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Local News

Local Housing Market Ready to Shine


The National Association of Home Builders says Bend is one of four cities added to it's “100 Housing Markets That Will be Improving in May.” It's a detail that is not necessarily "news" to local realtors; they are already seeing that action on the streets.  Our news partner, News Channel 21 spoke with Kathy Ragsdale,  the CEO of the Central Oregon Association of Realtors who says the numbers look very good for new construction  which is up considerably compared to six months ago.   "New construction is becoming more valuable. People are willing to pay more for new homes, and that's always a good sign for the economy." Six months ago the  average buyer spent $156 a square foot on a brand-new home. Today, that number has jumped $20 to $176 a square foot. Thursday’s "Take Five," we have an in-depth report on the local housing market, including news from south county where some people still believe its sleepy down there.

 

 

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