I recommend everyone involved in the local real estate market spend some time meditating over this question.
The Oregonian reports today (thanks, Duncan) that of the 29 Bend homes that builder Buena Vista Homes put up for auction this weekend, exactly zero sold.
I wonder if the fact that Bend is still the most overvalued housing market in the country (thanks, Missy) had anything to do with it…
LIV