Move to Bend Oregon
If you have been thinking about a move to Bend Oregon now is the time. Interest rates are around 5.5%. I can remember in the early 80s when everyone was really excited when rates fell to 12% from 16%. I look for interest rates to slowly start back up this summer. They usually do.
Prices are down substantially. I've seen Bank Foreclosures selling for less than 50% of what they sold for 2-3 years ago. There's a great choice of properties to choose from. Inventory of homes for sale in Bend is way up. There are some really good buys to be made for the diligent shopper.
I look for the real estate market to bottom out this spring/summer. Once that happens I think some of the better buys will be snatched up. There are many buyers sitting on the fence waiting right now. I think once everyone realizes we've hit bottom the market will see a rush of buyers. We are seeing multiple offers on some bank owned properties right now!
It's virtually impossible to time real estate prices and interest rates simultaneously for the ultimate deal. Interest rates were already below 5% a couple of months ago. One thing is for sure. Home prices in Bend and interest rates will eventually go up. So if you can buy the perfect house at a great price at a super low interest rate what are you waiting for?
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 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 a Principal Broker for Bend Oregon Real Estate Expert.