This week's numbers show a continued rise in pending sales on the Eastside of Seattle. These represent the highest numbers in 2 years or more! Interestingly, short sales, pre-forclosures and bank owned homes made up over 25% of the pending sales last week. See the snap shot below. Here is a look at the last 2 years: If you have any questions about this information or want to know the...
June 2009
KIRKLAND, WA, June 4, 2009 – Waiting longer to buy a home is not likely to pay off, according to Northwest Multiple Listing Service director Kathy Estey after reviewing reports summarizing May activity. Estey pointed to shrinking inventory (about 20 percent fewer listings than a year ago), double-digit increases in the number of pending sales (up 17.7 percent from a year ago), solid open house activity,...
If you read the new report from Moody's Economy.com and MSNBC.com you would think so! They list Washington state as one of the last places to enter the recession and likely one of the first few out. They predect that five states including Washington will begin to recover in the 4th quarter of 2009. This is due in large part to our high tech industry and expect our employment to rebound in...