Wall Street Journal on "Why It's Time to Buy"
If you’ve been asking yourself if the market has hit bottom take a moment out of your busy day to read this informative and straight talking article on the reality of our current market written by the Wall Street Journal. The article goes over the five keyt factors that will govern housing markets over the next few years, and where we stand on them. Once again, Washington State is given a special mention:
A similar influx of job seekers is fueling housing demand in the Washington area, where 25,700 new jobs were added in the 12 months since April 2010. Washington was the only one of the 20 cities tracked by Standard & Poor’s and Case-Shiller that saw home prices rise both on a month-to-month and year-over-year basis. – Wall Street Journal “Why It’s Time to Buy“
This is one worth reading all the way through. The basic gist is that while things are still rough economically it will be hard for housing to recover- but once the economy picks up certain markets (including ours) are poised to take off.