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Since January 2009
ROFLOL!
Thank god for Aldreth's bookmarks. What is amazing is that the cheerleaders three months ago were producing the same misguided garbage that they are today.
I couldn't agree with this thread more. I live in spokane and it is just booming there.
The Seattle housing market has remained strong. ALl you doomers are doing by pulling up old articles is making yoursleves look like idiots. There was ana rticle the other week that mewntioned booming housing markets, and Washington and Salt Lake City were two of them.
actually many zips in seattle have now turned slightly negative, and the inventory is sky high, while sales rates are falling... kinda reminds me of phoenix 18 months ago...
Here is the article I was looking for... Don't you just love the search feature, ALDRETH?
http://finance.yahoo.com/real-estate/article/103988/Real-Estate-Last-of-the-Red-Hot-Markets
Last of the Red Hot Markets
Wenatchee, Wash.
Seattle
9.9% $395,300
A post-tech-bubble revival is under way.
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No Housing Woes In Booming Washington State
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Rachel Pajaczek, "Seattle Agent"
Seattle
Real Estate Agent
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September 20, 2007
No Housing Woes In Booming Washington State
By REUTERS
Filed at 11:10 a.m. ET
SAN FRANCISCO (Reuters) - While California suffers in the housing crisis, the economy of nearby
Washington state is flourishing with strong job growth and some of the highest appreciation in home
prices in the nation.
The outlook for Washington's economy is bright because so many people are moving there in response
to help-wanted advertisements. Seattle, the state's biggest city, is an especially hot job market, boosting
confidence of sustained growth.
Microsoft co-founder Paul Allen's Vulcan Inc., for instance, sees few obstacles to turning Seattle's South
Lake Union area into a thriving residential neighborhood, given Washington state's economic strength.
Lori Mason Curran, market research manager at Vulcan Real Estate, expects 135,000 people will move
into the Seattle market over the next five years, propelling demand for housing that Vulcan's property
unit is building in South Lake Union.
Vulcan Real Estate's foray into building office property in the industrial and warehouse area "on spec,"
or without guarantees of leases, will also pay off because of healthy population and job growth, she
predicts.
"Seattle is really, really strong on both fronts," she told Reuters during a telephone interview on Tuesday.
Brisk hiring, especially by manufacturers, builders and software companies, is propelling that growth,
said Victor Moore, the state's budget director.
"It's the high-paying industries ... There's been a steady demand from employers," Moore said.
Their growth is helping Washington, unlike California and some other states, put aside concerns about a
housing slump, at least for the near term, added state Treasurer Michael Murphy.
No Housing Woes In Booming Washington State - New York Times
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