Bend's Home Prices Slide, But May Still Be Overvalued
Portland, OR March 10, 2009 8:41 a.m.
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downloadA year ago this week, we learned that Bend was the most overvalued home market in the country.
In fact, according to that research from National City Bank, at its peak, the average home in Bend overvalued by 78%.
Homeowners there can confirm that research. Today, the city's foreclosure rate is sky-high, and most homes have lost value.
Let's get an update from Ethan Lindsey. He's OPB's Central Oregon correspondent.
© 2009 OPB
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