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Local News

Critical Housing Report Criticized


A Central Oregon real estate agent who's been in the industry for 17 years is reacting today to a national report from "Housing Predictor" that names Bend as number one for the worst housing markets in 2011. Cat Zwicker-Grant, Principal Broker for Desert Sky Real Estate, says the article was generated in Scottsdale Arizona and is using data that is behind the current trend. She says "Housing Predictor" is probably looking at high foreclosure numbers for Bend thru the end of April. "Is that number a trueness of where the housing market is going? Or is that catching up in a self-correction? And so what would've been better to see with that is the May numbers, which show that while we do have 245 more homes in default that a 17% decline over the same period last year.  So that shows that that would be signs of improvement.” Yesterday's article in "Housing Predictor" ranked the 25 worst housing markets in the country and put Bend as number one with a projected price drop of 11% for this year.

 

 

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