According to an article published on Forbes.com last week, Seattle is America's most stable real estate market. Based on factors like "the state of local economies, new construction contracts, foreclosure rates, local credit markets, sales rates, affordability, and inventory" they ranked America's 40 biggest cities. And the Emerald City came out on top. With strong appreciation, low housing inventory, and few non-conforming and high-risk loans on the books, Seattle is looking stable. In today's market, no city is having a real estate boom but Seattle remains strong. And we remind you that even though we might not have double digit appreciation this year, we are moving from a frenzied market into a more normal market. And there is nothing wrong with normal.
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