Developers bought up Bend residential lots

Developers bought up Bend residential lots

Several developers have bought up more than 900 Bend residential lots that were left undeveloped after the housing market crash.

In 18 of the subdivisions, the previous developer lost the properties to foreclosure after the housing market fizzled and collapsed in 2008.

The housing crash came after a frenzy of new subdivision building to accommodate a population boom in central Oregon. According to the city, 333 subdivisions were platted between 2000 and 2009, compared with 136 in the 1990s.

Read more at OregonLive.com.

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