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Average King County Home Apprciated 10% from September 2006 to 2007.

Since October Seattle Washington's real estate market has softened, although compared to the rest of the country it is a bright spot. Mortgage interest rates are down…sounds like a good time to buy!

It has been a long time since Seattle’s market has seen these conditions. With home prices cooling a bit, buyers are in a strong position to negotiate the terms of a deal to their advantage. In addition, the cost of buying is being reduced substantially with lower interest rates.

If you are currently renting or if you are an investor who is looking for rental property now is a good time to buy.

The forecast points to continued growth. This has to do with the strong fundamentals of the housing market.

• Job growth continues to rise with Microsoft and Boeing hiring
• Interest rates, although on the rise are still historically low
• Population growth is increasing by nearly twice the national average

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In addition, Seattle's urban growth boundary is driving up the value of land. All of the vacant land within the growth boundary has largely been developed which has forced developers to look into the city for land to build on to meet the rising demand.

If you are considering buying investment property contact Andrew today. Put his past experience in managing approximately $30 million of assets in residential property to work for you.

(206) 930-8238

info@AndrewLParker.com