Bend Oregon Real Estate-There Is Not A Bubble

Everyone keeps talking about the "real estateon the NASDAQ today. They are selling for only
bubble." They talk about it as if it were the samefor a small fraction of the all time highs they sold
as the "tech bubble" we experienced in the stockfor in the late 90s. There were even grand
market a few years back. There is no real estatemothers pulling money out of their savings
bubble in Bend Oregon. Yes, prices are inflated andaccounts to buy stocks.
need adjustment but there is no bubble.The tech bubble was caused by greed and a
Bend Oregon is one of the most desirable placesbuying frenzy which can not be compared to the
to live in the United States. Money Magazine ranksreal estate market in Bend, Oregon. Yes, there
Bend as the 86th best town to live in the Unitedhave been investors in the past that would sign a
States. Bend has two of the top 10 golf coursessales agreement to buy a new home that had
in Oregon, Broken Top Club in Bend andnot started construction yet, wait the 6 to 8
Crosswater in Sunriver.months it would take to build it and then sell it for
Mount Bachelor has been said to have the besta nice profit. It's easy to make a profit when
skiing powder in the Western United States. Thevalues are rising 35% a year and there are not
Deschutes River that runs through the middle ofmany choices for the out of state buyer's that
Bend is a nationally famous trout stream.are moving to Bend to take advantage of its
The Bend job market remains in the spot light. Agreat life style.
recent report from the Federal Deposit InsuranceToday there are many more homes on the
Corporation, or FDIC said that Bend was the 35thmarket than there were this time last year. The
fastest growing job market in the country for theMultiple Listing Service of Central Oregon shows a
second quarter of 2006.19.32% decrease in the number of homes sold in
This easily places Bend as the top job market inthe third quarter of 2006 as compared to the
Oregon. Oregon ranked sixth for its job marketsame quarter of 2005. Some investors and
among all states during the same period. Tax wisebuilders are stuck with inventory whose value is
Oregon has recently been named as one of thecoming down. Homes are taking longer to sell and
most "business friendly" places to start a business.there are many more to choose from.
Many business owners looking to move theirConsidering the great job market in Bend, the
companies look to Bend for its great livability.fact interest rates are low and gas prices
There is an abundance of sunshine, clean air,continue to fall points to a correction that will
many outdoor activities and it's just a great placeprobably turn around next spring. Investors have
to live.stopped buying single family homes and builders
Supply and demand will always hold the value ofare slowing down their construction.
Bend real estate up. It's a matter of simpleBend will be in a buyer's market until next spring.
economics, when demand is larger than supplyPeople who can sell their property out of state
prices remain high. Luckily for some buyers now isare now in the driver's seat when it comes to
a good time to buy.buying real estate in Bend. Sellers are willing to
Prices of homes in Bend are falling. One newernegotiate.
home that was listed in the Central OregonSome builders are throwing in upgrades for free.
Multiple Listing Service for $399,500 in DecemberAppliances, hardwood floors, extra landscaping,
2005 remains on the market today at a list pricegranite counter tops and other construction items
of $339,900. It is looking like a good buy andare sometimes free for the asking. This is giving
there are several like this one to choose from.buyers more value for their money.
The tech bubble of the 1990s was fueled byWhen the tech bubble burst there were millions of
speculation. Almost everyone was buying techshares sold driving the price down to realistic
stocks. Sun Micro Systems, Microsoft, Intel, Appleprices. The real estate market in Bend is going
computer, Cisco Systems, Applied Materials, Levelthrough a correction with prices gradually coming
3 Communications, Yahoo, Dell Computers, Oracle,down. This is an excellent opportunity to buy real
Juniper Networks and Qualcomm were only a fewestate in Bend Oregon. There is no real estate
of the high fliers.bubble in Bend.
Some of these companies are still volume leaders