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Do you remember 2006, or is that a distant memory?
Here’s a newsflash – Due to the pent-up demand for housing, Seattle hasn’t seen this kind of traffic and number of pending sales since around 2006!
While houses and condos ARE coming on the market in a steady way, there is still not enough inventory to satisfy the needs of those who are moving to our area, let alone those already here looking to transition from rental units into homes.
What can be done, you say?
For one thing, it would be lovely if lending institutions could let-up on the regulations a bit so that developers/builders who are willing to create multi-family condos & townhomes, CAN afford to build again. Seattle has experienced a number of tall stacks going in, but not all of these are condos Often, they are very small apartments.
Want to read the short article by Marc Stiles of the PSBJ? Here’s the link: http://bit.ly/SBJ2006 about Seattle real estate for sale.
If you’re a seller and you would entertain an opportunity for a private, no obligation consultation about your property’s value, contact me.
We can discuss how you take take advantage of this market for serious wealth building!