Investment Tips
INTERESTED IN FORECLOSURES? Click here for investor strategies. "great investments for wise investors"
For Buyers: Click here for BUY SMART White Paper.
From US News and World Reports October 1, 2007
More Retirement Spots Worth a LookHere are 10 other retirement destinations selected from the Best Places to Retire database by the editors at U.S. News.
Anacortes, Wash. In this city of 16,000 on Fidalgo Island, Mount Erie looms above four lakes, 3,000 acres of city-owned forest, beaches, rocky cliffs, 12 city parks, and Puget Sound. The waterfront city is great for boating, kayaking, and bird-watching. And it gets 30 percent of Seattle's rainfall.
Get The Facts Straight
Our Key Message
The Washington real estate market is a stable and an excellent investment that you get to live in!
Facts About Foreclosures
The foreclosure rates today are the same as they were 10 years ago.
Fewer than one percent of mortgages end in default in Washington state.
As of mid-June, sub-prime, adjustable-rate loans represented 20 percent of loans nationally, but just 6 percent of
home loans in Washington.
The Market is Strong
Home appreciation in Washington continues to out-perform the rest of the nation with year-to-year price
increases every quarter since the spring of 1995.
The Market is Stable
Home prices in Washington have increased an average of 8.1 percent since the same time last year. Many
counties, however, have experienced price hikes much higher: Chelan 29.8 percent, Okanogan 24.5 percent;
Douglas, 22.2 percent; and Lewis 19.3.
WSU Center for Real Estate Research (CRER)
The demand for median-priced homes has never been greater.
Why Washington Is Different
The home market isn’t keeping pace with the growth of the state’s population, which is continuing to increase at
1.8 percent per year.
The state’s population will increase by nearly one million over the present decade and reach 6.8 million by 2010.
About two thirds of the growth is due to in-migration; the rest is a result of the growth of families now living in
Washington.
Washington State Offi ce of Financial Management
What About Inventory?
The key to stability in the residential real estate market is balance, where balance is about a six month supply (or
inventory) of homes available on the market at any given time.
Who we are
Washington Realtors® represent approximately 170,000 homebuyers and the interests of more than 2 millionhomeowners throughout the state.
Realtors®’ top public policy priority is building communities that have a strong
economy, attractive home choices, great schools and parks, safe neighborhoods,
and good transportation choices.
Did you know that you could use your 401K to purchase real estate? For more information, click here. Then click on 'Resources' and drop down to 'Real Estate IRA White Papers'.
For information on investing in homes and vacation properties in Washington, click here.
