According to Washington REALTORS®: "Washington State continues to defy national trends in home prices, lending, and sales," and they go on to state that "in Washington State, foreclosures and sub-prime lending occurred at lower rates than just about anywhere in the nation."
Now ... According to NWMLS: the number of real estate sales is down, the amount of inventory is up, and real estate prices continue to increase. Somehow the laws of supply and demand aren't holding up. At a minimum, it seems that prices should level off and stagnate until the flow of money picks up again.
Comments(5)