Home Prices in Bend Oregon
The prices of homes in Bend continue to decline and the number of Bank Foreclosures continues to increase. But if you look at the curve it looks like we may be topping out on the number of foreclosures. We will definitely see foreclosures over the next year or so but I predict a bottom to the Bend Oregon real estate market this spring/summer. Barring any more catastrophic news.
The last 3 bank owned homes I wrote offers on each had multiple offers. I also have several out of state buyers coming to Bend this spring, summer and fall to buy houses. They have money and money is available to borrow around 5% interest despite the misinformation on the news. You do need verifiable income and good credit just like the good old days!
Now is the time to buy. Interest rates are low. Prices are down and there is a great inventory to choose from. There's money to be made when you buy Bend Oregon real estate.
If you’re serious about buying Bend Oregon real estate you should sign up for Jim’s free New Listing Notification Service or call or e-mail Jim today. Jim Johnson is a Certified Residential Specialist and has been selling quality homes in Bend Oregon since 1981. Call 541-389-4511 or see his web site to search the MLS - Bend Oregon Real Estate Expert. Jim is licensed by the State of Oregon as the Principal Broker for Bend Oregon Real Estate Expert.