Wednesday, November 05, 2008

These Times They Are A-Changing!

Oh yes, these times they will be a-changing! And hopefully for the better! It's been a long road to this history-making election, and quite honestly I am thankful that it is finally over. So much time, money, and energy is put into the campaigns that I think the government and the American public get too wrapped up in it all which makes moving forward difficult at times. We fear we are in a state of flux and the unknown and therefore do not always make movements or actions. I am hopeful now that progress can and will be made towards fixing the mess our country is in right now.

Onto bigger and better things and the change this country needs! We will once again be not only stable but prospering and happy in a united country once more. We can do it...."Yes We Can!"

Tuesday, November 04, 2008

Seattle Most Likely to Rebound

Forbes Magazine published yet one more very positive article about the Seattle real estate market's future outlook. Real Estate Markets Most Likely To Rebound states that "the best cities in which to invest are those that are considered gateways to international investment, have vital downtowns where people can forgo cars, and don't have a glut of condos or office space."
Seattle ranked #1 because of these traits. It states that Seattle is a "diversified market, has a good base of business and is becoming a 24-hour city", which puts the city in a good position to come back.

Personally, I think we are very close to the bottom of the market as we are nearing 2005 pricing in some neighborhoods and price ranges. I'll be very curious to see if the results of today's presidential election will have in impact on the market and will maybe help Buyers have more confidence in our future economic outlook.

Wednesday, October 22, 2008

Seattle Real Estate Ranked #1 Investment

The Seattle Post Intelligencer today published an article: Seattle Real Estate Rated No 1. According to the 30th annual study of emerging trends in real estate from PricewaterhouseCoopers and the Urban Land Institute, Seattle ranked as the #1 city to invest among the nation's top ten metropolitan areas. San Francisco ranked 2nd, followed by Washington DC, and New York City. Chicago was ranked last among the top ten markets.

The study suggests that money invested in real estate in Seattle will likely be worth more than money invested in other regions, however it doesn't elaborate on how much the yield would be or over what time period.

Hmm...I'm not sure if this really provides anything for the average homeowner or potential buyer/seller in the Seattle real estate market. It could be predicting that Seattle will be the best of the worst and will see less depreciation overall than other cities, or it could be predicting that we will see the better appreciation over the next few years than other cities. It really depends on how you *want* to interpret it and what you believe is happening with the economy and local and national real estate markets.

I know I've got my own opinions on the future outlook for the Seattle market, but I'm curious what others think. Anyone want to share?

Thursday, October 16, 2008

I Guess That's One Way to do it!

Just read this the other day on Yahoo News - A Cambodian couple decided to saw their wooden house in half as part of their divorce! The husband carried all of the bits and pieces away to his parents' house nearby while the wife got to keep the half that is still standing! Wow, that's one way to do it I guess! Divorce is definitely an ugly situation, but this one is just plain bizarre!