10. Bend, OR
Home price forecast (1 year):* 3.3%
Poised where the Cascades meet the Great Basin desert, Bend is a sportsman's paradise, drawing tourists from all over the Northwest. Other economic engines include health care, tech services and wood products manufacturing. But unemployment is high, with 14.9% out of work as of December.

During the bubble, Bend was one of the strongest residential markets in the nation. Prices rose 130% from 2000 to early 2007 before dropping 34% since. A modest gain is projected for 2010, banking on the area's attractions to lure in enough new buyers, especially retirees, for prices to stabilize.
Is this a good time to buy a home in Bend?
Median family income:
Median home price:
Affordability index:
(Median home price/family income 2009)
Prices peaked in: 2007:Q1
Total climb during the boom:
(2000 to peak)
Total decline so far:
(Peak through 2009)
One-year change:
(Q4 2008 to Q4 2009)
Additional price change to bottom: -1.4%
When they'll hit bottom: 2010:Q2
*(Q1 2010 - Q1 2011)
† Data is for Bend, OR Metropolitan Statistical Area
Median home prices are for single-family homes through the third quarter of 2009, the most recent data available, and include sales of bank-owned properties.
Sources: Fiserv and Moody's
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