Since last summer, housing prices in Central Oregon—and especially Bend—have rebounded alongside the strengthening economy, with many homes selling above asking price. Great news, right? Well, not for everyone. According to numbers released last week by the Central Oregon Rental Owners Association, Bend’s rental vacancy rate dropped below one percent (to 0.7), a number reminiscent […]
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Good Housing News and Bad Housing News
The return of the housing market is creating a major rental pinch