Despite all the gloom and doom we hear from the media these days, the real estate market in Washington is NOT crashing.
Denise Lones of The Lones Group in Bellingham, WA writes articles about our local market that I think are fabulous. She goes on to say: "The National Association of Realtors reports that 2007 is shaping up to be the 5th highest year on record for existing home sales. Couple that with the fact that two-thirds of metro areas showed price gains last quarter and it's obvious that there is no bust."
I believe Washington is different. We don't have to worry about a burst here because "Not only will people always need to buy and sell real estate, Washington provides a strong market for homeowners. We have some very important job hubs-Boeing, Seattle's medical community, and Microsoft. Stunning scenery, mild weather, and robust communities are icing on the cake." These things are not true for all parts of the nation.
Baby boomers have also discovered Washington. They are attracted to our tax structure, our moderate climate and the countless activities the great northwest has to offer. This large group of the populace accounts for 40% of all homes bought and sold in the last four years.
Want to know more about how well your local real estate market is really doing? I'll spill all the facts for you. (You may be surprised at how valuable your home really is.) Just give me a call at (206) 999-9629 or drop me an e-mail at sarah.l.lee@verizon.net.
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