Bend Oregon Real Estate Recovery
The recovery of the real estate market in Bend Oregon may be starting now. The number of bank foreclosures for sale is down to around 75 listing for sale in where as a few months ago the inventory was steady around 100 in the Central Oregon Multiple Listing Service.
We are now seeing multiple offers on homes that are priced right. I just wrote an offer on a bank owned home that had been on the market for 2 days. There was already one offer with at least another on the way. My client wrote her offer $23,000 over the list price which is still a great buy.
I look for our prices to bottom out this next spring. It's my opinion that from now through next spring is the time to buy Bend Oregon real estate. Below is a wire service article on the economy.
NEW YORK (WKOW) -- More than 80 percent of private economists surveyed believe the recession is over, according to a new survey released Monday by the National Association for Business Economics.
At the same time, however, those same economists agree recovery will take time amid worries over unemployment and the federal debt.
They estimate the U.S. economy will expand at a rate of nearly 3 percent in the second half of 2009 and through 2010.
Economists predict the housing market recovery will gain momentum next year and estimate housing prices will rise around 2 percent in 2010.
If you’re thinking about buying a home in Bend you should sign up for Jim’s free New Listing Notification Service or call or e-mail today. Jim Johnson is a Certified Residential Specialist and has been selling quality homes in Bend Oregon since 1981.