According to Forbes.com, Seattle landed the No. 1 spot on the list of real estate markets most likely to rebound. Forbes asked top realtors around the country for the best cities in which to invest. What constitues one of the best cities is one that is considered a gateway to international investment, has vital downtowns where people can forgo cars, and don't have a glut of condos or office space.
"Seattle is a diversified market, has a good base of business and is becoming a 24-hour city," says Stephen Blank, senior resident fellow, finance, of the Urban Land Institute. "It's going to be in a good position to come back." (http://www.forbes.com/2008/10/29/foreclosure-recession-cities-forbeslife-cx_dp_1029realestate.html)
Although us Seattlites are suffering from the loss of Washington Mutual and the downsizing of Starbucks, Boeing and Microsoft are still strong.
"Apartment vacancies are low and there aren't too many new buildings going up, meaning the market won't be oversupplied. The same is true in the retail space."
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