| Everyone keeps talking about the "real estate | | | | on the NASDAQ today. They are selling for only |
| bubble." They talk about it as if it were the same | | | | for a small fraction of the all time highs they sold |
| as the "tech bubble" we experienced in the stock | | | | for in the late 90s. There were even grand |
| market a few years back. There is no real estate | | | | mothers pulling money out of their savings |
| bubble in Bend Oregon. Yes, prices are inflated and | | | | accounts 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 places | | | | buying frenzy which can not be compared to the |
| to live in the United States. Money Magazine ranks | | | | real estate market in Bend, Oregon. Yes, there |
| Bend as the 86th best town to live in the United | | | | have been investors in the past that would sign a |
| States. Bend has two of the top 10 golf courses | | | | sales agreement to buy a new home that had |
| in Oregon, Broken Top Club in Bend and | | | | not 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 best | | | | a nice profit. It's easy to make a profit when |
| skiing powder in the Western United States. The | | | | values are rising 35% a year and there are not |
| Deschutes River that runs through the middle of | | | | many 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. A | | | | great life style. |
| recent report from the Federal Deposit Insurance | | | | Today there are many more homes on the |
| Corporation, or FDIC said that Bend was the 35th | | | | market than there were this time last year. The |
| fastest growing job market in the country for the | | | | Multiple 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 in | | | | the third quarter of 2006 as compared to the |
| Oregon. Oregon ranked sixth for its job market | | | | same quarter of 2005. Some investors and |
| among all states during the same period. Tax wise | | | | builders are stuck with inventory whose value is |
| Oregon has recently been named as one of the | | | | coming 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 their | | | | Considering 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 place | | | | probably turn around next spring. Investors have |
| to live. | | | | stopped buying single family homes and builders |
| Supply and demand will always hold the value of | | | | are slowing down their construction. |
| Bend real estate up. It's a matter of simple | | | | Bend will be in a buyer's market until next spring. |
| economics, when demand is larger than supply | | | | People who can sell their property out of state |
| prices remain high. Luckily for some buyers now is | | | | are 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 newer | | | | negotiate. |
| home that was listed in the Central Oregon | | | | Some builders are throwing in upgrades for free. |
| Multiple Listing Service for $399,500 in December | | | | Appliances, hardwood floors, extra landscaping, |
| 2005 remains on the market today at a list price | | | | granite counter tops and other construction items |
| of $339,900. It is looking like a good buy and | | | | are 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 by | | | | When the tech bubble burst there were millions of |
| speculation. Almost everyone was buying tech | | | | shares sold driving the price down to realistic |
| stocks. Sun Micro Systems, Microsoft, Intel, Apple | | | | prices. The real estate market in Bend is going |
| computer, Cisco Systems, Applied Materials, Level | | | | through 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 few | | | | estate in Bend Oregon. There is no real estate |
| of the high fliers. | | | | bubble in Bend. |
| Some of these companies are still volume leaders | | | | |