| Welcome to the Queen Bee Newsletter |
Greetings!
Wow a lot has happened this month! Let's recap. After the Dow tumbles over 500 points mid-month, the feds get together and launch a plan to infuse billions of dollars into the global financial system meant to unlock the tighten lending that's threatening the US Economy. On nSept 29th the House votes down the fed's plan which sent Wall Street into panic mode resulting in the Dow dropping a whopping 778 points. This is a defining moment for people. Wealth entrepenuer Doug Andrew recently quoted "Times like these are why the rich get richer and the poor get poorer. You have two choices, you can see this as an opportunity or you can see this as a time of fear. Will you sit on the fence? "
If you would like to take advantage of the tremendous opportunities available in today's market give me a call at 425 518 1176.
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Don't Get Burned by the HELOC Freeze
HELOCs, though secured by your real estate, are treated by lenders as consumer credit. And just as a lender can revise the terms of your credit cards, or even cancel them, the same can be done with your HELOC. If you have a HELOC with WAMU, you are particularly at risk with the recent JP Morgan Chase takeover |
| Job Growth Continues in Seattle; Where Is Everyone Going to Live?
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From April 2007 to April 2008, the Seattle area ranked second in job growth of all metropolitan areas with population of three million or greater. Seattle's job growth is 2.3 times as much as the average growth for cities of our size.
When cities have increases in the number of jobs; this means they need more apartments, condominiums and single family houses. Since the Seattle area economy is outperforming most other metro areas in the United States; more people than typical will move into the Puget Sound area in the next few years. The increased demand for housing will cause rents to increase and prices for condominiums and houses to increase.
All those factors combined lead to a conclusion that demand should continue for condominium properties in our market, despite the gloom and doom national outlook.
Click here to read the full article |
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OCTOBER TRIVIA QUESTION:
What year did Matt Hasselbeck
join the Seattle Seahawks?
Email the answer to carrie@carriepierce.net and be entered to win a $35 Outback Steakhouse gift certificate! Drawings are held at the end of each month.
Congratulations to Clint Nelson, the winner of September's challenge! Clint won a $35 gift certificate to Outback Steakhouse. |
Carrie Pierce & Associates works BY REFERRAL ONLY. This means we spend 100% of our time providing world-class service for our clients.
Who is the next person you know who is considering purchasing or selling real estate?
Carrie Pierce & Associates
Powered by Home Realty
4900 Stone Way N
Seattle, WA 98103
425.518.1176 www.realtorcarriepierce.com
carrie@carriepierce.net
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