Brent Fosso
Windermere Real Estate/Wall Street, Inc.
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Is There A Seattle Bubble?
The writers of the SeattleBubble.com blog make some excellent points about inventory, current demand, and other market forces.
But there are several other points to consider:
- The "first time home buyer" segment has been selling very rapidly lately, due in part to the $8,000 tax credit. But it is not the only reason.
- Home prices are much more affordable now for those who are ready to buy.
- Interest rates are excellent and are expected to remain stable.
- Inventory of desirable homes is good, and those that are priced attractively are selling quickly.
- With the first time home buyer segment selling well, it has a "trickle up" effect for more expensive homes.
- All the data for our greater Seattle area shows home sales are up steadily month after month for starter homes, and even for homes over a million.
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Feel free to contact me.
