With the market turbulence that Bend and the greater Central Oregon area has felt over the past few years, the outside 'Experts' opinion haven't been kind to an area that not too long ago was the national darling of real estate.
It appears that some of the 'Experts' are again finding Bend to be one of the attractive places to invest in real estate. CNN/Money has given Bend, Oregon it's #10 spot for best place to invest in real estate.
While the jury is still out on whether Bend and Central Oregon has reached the bottom of it's real estate depreciation, it is encouraging to see that a few of the larger News organizations are looking at Central Oregon with a positive outlook. Home sales have indeed been brisk and buyers are now jumping into the market.
The expiring tax credit is no doubt fueling a few buyers to jump off the fence and purchase a home, however their appears to be other buyers who are more interested in finding the right home that is suitable for them and if they miss the tax credit...no big deal.
Bend Oregon Short Sales and Foreclosures continue to play a large part of the total number of homes sold in the Central Oregon area and have proved to be a relief to many homeowners who were so upside down on the value of their home that they saw no light at the end of the tunnel.
Granted, it will be a number of years before we see property values climb to the levels we saw between 2004-2006, but that is the same story with pretty much any real estate market across the nation.
For the moment, things are looking up in Central Oregon and I for one am happy to see a bit of positive news being generated about an area I am so passionate about living in.
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