Carrie Bay of DS News reports solid appreciation across the country has many homeonwers surfacing from being underwater in their home values. California has made huge strides in recovering value and is leading the country in appreciation in it's major market sectors. Seattle has exceeded most areas around the country due to economic diversity and the continuing influx of baby boomers post retirement. To read more about it… CLICK HERE
This enlightening article in the New York Times by Robert Shiller (Yale economist) is a broad review of the market response to "bubbles". To take a look at it CLICK HERE.
At the South Beach our market is so small that the influences of "supply and demand" can have an immediate impact.
This national report points out many things we have been seeing here in Western Washington this year. Stability is the first step for recovery and most markets are seeing a more stable real estate market on their horizons. To read the full report CLICK HERE.