A King 5 news story highlighted what we’ve known all our lives – the Pacific Northwest is a great place to live.
In a report on Friday August 6, 2010 the economic forecasters Fiserv and Moody’s lists Washington state as the number-one state in upcoming rebound in home values!
According to forecasters home prices are expected to rise 25.5% (Seattle) to a high of 44.7% (Bremerton) within the next 48 months; making this an outstanding time to buy properties at all time low pricing.
“I’m sure many real-estate investors are sitting on the sidelines looking for great deals. I’m doing the same thing!” says Pete Peterson, developer of the Isles. “With the rise in optimism about our region, now seems to be the time to put your money where your thought it.”
The Isles, a cottage community of 17 planned single-family homes, originally sold in the high $500’s. Today they are priced from $399,950 depending on finishes. That represents amazing savings to investors. Research from Fiserv and Moody’s shows this to be a solid investment an in-line with new market pricing.