Monthly Archives: March 2009

Update on the Homeowner Affordability & Stability Plan

The Making Home Affordable plan is part of President Obama’s strategy to get the economy and housing market back on track. It is estimated that this plan could help up to 9  million homeowners avoid foreclosure. On March 4, 2009 the Treasury Department released detailed guidelines of the plan. I am summarizing what I think are […]

Bend Real Estate Statistics February 2009

There are currently 1832 homes on the market in Bend. In February 76 homes sold, 171 are pending, and 94 are contingent. Of the 1832 homes for sale, 372 are short sales or foreclosures assuming the listing agent coded the house correctly in the MLS. Since I know that at least one of the sales in February was bank owned and it was not coded that way, I’m sure there are more than 372 distressed properties on the market.