Let’s Talk About Seattle Real Estate

The creative destruction of capitalism gives even as it takes way. Because house values have dropped in most areas in the U.S. (dramatically in Las Vegas, Phoenix, Miami), homes are now more affordable. This fact is now beginning to draw buyers who see the opportunity created by cheaper homes and historically low interest rates.

Lawrence Yun,* the Realtors’ economist, is conservatively optimistic about a housing market recovery starting in the second half of 2009; he has some interesting ideas about prospects for the economy.

Keep in mind that nobody really knows what the next significant economic event will be, nor what in turn will be its long-term effect. We can, however, detect general trends, and that is why we must put in place a prudent plan.

A plan is the result of a way of thinking, an agreement we make with ourselves to think long–term and to not react emotionally to the economic and governmental surprises that appear every day now.

Are we all working on our plans?

©2008/AllenJaworski

* Thanks to Realtor.org

This entry was posted on Wednesday, November 19th, 2008 at 3:33 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.