After stewing over what to say about the Real Estate Market in 2009, and knowing full-well that I’m not qualified to make profound “predictions” about the marketplace, I have chosen to take my own advice and “outsource” the job to one of my favorite resources: HousingPredictor.com. I highly recommend you take a look at this informative website.
Some of the more interesting topics are the Top and Worst Picks for 2009. As you can see, the Top 25 Housing Markets are not expected to experience much appreciation in the coming year:
And if that wasn’t inspiring, please turn your attention to the Worst Market numbers:
As you can see, Seattle is not likely to avoid the overall downturn in the housing market. Many experts have been saying that we tend to trail behind national trends, which means we may be in for a long 2009. The chart below shows the major metropolitan areas in Washington State:
On a positive note: with prices so soft, there should be opportunities for buyers in 2009. If the financial and credit markets awaken from their veritable hibernation and start lending again, there will be some winners. Just remember, always seek professional advice from a real estate professional before you make an offer on a home. If you ever need help understanding the process of buying or selling a home, please don’t hesitate to contact me at 206.713.2102 or email me at jlupori@comcast.net.
Crystal Ball Courtesy of Isobel T
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