Seattle Home Prices to jump 30-40% in Next 2 Years?

There's been a lot of talk about the real estate "bubble" over the last few years. I've been asked by many potential Buyers and Sellers what I think might happen with our rapidly rising prices in the Seattle area. I have always maintained that I do not think a "bubble" exists in our area. Seattle is still growing rapidly and the economy is doing well. With increased jobs comes an increased demand for housing. Also, with such geographical limitations (Puget Sound, Lake Washington, Mountains) there just is not much room to expand or add new housing in the Seattle area.

Please read what Lawrence Yun, Senior Economist for the National Association of Realtors, predicts for the greater Seattle area.

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