This is the magic question; isn't it? Everyone wants to know with some predictability whats going to happen. We all long to feel safer financially than we have in many months if not for the last 2 years and we have reason to give us some encouragement.
Our local Bellevue market does seem to be turning around a little as we approach the front side of the bell curve here in mid-January and activity increases. Aside from that, our local economy and real estate market are held up by businesses and industries that we are privileged to have in our community, like Microsoft, Google, Clearwire, Paccar, Weyerhaeuser, and Boeing causing our economic predictions to be a bit brighter than that of other parts of the country. In my almost 21 years in real estate I have seen values come and go and we have cause to be optimistic about our real estate market as values, no matter how low they get will always rebound. The magic question is to what level and the truth is no one really knows, however the upside is with lower prices and rates that are still relatively low, people are finding it a good time to purchase. Rentals are also increasing as developers of commercial rental property are starting to rebound,.
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