Bend: from the most-overvalued home prices in the country to the hardest hit home prices in the country. Oregonlive.com reports:

Yes, prices are still falling the Bend. They tumbled 5.6 percent between the second and third quarter, the biggest decline in the country. Las Vegas was right behind Bend, down 5 percent. That’s according to the IHS Global Insight “House Prices in America” report out today.

Early next year I’ll have to update my statistics and charts because it looks like Bend is finally getting close to fair value (but not yet undervalued). Read the whole report here.

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