Northwest Living | Bellingham Real Estate Market

February 18, 2008

Seattle WA Rated Bargain For House Hunters

Filed under: All Posts, Seattle WA, Housing — Jerry @ 6:49 pm

Seattle, WA - The Emerald city was recently rated one of the best place’s in the country to find a bargain on a home, according to a recent story by Forbes Magazine. The Seattle Port has profited from the weak dollar, but the housing price growth has slowed.

The best place to get a bargain on a home is an area where there is a healthy growth in a job market and there are more houses available on the market than people to buy them. Seattle is one of Those housing markets where you have high inventories but pliable borrowers, with lenders willing to deal.

According to the magazine, they went looking for markets where the damage from risky lending hasn’t been as dramatic as in some parts of the country and where employment growth will burn off an over-abundance of inventory quickly. Washington State ranked 49th in the number of foreclosers, which helps the state tremedously if home owners are not losing homes.  Seattle, WA fit that bill perfectly, making it one of the best bargain spots in the country to purchase a home.

Jerry Campbell - The Muljat Group - Bellingham, WA - Bellingham Real Estate

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