Posts from July 16th, 2021
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What Has Happened with Bend Home Prices?
Bend Oregon Real Estate Prices Escalated During Covid
We typically look at Bend real estate trends based on comparisons each month - seeing what the data shows the same month a year previously. This has resulted in some startling information, especially when trends over the past year are reviewed. The Covid pandemic impacted the Bend Real Estate market in ways we never anticipated when the initial stay at home orders were given. However, to get a full idea on what has happened to Bend home prices, it is often very helpful to look at a longer timeline.
Ten years ago Bend was just starting to turn around from the Great Recession in which poor lending practices led to the mortgage melt down. Real estate brokerages' businesses consisted of working with short sales and foreclosures. It was a very strong buyer's market with months of supply well over six months in all prices poin...