BusinessInsider.com recently released a list of the top 15 housing markets for the next five years. Bend, Oregon was second best on the list. To determine rankings they used the Fiserv Case Shiller Indexes which survey over 370 housing markets throughout the U.S. comparing the price change between two arms-length sales of the same single-family home. If you like statistics you can read about their methodology here.
Most of the top 15 cities identified by the Fiserv Case Shiller Indexes are small cities like Bend and all of them have markets appreciating at over 8% annually. Bend home values are expected to appreciate at an annual rate of 11.7% from 2011 to 2016. Compare that to the national average appreciation of 3.7% and owning a home or homes in Bend looks pretty good. Where else can you get a return of over 11%? Plus, if the home you buy is a rental the return could be even better. If you buy well you could add 2% – 5% to your annual return. For those of you who invest in the stock market think of a rental home in Bend as a Growth and Income stock or mutual fund. You get the growth from the value of your home appreciating and income from the cash flow of your home as a rental. Please understand that nothing is guaranteed and just because someone says that the expected growth in Bend is 11.7% over the next five years doesn’t mean that it will be so. However, the Fiserv Case Shiller Indexes are a good indicator that there will be growth in home values over the next five years in Bend.
If you have ever considered owning an investment property, especially in Bend, now is a pretty compelling time to make a move. Take a look for yourself at the homes for sale in Bend. If you see any you like, give us a call. We’d be happy to show them to you.
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