Local home sales seem to spark with the first time home buyer tax credit but will the housing rebound continue or are we going to face a double dip? The strength of local companies starting to rehire is the first sign of health. Once jobs are created, the true recovery will begin.
Investing in real estate is a long term investment. If you are in for the short term, hopefully you have left options available to you just in case the recovery continues at this slow pace.
David Stiff, Chief Economist at Fiserv says the bottom is near. The report states that out of 384 places surveyed Washington State has the highest growth forecast in the next 4 years.
Bremerton-Silverdale area has the largest projected price increase of 44.7% going into 2014. Bremerton is located in Kitsap Peninsula which is just a ferry ride away from Seattle.
Tacoma which has been listed numerous time as a top recovering city has a projected price increase of 33.1%. Seattle was not far behind with a projected price increase of 25.5% by 2014.
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