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The Current State Of Real Estate –Means For Shoreline WA. Homeowners

The Current State Of Real Estate –Means For Shoreline WA.  Homeowners While you may be aware of the current Shoreline real estate conditions, you may not know about the state of things across the rest of the country and with our neighboring country. The economy is currently experiencing some significant troubles in areas of the U.S. and that’s definitely having an impact on the real estate industry.
Unemployment is on the rise across the States, starting salaries are on the decline, and that means that fewer and fewer people set out to buy a new home each year. People looking to sell property have responded to these changes a few different ways. In some markets, the average sale price of a house has been declining over the past few years.
Motivated sellers have been forced to take less than what they were planning in order to sell in a timely fashion. Many large real estate companies have decided to turtle up so to speak, and refrain from listing as many properties as they might list under better economic conditions. By hanging onto the properties, and renting them out until the market improves, these companies hope to weather the economic storm ... more

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