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Bend Oregon Real Estate-There Is Not A Bubble

Everyone keeps talking about the "real estate
bubble." They talk about it as if it were theSome of these companies are still volume
same as the "tech bubble" we experienced inleaders on the NASDAQ today. They are selling
the stock market a few years back. There isfor 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 butwere even grand mothers pulling money out of
there  is  no  bubble.their  savings  accounts  to  buy  stocks.
Bend Oregon is one of the most desirableThe tech bubble was caused by greed and a
places to live in the United States. Moneybuying frenzy which can not be compared to
Magazine ranks Bend as the 86th best town tothe real estate market in Bend, Oregon. Yes,
live in the United States. Bend has two ofthere have been investors in the past that
the top 10 golf courses in Oregon, Broken Topwould 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 bestit 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 the35% a year and there are not many choices for
middle of Bend is a nationally famous troutthe 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 FederalToday there are many more homes on the market
Deposit Insurance Corporation, or FDIC saidthan there were this time last year. The
that Bend was the 35th fastest growing jobMultiple Listing Service of Central Oregon
market in the country for the second quartershows 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 marketinvestors and builders are stuck with
in Oregon. Oregon ranked sixth for its jobinventory whose value is coming down. Homes
market among all states during the sameare taking longer to sell and there are many
period. Tax wise Oregon has recently beenmore  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 theircontinue to fall points to a correction that
companies look to Bend for its greatwill probably turn around next spring.
livability. There is an abundance ofInvestors have stopped buying single family
sunshine, clean air, many outdoor activitieshomes and builders are slowing down their
and  it's  just  a  great  place  to  live.construction.
Supply and demand will always hold the valueBend will be in a buyer's market until next
of Bend real estate up. It's a matter ofspring. People who can sell their property
simple economics, when demand is larger thanout of state are now in the driver's seat
supply prices remain high. Luckily for somewhen 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. OneSome builders are throwing in upgrades for
newer home that was listed in the Centralfree. Appliances, hardwood floors, extra
Oregon Multiple Listing Service for $399,500landscaping, granite counter tops and other
in December 2005 remains on the market todayconstruction items are sometimes free for the
at a list price of $339,900. It is lookingasking. This is giving buyers more value for
like a good buy and there are several liketheir  money.
this  one  to  choose  from.
When the tech bubble burst there were
The tech bubble of the 1990s was fueled bymillions of shares sold driving the price
speculation. Almost everyone was buying techdown to realistic prices. The real estate
stocks. Sun Micro Systems, Microsoft, Intel,market in Bend is going through a correction
Apple computer, Cisco Systems, Appliedwith prices gradually coming down. This is an
Materials, Level 3 Communications, Yahoo,excellent opportunity to buy real estate in
Dell Computers, Oracle, Juniper Networks andBend Oregon. There is no real estate bubble
Qualcomm  were only a few of the high fliers.in Bend.



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