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?