Foreclosure filings in July increased nearly 7 percent from June nation wide. That's up 32 percent from the same time last year. Wednesday the Federal Reserve issued a statement saying that the recession is ending. It keeps looking like the bottom of the Bend Oregon real estate market. Bend Oregon Bank Foreclosures For Sale
Sales are picking up but there will be plenty of time to find a great home in Bend. The pipeline of bank foreclosures is full and we should have a good supply for the next year or so. I don't look for prices to pick up until next year, probably in the spring.
Well priced homes are selling relatively fast. I just sold a home in Northwest Crossing that was on the market for 23 days when my client bought it. It was not a bank foreclosure but was well priced by an owner who understood the market and priced his property to sell.
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. 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
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