New Report Picks Bremerton and Tacoma as Best Markets for 2010
With all the speculation of where the real estate market is going to head in the near term, it appears that the folks at Moody’s Economy.com have projected that Bremerton and Tacoma will be among the top cities in the country for some modest appreciation over the next year. Bremerton, which saw an 18% dip in prices since the peak is projected to show a 4.2% increase in home values in the next year, thanks to a relatively strong employment outlook. Bremerton ranks 5th in the country in terms of market outlook according to Moody’s report.
Tacoma took the 8th ranking in the country with a projected 3.9% appreciation through 2011. The downtown area has gone through a revival over the past few decades, and although prices took a big hit when the bubble burst, values are starting to stabilize.
You can see the full report at http://realestate.yahoo.com/promo/where-homes-prices-are-rising
I remain ‘cautiously optimistic’ about a market turnaround but I don’t think we’re out of the woods yet. Foreclosures are still a problem, the tax credit deadline is approaching and the Fed plans to stop buying mortgage backed securities later this week, which will likely mean higher interest rates and some more uncertainty.
Nevertheless, I’m still a buyer in this market but the key is to buy right. If you’re buying a house, make sure you get a great deal, and if you’re moving into a lease to own home, find one where you’ll be safe if the market goes down. All of Washington Home Solutions lease to own homes are protected by the Never Lose Guarantee which insulates you from a potential market drop while giving you 100% of any appreciation. Click the link to learn more about this and our Lease to Own Program.
What’s your opinion of where the real estate market is heading? Feel free to comment below.
