BUYERS & SELLERS

The 30-year fixed eased to 6.67% this week per Freddie Mac, down from last week’s one-year high of 6.76%, the first pullback after a month of steady climbing.
Grants Pass homes are going to pending in about 26 days on average, with the typical closed sale at $387,500, per Zillow, holding steady even as national headlines call this a buyer’s market.
Active homebuyers nationally fell to a record low in July, 966,752, with sellers now outnumbering them by 51%. Pending home sales still edged up 0.4% in the four weeks ending August 9, buyers on the sidelines trickling back in.

INVESTORS & DEVELOPERS

Medford developer KDA Homes is seeking to rezone 6.5 of a 24.5-acre parcel at South Stage Road and Orchard Home Drive from residential and farmland to Community Commercial, reserve acreage for future use, nothing built yet.
Medford broke ground on a $330 million upgrade to its Regional Water Reclamation Facility, the wastewater capacity the region needs before it can absorb its next wave of residential and commercial growth.
The Rogue Regency, one of Medford’s largest hotels, changed ownership and starts a two-year renovation this year, while the voter-approved Creekside Quarter (hotel, stadium, retail, and housing along Bear Creek) moves into design, the first major push on downtown Medford redevelopment since last November’s ballot measure.

Josephine County approved a $500,000 CDBG housing rehabilitation program with Home Bridging, covering roof, septic, well, and accessibility repairs for 20 to 25 qualifying low-income homeowners.
Southern Oregon Sanitation, the family-owned trash and recycling hauler that’s served Josephine County for nearly 80 years, sold to an affiliate of Waste Connections, a national waste giant. Leadership says service stays the same for now, but a local institution just became a national one.
A street overlay project on Churchill, Gladiola, and N Street runs through August 31, fresh pavement for those corridors once the rolling closures wrap up.

Questions about what any of this means for your situation? Get in touch.