This is an article from the Seattle PI that talks about some recent activity for Seattle home buyers in January. The new year often brings out a few more home shoppers but add on lower prices and rock bottom interest rates and the circumstances can't be better. One person quoted in the article thinks Seattle home prices still will drop 15% before the bottom hits. While this is possible, it would be surprising. Since Seattle did not suffer from over-development like Las Vegas and Arizona, the amount of inventory is high but not staggering. The recovery for real estate in Seattle depends largely on when a majority of buyers decide to hop off the fence.
Read the full article here.
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