Wednesday, June 27, 2012

April 2012 Home Price Index Climbs

The Bend Bulletin, Bend, Oregon's local news paper reported that the Nations largest cities price index increased over March after seven consecutive months of decline. 

The Standard & Poor's/Case Shiller index increased 1.3 percent month over month but was still down 1.9 percent from April of last year. 

It's my opinion that the month to month numbers are not as important as the year to year figures.  That being said it's encouraging that prices were only down 1.9% from last year.  That tells me that our real estate market is bottoming out nation wide.

Bend Oregon real estate is now a good buy with prices down over 50% from the boom years.  Once more people start selling their homes nation wide they will start to move to Bend and we will see our prices start going up.

It looks like now is the time to buy a home in Bend before the word is out that our prices are going up.  To search homes currently for sale in Bend click on this LINK.

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