"Seattle real estate poised for drop"
Seattle Market forecast from Fortune
They have it listed at -19.5% over 5 years. Of course, they weren't to know that we have Boeing, Microsoft and Lakes.
They have it listed at -19.5% over 5 years. Of course, they weren't to know that we have Boeing, Microsoft and Lakes.
Comments
Nice attitude.
Overall, the more articles in the mainstream media that talk about the future or present price drops in Seattle, the better. As the volume gets louder, the sellers will start to listen. It's happening right now, but slowly. If things get "worse" over the winter, then next Spring could be a bloodbath.
I agree. Last spring, they suggested everyone jump into Seattle real estate. Today, we're staring down a 38% decline. I know which one I think is closer to the truth, and I'm glad they have finally flopped that direction, but I'd just as soon ignore their ignorance.
At least some poetry rhymes.
LOL
Take it a step further:
Asking a member of the real estate industry ('economists' Lawrence Yun, Nicolas Retsinas, and David Lereah) to provide an economic forecast is like like asking the IRS to do your taxes.
Asking any financial professional for advice is like asking George Foreman how you should prepare your meat...or name your son.