Woodhill Homes Blog

“She’s in control of the purchasing decision whether she’s single or married, has kids or doesn’t, or is young or old. So why are you ignoring her?”
- Ann Matesi, Senior Contributing Editor of HousingZone.com

In 2007 married couples were the largest group of home buyers at 61% and single women accounted for the second largest group at 22%. That means that women influenced 83% of the home buying decisions in 2007. With a number like 83%, if you are not yet marketing the female home buyer you are missing out on a significant opportunity. This leads us to the age old question, “What do women want?”

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The Bend Bulletin has a very interesting article about the housing industry in Bend. It’s not about home sales… but the state of the housing rental industry in Bend.

While the article does bring up an alternative to owning a home in Bend… the truth is still there: you’re renting. I’m not going to say that renting means that you’re practically throwing your money away… but it’s pretty darn close to it.

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As you all are aware, today is St. Patrick’s Day.  And if you feel the need to go out and grab some green mashed potatoes, beer, or whatever suites your fancy here in Bend, then here are a couple of places to check out:

• The Blacksmith is having a little St. Paddy’s day celebration of sorts.  Check out their food & drink specials.
• The Astro Lounge is having an event as well.
• Hack Bend has a comprehensive list of other events happening in and around Bend for St. Paddy’s day

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Bend, Oregon, the energetic city, is located in the foothills of the Cascade Mountains in Central Oregon. As a city, it was incorporated in the year 1905. The city is situated at an altitude of 3,623 feet and stretches 32.2 square miles. The climate is a typical desert type with sunny days and cool nights.

The city attracts a large amount of tourists and is often referred to as the recreational Mecca of Central Oregon. To begin with, The Mount Bachelor Ski Resort attracts tourists from all over the world. The Cascades Lake is a great gathering place for hitchhikers to enjoy a little peace and unwind.

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Last week at the annual Central Oregon Forecast breakfast, local appraiser Dana Bratton, called for the market bottom out April 25th. Wow, that guy has guts! I’m not saying I disagree with him, but it takes a tremendous amount of chutzpah to make that sort of prediction.

Really, if you look at the numbers, he may not be far off. Last month in Bend, there were only 11 single family permits pulled. That is off of a high of 271 in June of ‘05 and 81 in January of last year. What that means is that virtually no new homes are being built, and if you factor in sales per month, and existing inventory, we should work through the overhang in inventory by about mid summer putting us back to an equilibrium.

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