vicn February 21st, 2010

According to a recent list compiled by US News & World Report, Medford, OR ranks third in the list of top 10 cities for real estate deals in the current market.

According to the report, the market here was hit hard first by the overall decline in real estate prices, and second by the unemployment in the area’s wood-processing facilities due to the decline in new home construction nationally. “As a result, Medford’s already affordable housing market has become more so,” states Luke Mullins, the article’s author. He concludes, “Moody’s Economy.com expects home prices to hit bottom this year.

Although no one has a crystal ball, it appears that Moody’s, at the very least, agrees with what we’ve been saying since the beginning of the year.

To read the entire article and find out where you can find more great real estate deals, click here.

• National Real Estate News
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