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Access To Credit Drying Up In Central Oregon

From the Bend Bulletin:With 2008 housing prices in Bend wavering — down from a year ago, but rising from January to February — and lending standards tightening, there’s both good news and bad news for prospective homebuyers in Bend, according to local real estate and mortgage professionals.Tom Greene, the president of the Central Oregon Association of Realtors, said pending sales for the month of March are up significantly, driven by low interest rates, lots of inventory and a realization that the current buyer’s market won’t last forever….
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