Blog Articles

All the latest news articles and market trends of the Seattle Real Estate Market. If it is happening in Seattle it is happening on the Stroupe Group.

Smart Money Positions Seattle as #1 Rebound

Smart Money Magazine featured an article last month titled,  “Home Prices: Now for the Good News.”  The article recognizes Seattle as one that is more than likely to resist a flood of foreclosures and short sales due to the areas well-paying employers such as Microsoft, Amazon, and Boeing.  Another interesting number they reported was from Zillow which states that only 11.5% of homeowners who have recently purchased have negative equity.

However, the article does point out that a couple of once known as “sure thing” neighborhoods such as Queen Anne and Redmond are taking a hit, while sleeping giants like West Seattle is making it’s mark.

…many residents simply bike 20 minutes to jobs downtown. On weekends the relative seclusion means the 2.5-mile Alki Beach promenade along Elliott Bay doesn’t get too crowded. As long as people like great views of water, mountains and city skylines

 

Up Terms of Use | Privacy Policy