USATODAY.com - Study: More housing markets called overvalued
So, Bend is in the overvalued news once again. Unfortunately this study, like the last, only takes into consideration appreciation vs. income. It’s true that most folks take a pay cut to move to Bend. The average person is bringing a ton of cash out of California real estate and buying their Oregon home free and clear. My point is, as long as that continues to happen appreciation vs. income really doesn’t matter. Now, if something happens to the California real estate market, that could be a much different situation.