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Perpetual Newsletter

Updated February 1, 2010

Real Estate Update


    


     18 months ago Quadrant was building 7 new houses each day.  3 months ago they were building 1.  The Seattle Times recently reported that things are turning around in the local housing market, because Quadrant was now building 2 houses a day.  A 50% increase in production.  Logic like that just astounds me.  Although their statement was mathematically true, how it related to the current real estate market was preposterous. What they could have said is that with 2006 being the height of the market, and reductions in sales for 2007 and 2008, beginning in April of 2009, sales have started to increase once again in numbers although not in price.  The increase has been modest, but it has been sustained since April.  The state of the economy will determine the strength of the recovery in the local housing market.

      Although the public gets most of their news on a national level, real estate is a local opportunity, and markets can vary greatly based on location. 

     This is just an overview.  If you have any questions or would just like to discuss the topic further, please send me an email, text me, or give me a call, I am always happy to help.  Thank you.

 
 

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Dana C. Kohut, Broker, BSBA, GRI, CFSP, CNE, SRES, Tax Professional


(425) 260-2014

dana@danakohut.com

kohutrealestate.com


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