Consumer Confidence Jumps
The Associated Press reported that consumer confidence soared as of May 19th to the highest level since last September. Economists were expecting 42.3 and the level jumped to 54.9. Levels were at a historic low in February at 25.3, four short months ago.
Consumer confidence is just another of many indicators that the Bend Oregon real estate market is close to hitting a bottom. The average number of bank owned homes for sale in Bend has dropped from 115 to 75. While the number of bank foreclosed homes sold has jumped from 30 a month to 59 as of the middle of May.
More homes are selling and interest rates are near all time lows below 5%. Plus first time home buyers get an $8,000 tax credit if they buy a home in 2009. There's still a great selection of well priced homes for the smart buyer to choose from.
If you’re thinking about buying Bend Oregon real estate 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. Call 541-389-4511 or see his web site to search the MLS - Bend Oregon Real Estate. Jim is licensed by the State of Oregon as the Principal Broker for Bend Oregon Real Estate Expert. E-MAIL