Check the statistics! National statistics (posted monthly and annually by the National Association of Realtors) indicates that in a healthy market home ownership is 62%, a number that has held steady historically in all markets for decades. That is that 62% of the adult U.S. population are homeowners. In 2006 that reached 69%, and we all know what happened from there. After the correction we are seeing at present, homeownership is at 64% as prices are dropping, dropping, dropping. There remain, however, statistically 7% more homes than there would "normally" be that were built to accommodate this increased and perhaps artificial demand,
So who is sopping up this well-priced inventory? Yes, it is first-time homebuyers, but that will only take up so much of the available homes, particularly in the lower price ranges. Most people who have recently owned but have sold or lost their homes will become once again renters. The more important component of buyers scooping up fabulous buys nationally as well as here in Central Oregon in Bend homes for sale, all of our MLS listings and even Central Oregon ranches and farms is INVESTORS! So come take advantage of this perfect storm of opportunity.
Call me or email me and I will share with you what at present I believe are great deals, but be aware that you will have to act fast. I know that sounds like "sales talk," but truly we are seeing multiple offers. How about a bank owned great home on 10 acres very close to town (Bend) for $269,000? Offers cannot be submitted until Feb 8, so you do have a little time on this one. How about a drop-dead gorgeous home in an excellent neighborhood, 3,365 sq ft, 4 bedrooms and 3 baths, magnificent kitchen, cherry floors for $365,000? And finally, a 3,213 sq ft home with lots of room to spread out, also 4 bedrooms and 3 baths on 1/2 acre with mature landscaping in a lovely setting?
So come scoop up the bargains that are Bend Oregon homes for sale, Central Oregon ranches and farms and indeed much of the MLS listings in Bend and surrounding areas.