Dallas, Oregon
Community Newsletter
Your Local Guide to Living in Dallas. Follow us for the Latest Real Estate Updates, Upcoming Events, Featured Businesses, and Community Resources.
Featured Properties
Mortgage Minute
Highest Rates This Week, But Close Enough to Long Term Lows
Mortgage Update 08/15/2025
Friday proved to be the weakest day of the week for the underlying bond market and, thus, the highest day of the week for mortgage rates. Retail sales data was generally stronger than expected, especially when considering revisions and when focusing on the "core" numbers that strip out more volatile categories such as autos/fuel and building materials.
Bonds (which underlie rates) didn't move too much at first, but began losing ground amid the tougher Friday afternoon trading conditions. When bonds lose ground, it implies upward pressure on rates.
Several lenders reissued slightly higher rates in the afternoon. This technically made Friday the highest mortgage rate day of the week. That said, these rates are still much closer to long term lows than most of the past 10 months. In fact, apart from the past 9 business days, today's rates would still be the lowest since early October 2024.
Market Update
Events
Farmers Market
First & Third Saturdays
May 3 - October 18
9am - 2pm
Events
Sounds of Summer
Fridays
Starting July 11th
6pm
Shaunte Cruse | Oregon Realtor
NW Home Collective & Exp Realty
®
Should I Buy a Home Now or Wait?
At some point, you’ve probably heard the saying: “Yesterday was the best time to buy a home, but the next best time is today.”
That’s because homeownership is about the long game – and home prices typically rise over time. So, while you may be holding out for prices to fall or rates to improve, you should know that trying to time the market rarely works.
Here’s what most buyers don’t always think about: the longer you wait, the more buying could cost you. And you deserve to understand why.
Forecasts Say Prices Will Keep Climbing
Each quarter, over 100 housing market experts weigh in for the Home Price Expectations Survey from Fannie Mae, and they consistently agree on one thing: nationally, home prices are expected to rise through at least 2029.
Featured Businesses
Monthly Home Maintenance Tip!
In July, focus on preparing your home for summer and addressing any issues that may have developed over the winter and spring.
Key tasks include checking and cleaning gutters, inspecting and servicing your air conditioning, ensuring your pool is ready for use, and tackling pest control. Don't forget to clean your refrigerator coils and prepare your grill for outdoor cooking.
Need a reputable Contractor referral? Give us a call and we will connect you to one of our trusted service partners.
