Report: Bend, Oregon housing most overvalued in Nation
Prices Drop for Second Straight Quarter -- Overvalued Markets Hit Hardest -- 4th QTR 2007Bend, Oregon tops the list of most overvalued housing in the nation, according to a new report released by Global Insight, an economic ...
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#1 Mar 10, 2008
The market is going through a naturally expected correction cycle but the area still remains as a desirable place to live and play. So I guess a house that used to cost $700,000 now goes for $500,000... I don't know about you but I'm a "working joe" and I still can't afford a $500,000 house... property in Bend is still work a pretty penny... if you have it, hold on to it. Once the market stabilizes the prices will continue to rise at moderate levels and Bend is a very good place to be, it was voted last year as by newsweek as one of the top 20 places to live in in America. God only made so mush land and He's not making any more.
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