Oh, sure....we have all been hearing the dire news. Foreclosures on the rise! Mortgage industry shutting down! House prices diving!
Yeah...here are the FACTS:
-Washington has been listed by Forbes magazine as one of the strongest states in regard to housing market. Both for owners and landlords!
http://www.forbes.com/home/realestate/2007/10/01/property-stable-
homes-forbeslife-cx_mw_1001realestate.html
-Still not convinced? Then ask CNN...they list Washington as one of the strongest housing markets in the nation!
http://money.cnn.com/2006/05/18/real_estate/reguide_what_up_in_
washington/index.htm
-Thanks to a low incidence of defaults, rapid job growth, and an ever-increasing population we are still experiencing a healthy market. Have we slowed? Yes? But the Wenatchee/Moses Lake areas are still in a strong upswing! Are mortgage companies being more cautious? Sure. But if you have a decent credit rating, you will find a lender!
If you are looking to expand your portfolio, Moses Lake is one of the best deals in the state! The rapid growth of industry and retail is creating a critical shortage of rental properties. The rate of return on investment is quite strong in Moses Lake!! That window is closing as the house prices climb faster than the rental averages.
NOW is the time to take advantage of this prime opportunity to expand and improve your portfolio!
OK, all that to say....Don't worry! Be happy! The real estate market is still strong and active in Moses Lake!
Interested? Give me a call and we can further discuss your needs and dreams.
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