Bend Oregon Real Estate Community Forum

With the daily influx of conflicting information on the state of our National, Regional, and local economies, it’s easy to feel like we are on a bit of a roller-coaster ride.  A ride that is quite frankly far from over.  As an early indication to the start of the year, the DOW posted one of it’s worse performances for the beginning of a new year.  The continued decline in consumer confidence along with weekly announcements of retail and corporate bankrupties is beginning to send chills down the backs of every individual across the Country.  

In fact it was just announced again by several Economists that the worse is likely yet to come.  The threat of “an accelerated pace of bank failures has now become imminent” is what was quoted by one economist yesterday. 

Not to paint the gloom and doom picture loud and clear for you, however the bottom line is that if you are looking for real estate investment opportunities, the best is yet to come in the months ahead.  If you have been patiently waiting on the sidelines for one of the best buying opportunities we have seen since the Great Depression, your day is about to arrive. 

We are already beginning to see increased buying activity with aggressive offers now being accepted by Banks who just want to unload these properties from their Asset lists and reduce their bad debts exposure as they face the reality of not being in business much longer. 

Rising unemployment statistical data along with 4th quarter retail sales data being announced in the coming weeks is certainly not going to help the cause either.  It’s a quest for survival by all.  These times require tremendous inner strength and perserverence to weather the storms.  The storms will pass but we are in the midst of a hurricane force storm that has caught everyone by surprise by the severity of what is to come.  

We all must hang on as better days will lie ahead.  However the next 6 months will no doubt be some of the most challenging our country has experienced in decades.  No amount of capital infusion by Congress will quickly reverse course on the state of our current economic crisis.  It will take some time to unfold and sort through the wave of financial destruction and corruption we have seen and that of what is yet to come.

As always, we welcome your comments and feedback.