There are more and more signs that the Bend Oregon real estate market may be hitting bottom. For the first time in over two years the unemployment in Deschutes County has declined. Leading economist state that sustained reduction in unemployment is a sure sign a recession is over. We'll see what next month brings.
Retail sales are on the rise. Consumers are spending more money now than they have in a long time. Retail sales bottomed out in April and have been on the rise every since. Consumer confidence surveys show that consumer confidence is definitely on the up-swing.
Economic leading indicators are also up. They bottomed out in May and are increasing monthly. Leading indicators often predict what will happen to the economy in the future.
Prices of homes sold in California are up 7% for the first time in over two years. The California real estate market is a leading indicator as to what will happen to the Bend Oregon Real Estate Market. The price of homes sold in Bend also rose slightly last month. Time will tell on that one. There are still plenty of bank foreclosures lined up for the next year.
Prices of homes for sale in Bend are very attractive. Interest rates are near all time lows and there are numerous signs that now is the time to buy real estate in Bend Oregon.
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