According to the NAR - Seattle Real Estate to continue to Soar

There is a great article in the Seattle PI that talks a little about the national real estate scene and the local Seattle scene

From the Article
"Yun suggested Seattle will continue as one of the bright lights, which it's been this year. Median year-over-year home prices have risen every month save October, when they were down slightly.

But Seattle's strength may go beyond the usual reasons: a strong local economy and good job growth propelling housing demand.

Yun suggested that Seattle may be joining such cities as New York and San Francisco as "superstar cities" whose desirability attracts affluent newcomers who bring the buying power to continue pumping up housing prices."

Read The Article Here

Seattle: America's Most Stable Housing Market

According to Forbes Magazine Seattle has the most stable housing market in the nation.

Top 5 Cities
1. Seattle, Wa
2. Pittsburgh, Pa
3. Columbus, Ohio
4. Dallas, Texas
5. St. Louis, Mo.



"Nationwide, home prices are falling, sales are sluggish and the number of foreclosures is mounting. Ask any economist and you'll hear that things are bad, and likely to get worse.

Unless you live in Seattle, where the market is slowing but fundamentals remain strong.

The Emerald City has experienced strong price appreciation over the last six quarters, and that's expected to continue in the new year, though at a slower pace. In addition to a very low housing inventory and a strong sales rate, there are few non-conforming and high-risk loans on the books than in other cities, which means the area will likely see fewer defaults in the coming months than the rest of the country's markets." (from Forbes)