Posts from August 29th, 2016
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Bend Real Estate | A Different Sort of Housing Bubble
Home prices in the Bend real estate market have joined numerous other major cities in surpassing the housing boom peak of 2006-2007. Other major U.S. cities that have set new highs according to
CNBC News today include Portland, Seattle, San Francisco, Denver, Dallas, Austin, Boston, Pittsburg, and Charlotte. Bend's average home price May through July, 2016 of $432,000 exceeds the previous high of $429,000 reached in the same months in the peak in 2007*. And with June 2016 marking 50 consecutive months of national price appreciation, the U.S. overall is within just 1.1% of a new national record high.
But the big question everyone is asking, is the Bend real estate market in another housing bubble like the one back in 2007? The answer is yes… and no. While we are experiencing once again the rapid growth...