| Everyone keeps talking about the "real estate | | | | |
| bubble." They talk about it as if it were the | | | | Some of these companies are still volume |
| same as the "tech bubble" we experienced in | | | | leaders on the NASDAQ today. They are selling |
| the stock market a few years back. There is | | | | for only for a small fraction of the all time |
| no real estate bubble in Bend Oregon. Yes, | | | | highs they sold for in the late 90s. There |
| prices are inflated and need adjustment but | | | | were even grand mothers pulling money out of |
| there is no bubble. | | | | their savings accounts to buy stocks. |
| | | | |
| Bend Oregon is one of the most desirable | | | | The tech bubble was caused by greed and a |
| places to live in the United States. Money | | | | buying frenzy which can not be compared to |
| Magazine ranks Bend as the 86th best town to | | | | the real estate market in Bend, Oregon. Yes, |
| live in the United States. Bend has two of | | | | there have been investors in the past that |
| the top 10 golf courses in Oregon, Broken Top | | | | would sign a sales agreement to buy a new |
| Club in Bend and Crosswater in Sunriver. | | | | home that had not started construction yet, |
| | | | wait the 6 to 8 months it would take to build |
| Mount Bachelor has been said to have the best | | | | it and then sell it for a nice profit. It's |
| skiing powder in the Western United States. | | | | easy to make a profit when values are rising |
| The Deschutes River that runs through the | | | | 35% a year and there are not many choices for |
| middle of Bend is a nationally famous trout | | | | the out of state buyer's that are moving to |
| stream. | | | | Bend to take advantage of its great life |
| | | | style. |
| The Bend job market remains in the spot | | | | |
| light. A recent report from the Federal | | | | Today there are many more homes on the market |
| Deposit Insurance Corporation, or FDIC said | | | | than there were this time last year. The |
| that Bend was the 35th fastest growing job | | | | Multiple Listing Service of Central Oregon |
| market in the country for the second quarter | | | | shows a 19.32% decrease in the number of |
| of 2006. | | | | homes sold in the third quarter of 2006 as |
| | | | compared to the same quarter of 2005. Some |
| This easily places Bend as the top job market | | | | investors and builders are stuck with |
| in Oregon. Oregon ranked sixth for its job | | | | inventory whose value is coming down. Homes |
| market among all states during the same | | | | are taking longer to sell and there are many |
| period. Tax wise Oregon has recently been | | | | more to choose from. |
| named as one of the most "business friendly" | | | | |
| places to start a business. | | | | Considering the great job market in Bend, the |
| | | | fact interest rates are low and gas prices |
| Many business owners looking to move their | | | | continue to fall points to a correction that |
| companies look to Bend for its great | | | | will probably turn around next spring. |
| livability. There is an abundance of | | | | Investors have stopped buying single family |
| sunshine, clean air, many outdoor activities | | | | homes and builders are slowing down their |
| and it's just a great place to live. | | | | construction. |
| | | | |
| Supply and demand will always hold the value | | | | Bend will be in a buyer's market until next |
| of Bend real estate up. It's a matter of | | | | spring. People who can sell their property |
| simple economics, when demand is larger than | | | | out of state are now in the driver's seat |
| supply prices remain high. Luckily for some | | | | when it comes to buying real estate in Bend. |
| buyers now is a good time to buy. | | | | Sellers are willing to negotiate. |
| | | | |
| Prices of homes in Bend are falling. One | | | | Some builders are throwing in upgrades for |
| newer home that was listed in the Central | | | | free. Appliances, hardwood floors, extra |
| Oregon Multiple Listing Service for $399,500 | | | | landscaping, granite counter tops and other |
| in December 2005 remains on the market today | | | | construction items are sometimes free for the |
| at a list price of $339,900. It is looking | | | | asking. This is giving buyers more value for |
| like a good buy and there are several like | | | | their money. |
| this one to choose from. | | | | |
| | | | When the tech bubble burst there were |
| The tech bubble of the 1990s was fueled by | | | | millions of shares sold driving the price |
| speculation. Almost everyone was buying tech | | | | down to realistic prices. The real estate |
| stocks. Sun Micro Systems, Microsoft, Intel, | | | | market in Bend is going through a correction |
| Apple computer, Cisco Systems, Applied | | | | with prices gradually coming down. This is an |
| Materials, Level 3 Communications, Yahoo, | | | | excellent opportunity to buy real estate in |
| Dell Computers, Oracle, Juniper Networks and | | | | Bend Oregon. There is no real estate bubble |
| Qualcomm were only a few of the high fliers. | | | | in Bend. |