Since the first Baby-Boomer filed for Social Security this month, I believe Sequim has a sunny forecast in the future for our real estate market.
Across the nation, there are reports of doom and gloom throughout the real estate market; new home starts are down, spec homes are not selling and prices have dropped, forclosures are rampant, lenders are much more limited on the loans they can issue. How does that relate to us here in Sequim, Washington?
We live in a unique place. Surrounded by mountains and water, geography limits the amount of real estate available. Sequim is continually getting good press nationally as a highly desirable place to retire. As vast numbers of affluent Baby Boomers retire, I believe we will see many of them wanting to come here.
Invest in real estate now? At this time there is an ample supply of homes on the market and interest rates are very reasonable. It is a good time for Buyers, and in this market place, Sellers are often more willing to negotiate. Though I don't have the luxury of a crystal ball to tell me what the future holds, I think the right time is right now!
Comments(0)