You want to see what bumping along the bottom looks like? Check out the graph in the business page of the Bulletin today. "Bend Home Prices At 6-Year Low."
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When the bust commenced I'd say to people who came in the store planning to buy a house -- "Wait 2 years." I started saying this in about 2007. I think I could probably say the same thing today -- at the very least, there isn't much jeopardy of the housing prices shooting up.
I regret that Bend Economy Board no longer posts their very handy "price changes" graph. It used to be 99% down arrows a couple of years ago, and if I was on the haunt (boo!) for a house, I would want to know about that.
I suspect it would be a whole lot worse if all the underwater and held back houses suddenly appeared on the market. It appears to me that they are trying hard to hold the line at about where it's at, thus the picture of a bumpy road.
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When the bust commenced I'd say to people who came in the store planning to buy a house -- "Wait 2 years." I started saying this in about 2007. I think I could probably say the same thing today -- at the very least, there isn't much jeopardy of the housing prices shooting up.
I regret that Bend Economy Board no longer posts their very handy "price changes" graph. It used to be 99% down arrows a couple of years ago, and if I was on the haunt (boo!) for a house, I would want to know about that.
I suspect it would be a whole lot worse if all the underwater and held back houses suddenly appeared on the market. It appears to me that they are trying hard to hold the line at about where it's at, thus the picture of a bumpy road.