Comments on: Recommended Realty Reading for the New Year http://498eyes.wordpress.com/2008/01/04/recommended-reading-for-the-new-year/ The 411 on the Puget Sound and Seattle Area Real Estate Mon, 03 Mar 2008 22:12:01 +0000 http://wordpress.com/ hourly 1 By: Gentry http://498eyes.wordpress.com/2008/01/04/recommended-reading-for-the-new-year/#comment-212 Gentry Mon, 03 Mar 2008 22:12:01 +0000 http://498eyes.wordpress.com/2008/01/04/recommended-reading-for-the-new-year/#comment-212 The typical downturn is 2 years. So even the worst outlook is ok for longer term investing. I wouldn't say the northwest is toast if you are looking at 5-10 years. I would do my homework, and realize all markets are local. Seattle proper is going to have a hard time with the jumbo loan market. I personally work the most in Kitsap, where prices are easy to find under 200k. The typical downturn is 2 years. So even the worst outlook is ok for longer term investing. I wouldn’t say the northwest is toast if you are looking at 5-10 years. I would do my homework, and realize all markets are local.

Seattle proper is going to have a hard time with the jumbo loan market. I personally work the most in Kitsap, where prices are easy to find under 200k.

]]> By: mark schwartz http://498eyes.wordpress.com/2008/01/04/recommended-reading-for-the-new-year/#comment-211 mark schwartz Mon, 03 Mar 2008 21:54:33 +0000 http://498eyes.wordpress.com/2008/01/04/recommended-reading-for-the-new-year/#comment-211 We may still be plodding along with price increases in some areas, but as long as loans over $417K are hard to get, we're toast. We may still be plodding along with price increases in some areas, but as long as loans over $417K are hard to get, we’re toast.

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