After
anchoring the bottom of national housing appreciation statistics eight years
ago the greater Bend real estate market is maintaining its position in the top
10 as measured by the Federal Housing Finance Administration.
In
its latest statistical report, FHFA ranked Bend No. 8 in appreciation among 276
MSAs tracked with a 12-month increase of 18.99%. For the second quarter of 2014
Bend housing rose 4.61% year-to-year, and in the past five years 6.61%.
At
one point during the super-heated market of 2006 Bend was No. 1 each quarter in
FHFA appreciation rankings, before slipping to No. 7 in the first quarter of
2007. By the end of 2009 the Bend MSA – including Deschutes County –was dead
last among 299 MSAs tracked at that time with a 20.55% loss in home values.
Bend
continued to bounce along the bottom among all MSAs and at the end of 2009
grabbed the dubious distinction of passing the Las Vegas area as the worst
market in the country. It held that position until being barely edged aside for
the bottom spot in the 3rd quarter of 2010 by the Daytona Beach area of
Florida.
For that quarter, the last one reported through early 2011
by the federal agency, Bend was 298 among 299 MSAs with a one-year negative
appreciation of -13.73% and -24.35% for the previous five years.
