Foreclosures and short sales continue to go on the market in Central Oregon, but realtors say its not decimating the market as feared. Builders are starting to build again because inventory is getting so low.
Terry Skjersaa with Duke Warner Realty says things are looking up. “Builders can build and there's demand for it and the builders who are building are selling. They are going under contract before even finished.” Distressed properties accounted for more than 60% of the homes on the market in Bend in 2009. Today it accounts for 11%.
