NewsBrief June DCT-La Pine

Page 1


 New affordable housing project breaks ground in SW Bend

 Bend considers historic housing style, increased ADUs and relaxed restrictions to help housing crunch

 Redmond Airport Gets Final Costs Approved, Construction to Begin Soon

 Tourism Could Boost Oregon’s Economic Recovery But Travel Oregon Needs Better Oversight

 OSU-Cascades contributed nearly $90 million to region in 2024, economic impact report finds

Residential

 US housing market now has 500K more sellers than buyers and it’s leading to a shift in the balance of power

 Inflation and the housing market: Decoding the latest numbers

 Housing market at risk of "sustained downturn" as price growth cools

Lending Commercial

 Fannie Mae and Freddie Mac open the doors to Bitcoin: a turning point for the US real estate market

 Average long-term US mortgage rate drops to 6.77%, the lowest level since early May

 Dollar weakest since 2021 against euro as Fed rate cuts bets rise

 Commercial Real Estate Distress Is Spreading: Credit Weekly

 Conversion Momentum Builds as Rising Vacancies Push Cities Toward Adaptive Reuse

 U.S. Commercial Real Estate Market Turns a Corner Amid Rising AI Momentum and Shifting Demand Patterns

Deschutes Title

Becky Felix Escrow Officer Office: 541.389.2120

Libby Renfro Griffin Branch Manager/ Escrow Officer Office: 541.389.2120

Evie Henderson Escrow Manager/Escrow Officer Office: 541.389.2120

Kimmie Duncan Business Development Mobile: 541.390.3478

Email: libbyr@deschutestitle.com

La Pine Branch

Nicole

Email: teamfelix@deschutestitle.com

Email: evieh@deschutestitle.com

Email: kjduncan@deschutestitle.com

51515 Huntington Rd. La Pine, OR 97739 www.deschutestitlecom

Escrow Officer Office: 541.389.2120 nicoled@deschutestitle.com

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