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Wow, can't believe how Bend prices have dropped!

Today I ran a search of stick built homes priced $150k or less in zip code 97701 and there were 43 listings! I remember looking hard to find one or two listings under $250k not so long ago. I wish I had money to buy a few houses now. At $150k, they would pencil as rentals. MLS statistics for the past couple of months are showing a lot of activity in this price range. I don't want to sound like a cheeseball, but now really is a good time to buy if you have money. These times are really insane-I have lived through several recessions and never remember being impacted as I have this time around. The big difference I am seeing this time, is that even people with money are holding back. Perhaps it is because most people have lost so much on their stock portfolios and perhaps real estate investments. At least some of the market is moving though.

Posted Wednesday Apr 15