Posts in category 'Uncategorized'

AI and Real Estate: What You Need to Know

If you've used ChatGPT or a similar AI tool to get a sense of what your home might be worth, you're not alone. A lot of people are doing it. It's fast, it's free, and it gives you an answer that sounds confident and well-researched. But before you take that information and run with it, there are a few things you should know about how AI actually works, and where it falls short.

Understanding AI's Limitations
AI is incredibly powerful, but it's also incredibly limited. It pulls from massive amounts of data and delivers answers that sound authoritative, but it doesn't actually know your market.

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Its a Mixed Market for Bend Home Sales

August is usually a month where home buyers with young children close their purchases and get settled before school starts. It is also a month in which sellers who didn't sell their properties during the peak summer selling season consider their next options. Often, for those who really need to sell, lowering the asking price can be the answer. For others, taking their property off the market may make more sense. However, in 2025, the August Bend home sales reflected a mixed market with prices up, closings up, inventory up and days on market up.

When August 2025 is compared with August 2024, th...

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