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Recipe For Hot Housing Market? Small Town Lifestyle And Beautiful Scenery

Posted by: Christian Madera

1 February 2007 - 9:00am

Bend, Oregon -- population 67,000 -- led the nation in home appreciation last year, and has become a symbol of the booming market in picturesque western towns.

"From September 2005 to September 2006, home prices in Bend leaped 30.4%, the highest rate in the country, according to the Office of Federal Housing Enterprise Oversight, which regulates the government-sponsored lenders Fannie Mae and Freddie Mac."

"Why the increase? Bend's appealingly dry climate (it lies east of the Cascade Mountains, which catch most of the rain clouds sweeping in from the Pacific), its small-town feel and its mix of leisure activities (skiing, golf, tennis, mountain-biking) have made it a magnet for California residents fed up with traffic. Bend's median home price of $350,000 is still a bargain compared with price-tags in the Golden State of $550,000 and more. Baby boomers snapping up second homes also added to the land rush, as did refugees from larger, wetter Pacific north-west cities such as Portland and Seattle."

Full Story: Booming Bend
Source: The Economist, January 25, 2007
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The impact of community design and amenities on community engagement is substantial. Respondents with a lower overall grade for their communities were also found to be less engaged in their communities, as measured by participation in social activities, relationships with neighbors, volunteer work, and civic participation such as voting.
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