Forbes Magazine published yet one more very positive article about the Seattle real estate market’s future outlook. Real Estate Markets Most Likely To Rebound states that “the best cities in which to invest are those that are considered gateways to international investment, have vital downtowns where people can forgo cars, and don’t have a glut of condos or office space.”
Seattle ranked #1 because of these traits. It states that Seattle is a “diversified market, has a good base of business and is becoming a 24-hour city”, which puts the city in a good position to come back.
Personally, I think we are very close to the bottom of the market as we are nearing 2005 pricing in some neighborhoods and price ranges. I’ll be very curious to see if the results of today’s presidential election will have in impact on the market and will maybe help Buyers have more confidence in our future economic outlook.