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Greetings!
The Spring thaw is finally here! Not only is the weather finally warmer, the housing and mortgage markets are warming up too! It has been uncharacteristically cold on all fronts and now there is finally a warming trend.
When you look over the sales statistics, you'll see that there is an increase in the number of houses sold over last month. There has also been a flurry of activity in the higher-end homes even in the first 2 weeks of May.
On Tuesday, the Wall Street Journal stated "residential construction is close to 15-year lows at 3.8% of GDP; by the fourth quarter of this year, it will probably hit the lowest level ever. So what's going to stop the housing decline? Very simply, the same thing that caused the bust: affordability."
Our area actually saw a 5% increase in appreciation over the last 16 months, contrary to many parts of the country and while that won't make a compelling case for selling, you can rest easier knowing that we are the envy of the whole country with our real estate market!
Yours truly,
Patricia Wangsness
For more information or help buying or selling a home, call Patricia Wangsness RealtorŪ Coldwell Banker Bain, at 425.941.4841 or visit www.patriciawangsness.com
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Join the Club -Fun, Folley & FACTS about Real Estate
Mark your calendar.....
Wednesday, May 28th
9:00-9:30 am
Dial:
712-580-8020
Join us every month, on the last Wednesday, for a live conference call about the state of Real Estate in the Puget Sound area. Bring your questions and enjoy this lively discussion. You'll learn the truth and have some great things to share with your friends and relatives. No more than 30 minutes. LIVE! |
SUNSET TERRACE CONDOS
Lake Chelan
Grand Opening Soon!
Schedule a tour on your next trip to Chelan and get lunch on me!
Call me for details.
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Market News: What's going on in YOUR Neighborhood?
Here are the APRIL '08 statistics compiled from the NWMLS sales from homes under $10,000,000.
Want more information on your specific neighborhood?
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Top 10 Recession Proof Cities
Forbes.com, April 29, 2008
Nationally, home prices are falling, unemployment is on the rise and the economy is expected to grow slowly--or even contract--in the first half of the year.
But some cities are doing just fine. 8. Seattle, Wash.
- Median home price: +1.2%
- Unemployment: 4.3% (from 4.5%)
- Key growth: Leisure and hospitality, 4.1%; manufacturing, +2.6%
The region around Puget Sound is home to Microsoft, Amazon.com, Starbucks, Costco, Nordstrom and Washington Mutual. What's more, home prices are only half that in the San Francisco Bay Area, and unemployment in the region is falling. Of the 50 largest metropolitan statistical areas in the U.S., Seattle had the strongest growth in manufacturing in the past year.
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FARMER'S MARKET SCHEDULE
Bellevue: May-October, Thurs, 3-7p
Burien: May-October, Thurs, 11a-6p
Federal Way: May-October, Sat, 9a-3p
Kent: June-October, Sat, 9a-2p
Kirkland: May-October, Wed, 12a-6p
Renton: June- September, Tues, 3-7pm
Ballard: Year Round, Sun, 10a-4p
Broadway: May-Nov, Sun, 11a-3p
Columbia City: May-Oct, Wed, 3-7p
West Seattle: April-Dec, Sun, 10a-2p
Bothell: May-September, Fri, 10a-3p
Duval: June-September, Wed, 3-7p
Edmonds: May-October, Sat, 9a-3p
Everett: May-September, Sun 11a-4p
To find more information and exact locations of each Farmers Market visit www.wafarmersmarket.com |
My gift to YOU!
2 Year Subscription to Consumer Checkbook
Puget Sound Consumers' CHECKBOOK gives you independent, nonprofit, no-advertising ratings you can trust of local auto repair shops, plumbers, veterinarians, banks, doctors, dentists, carpet cleaners ... To accept your gift subscription, simply email me at patriciawangsness@cbbain.com
and put "Consumer Checkbook" in the subject.
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Have you seen my new video?
Let me know what you think.
www.PatriciaWangsness.info |
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"He who wants the rose must respect the thorns"
Unknown
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