The Home Price Recovery

The Home Price Recovery

Home prices are a local phenomenon. This is particularly true when looking to the national news, where home price recovery is held out to be slipping away in our time of economic uncertainty. What is interesting is that housing is a key part of the national economy, so it is no wonder that as people sit on the sideline in the housing market (along with some in the stock market), we continue to see declining markets with oversupply in many large cities. What is even more interesting is that there is a nugget of hope and good news in the national stories when it comes to the Pacific Northwest. A Fiserv economist was recently quoted as saying "homes are undervalued in the Northwest...the economy is diverse and the demographics strong. It has tech, manufacturing and extractive industries (like lumbering and mining) and people are still moving into the area." It is no wonder that Tacoma is poised to increase by 25% over the next 18 months, with surrounding markets poised to increase alongside by 10%. If you have read my past blog posts, you know that I have a positive outlook on real estate. I remain positive as I am seeing both families and investors finding perfect properties at perfect prices. As real estate returns to a more normal path in Olympia, Lacey, and Tumwater --it will inevitably follow Tacoma & Seattle in price and pattern. Vicki McLellan


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Phone: 425-301-2595
Dated: September 4th 2011
Views: 3,634
About Vicki: I'm a full-time licensed professional and love what I do. I use that enthusiasm to make the process ...

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