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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This list was created by COBA. The Central Oregon Builders Association (COBA) is the region’s leading authority and driving force behind promoting, protecting and improving the building industry.

1. FAVORABLE PRICING
Competition among homebuilders makes new homes less likely to be overpriced. New homes are easy to compare with other new homes in the market equating value to value. The homes are the same age and options are declared up front with a price breakdown for competitive shopping. Over time, the price of land has added more to the cost of a new home than a modest increase in building supply expenses.

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