paying a mortgage— Is it yours or your landlord’s?


Last week we discussed the mortgage rates.  Home sales went down a little in the last few weeks—due to the late winter storms.

However, buyers are out “en force” now!

So, why should you jump on board?

Unless you’re living rent-free with your folks/family, you’re paying someone’s mortgage.  Is it yours?  Or are you paying your landlord’s mortgage?

Wouldn’t you like to have more control over simple things, like paint and carpet color, when repairs get done, etc.?

Overall, Mortgage rates are up about 4.4% over the past 12 months.  This is a pretty stable rate.  In years past, we saw rates increase by .25% quarterly.  (This could be as much as a full percentage point in a year’s time!)


Is it a buyer’s or a seller’s market?

A buyers’ market is defined as

An economic situation in which goods or shares are plentiful and buyers can keep prices down.”

A seller’s market is defined as

“An economic situation in which goods or shares are scarce and sellers can keep prices high.”


“In a strong seller’s market, like the one we have experienced over the past few years, bidding wars are common and expected. This makes sense! A seller’s market is defined as a market in which the inventory of homes for sale cannot satisfy the number of buyers who want to purchase a home.

According to the Cambridge English Dictionary, bidding wars occur when two or more parties repeatedly outbid each other as they compete to purchase something- in this case, a home.

In some areas of the country, first-time buyers have been met with fierce competition throughout their experience. Some have been out-bid multiple times before finally winning a bid on a home to call their own.

According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), there is currently a 3.7-month supply of homes for sale.

With the current number of houses listed for sale and the level of demand from buyers, this means it would take 3.7 months for all the homes listed to sell if no additional listings came to market. Any supply number under a 6-month supply is considered a seller’s market. According to NAR, the housing market hasn’t had a 6-month supply of homes for sale since August 2012.” *


OK… it’s a seller’s market.

The good news for buyers, however, is that the local inventory is growing, according to NAR.   The “right” time to buy is weighted heavily on a good balance between home price and mortgage rates.

With inventory starting to increase, and mortgage rates staying fairly stable, your opportunity may just be here to make your move!

You’re already paying that mortgage… why not get something in return… like home ownership?




Experience Bend Living 

Career Path
Laura Blossey
With an impressive business career under her belt, Laura is a valuable asset to Cascade Sotheby's International Realty and clients alike. After earning her B.A. from Vanderbilt University, and M.B.A. from the University of Iowa, Laura managed nationwide business units for Arthur Andersen, a former "Big 5" accounting firm, and then was hired by a global software company to forge a national alliance with the executives at Deloitte & Touche. The experiences were invaluable for learning the delicate art of negotiation, the importance of strong presentation and communication skills, and the necessity of accountability and thorough follow-up.

More recently, Laura developed a pro forma-based marketing program and sold large quantity import goods to clients based on forecasted profits, thus speaking to clients' bottom line, not her own. With this scale of alliance building and developing sophisticated sales and marketing plans, it's no wonder that Laura can put the biggest deals together in real estate.

Natalie Vandenborn
Prior to her real estate career, Natalie practiced respiratory therapy with an emphasis on Neonatal and Pediatric Intensive Care and Critical Care Transport for 20 years. This experience prepared her well for a successful and rewarding real estate career. There are so many similarities and acquired skills that have allowed her to be excel in both careers.

A strong sense of doing what is right and putting her clients first, Natalie has unwavering dedication, compassion, open communication and strong negotiation skills. She will ensure your real estate transaction will be a positive one. Buyers and sellers alike receive the exceptional service they deserve and want. For the last three years she has specialized in new construction and loves every minute of it!

Personal Interests
Laura enjoys many of the things that make Bend an amazing place to live: trail running, mountain biking, alpine skiing, snow shoeing, reading, cooking/ entertaining and raising her twin children and 2 dogs together with her husband.

Natalie loves calling Bend home. She shares her life with husband, Doug, daughter Taylor, son Jesse and likes running, mountain biking, hiking, backpacking, golf, cross country and downhill skiing. Natalie will share her passion for the area she lives, works and plays in.
Why We Love Living In Bend, Oregon
Dear Adventurer, We LOVE this short video because it shows more than words can tell why so many Bendites love living here-- Enjoy!

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