According to a recent article in The Bulletin, the Central Oregon housing market showed signs of improvement in the third quarter. Home sales were the highest they’ve been since 2007. The increased activity can be attributed to several factors; the $8000 first time buyer tax credit, historically low interest rates, government sponsored financing options, and low home prices.
Although we’re not out of the woods yet, this is good news. As we approach the “slow season” for the real estate market in Bend, I’m anxious to see if sales follow a normal decline for this time of year or if the number of sales drastically falls, when the tax credit incentive ends.
Here’s the complete article: Bend Bulletin – Home sales up as prices level out