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Local News

Bend's Housing Market Gets Mixed Reviews


The Bend housing market is again making headlines. Today in an article the "Housing Predictor" ranked Bend as number one in the worst 25 housing markets for 2011. The national article from the "Housing Predictor" ranked the top 25 markets where they are projecting the largest home price drops. Bend ranked number one with a predicted price decline of about 11.5%. Las Vegas was second at 10.8% and Atlanta, Georgia made the list, but just barely, at number 25. The report estimated homeowners will see an 8.2% drop this year. There is a silver lining to the national article: overall, it says home prices across the country are stabilizing.  One reason the article gave for Bend being number one could possibly be the fact that we're such large market of second homes.

 

 

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