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Bend, Ore., housing prices untouched by nationwide slowdown, report shows.
Byline: David Fisher
Sep. 6--A federal agency that tracks housing prices has issued more bleak news for the nation's real estate market.
With a striking exception: Bend.
The Office of Federal Housing Enterprise Oversight reported Monday that home prices nationwide appreciated only 1.17 percent in the second quarter -- an annualized rate of only 4.68 percent and the sharpest decline in quarter-to- quarter appreciation rates since the agency first started indexing housing prices in 1975.
Housing prices in Bend, on the other hand, jumped 7.37 percent in the second quarter, according to the OFHEO's quarterly report, giving the city's housing price index a 36.65-percent increase since the second quarter of 2005 -- the highest in the nation among the 275 cities the agency tracks.
The agency oversees mortgage lending giants…
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Source: HighBeam Research, Bend, Ore., housing prices untouched by nationwide slowdown, report...
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