By Rachael Rees van den Berg - Posted May 6, 2016
DOWNLOAD RUNBERG'S SLIDES - Real Estate Forecast Breakfast Slides_Runberg
Buckle up and get on board: Bend is going to change
Is Bend in a real estate boom, bubble or bust? That’s the question panelists answered on April 20 during the Bend Chamber’s Real Estate Forecast Breakfast, sponsored by Schwabe, Williamson & Wyatt.
Moderator Damon Runberg took an audience of nearly 400 on a journey through 2005-2007 to learn from the past.
Wages went up, people were getting hired and homes were being built, but building permits dropped like a rock, which in a lot of ways foreshadowed the bust that was to come, Runberg said, referring to the Great Recession and Bend’s housing bubble bursting.
“The last expansion was a real estate driven expansion,” he said.
Today the feeling of déjà vu might not indicate Bend is headed for a bust. There are similar trends happening with a few differences, he said.
Advocating for small business is essential to maintain and enhance the life style of Bend. The Bend Chamber Board of Directors, made up of 16 representatives that meet monthly, works hard to represent its constituents, the Bend Chamber membership.
The Bend Chamber is a vital strategic partner creating resources and opportunities for member success, quality of life, engagement and meaningful impact.
The vision of the Bend Chamber is to gather, equip and mobilize our business community to drive a prosperous economy and unmatched quality of life.