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Market conditions in Seattle July 12, 2007

Posted by W. Keoki McCarthy in market conditions.
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I read an article today in the PI that gives a mixed message about our market.  On the one hand we have all the right components for a healthy market.  Job growth, desirable area to live, high salaries, an educated work force etc.  On the other we are finally seeing some markets slow down.  What is interesting though is the slowdown is in the less popular neighborhoods like Kent and Federal Way.  There is no slowdown in the core of Seattle or other hot cities like Kirkland. 

It is a good article and worth reading.  I think the thing to most take away from it is that if you are going to invest here, do not try to save money by buying a cheaper place in an area that is not as hot.  Get a property in the core market area that you can either fix and flip or hold for the long term.

http://seattletimes.nwsource.com/html/businesstechnology/2003776992_homesales06.html?syndication=rss

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