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.
Author:Vicki McLellan Phone: 425-301-2595 Dated: September 4th 2011 Views: 3,704 About Vicki: I'm a full-time licensed professional and love what I do. I use that enthusiasm to make the process ...
View our latest blog posts in your RSS reader. Click here to access.
RE/MAX Northwest real estate brokerages employ full time, highly productive, experienced and educated brokers focused on serving their real estate clients and communities at the highest possible level to create the best possible result...even in these rapidly changing times and economy. We provide accurate, detailed information, data and advice so that our clients make informed decisions. We're committed to life long relationships founded in integrity and mutual respect. We're here to help...at all stages in all situations.
It can be a little scary to check the markets right now, wouldn’t yo
"Cari helped us find our ideal home in Olympia in 2013. It took almost 6 months but she was very patient, helpful and insightful. 6 months! That was a lot of properties to drive to and see, a lot of houses in many different conditions. Cari never pushed a sale. She would just stand back and let us see things for ourselves, while being always there to answer questions or get answers for us. That, by itself, is invaluable help.
Now, in 2015, we were ready to sell and she helped us sell our house in record time. That meant the price she suggested was right on and the logistics she did (description, listing, flyers, marketing) superb. She also handled all the negotiations and other issues that arose, greatly reducing our stress levels. All the while, she was very professional and maintained her wonderful sense of humor through all the fray. She promised, she delivered, and we're very grateful"