Seattle Ranked #6 on CNN Money's "Best Recovery Bets" for 2012
Friday, February 11, 2011
Chuck Cady writes:
According to CNNmoney.com, Seattle ranks #6 on its Top 10 list of Housing Markets "Best Recovery Bets".
CNNMoney.com reports; Home prices are poised to fall in most markets this year, but 2012 will bring a rebound and Seattle is one of the 10 large metro area's that will record the largest price gains.
Home prices in Seattle will rebound due to a good mix of old and new economies and in part due to its position between land and sea creating a lack of land to build on...supply can be limited once the foreclosure market dries up.
Tacoma Washington topped the list.
You can read the full article here: http://money.cnn.com/galleries/2011/real_estate/1102/gallery.best_recovery_bets/index.html
