Bend has had the biggest decline in home values between Q2 and Q3 of 2009, in the whole country! While that market has been having major issues for a long time, this large of a decrease- 5.6% according to IHS Global Insight's report "House Prices in America"- is really bad news. Eventually the market will pick back up in Central Oregon's largest city, but it may take a long time, especially since the real estate market has not yet hit bottom.
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