Summer is finally making its way into Central Oregon and that means Opening Day on the River (Deschutes) . I just saw this over at Imperial River Company’s site:

On June 7^th, be prepared to have FUN! Fun for everyone! We have added some new events to our party this year so be sure and check them out. As always, this party is free! That’s right. We’ll have live music, free professionally guided whitewater rafting trips, ice and clay sculpture demonstrations, Kid’s carnival, raffles with great prize packages, a $10,000* Texas Hold’em Poker tournament, and much much more. Take a look at our schedule below:

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Woodhill Homes has built a new apartment complex in Redmond, Oregon. Last month, the Bend Bulletin covered the development saying that it was the first new Redmond apartment complex in “at least five years”. Here is an excerpt from the article:

After years, Redmond gets new apartments
By Jeff McDonald / The Bulletin

Central Oregon’s housing-rich landscape has seen few apartment complexes built in recent years, but at least one pair of developers see an opportunity in Redmond.

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Woodhill Homes is pleased to announce a special event this weekend, May 17 - 18 at our Obsidian Meadows neighborhood in Redmond. We’re having a Moving Sale!

You see, we’re moving in Redmond . . . prices, that is. Woodhill Homes is closing out our last homes at Obsidian Meadows so that we can move on to our future neighborhoods. To do so, we’ve lowered prices on our remaining homes.

When we say lowered, we mean it. Drops of $10,000 to $45,000 on some really nice homes, ranging in size from 1,624 to 2,405 square feet, on big lots around a quiet cul-de-sac. Some with mountain views and full landscaping, too. Home prices range from $224,950 to $249,950.

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There are a couple of articles in the Wall Street Journal this month that seemed to think that we were at, or very near, the bottom of the real-estate cycle.  We mentioned one of those articles last week (Has Central Oregon’s Housing Slump Reached a Bottom?). Typically at the bottom, you can notice a high number of investors getting in, which seems to be happening now. Only time will tell. Here is the second article from May 6th:

The Housing Crisis Is Over

By CYRIL MOULLE-BERTEAUX

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Although this current Wall Street Journal article does not address Oregon, many of these same market forces are also affecting us. And, many of these market forces point to the bottom of the housing slump. Here is an some excerpt:

“It is really remarkable how much where we are today looks like the bottom we’ve had in the last three cycles,” Mr. Case says. “Every time we’ve gone below a million starts, the market has cleared at that moment.”

Read more of Is Housing Slump at a Bottom?

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