Welcome to the Real Estate Forum. It’s about Seattle and West Seattle Real Estate, the current local market, statistical insights, and interesting anecdotes from my experience selling over 400 homes. I’ve lived in West Seattle since 1966 and started selling homes in 1975. I find Seattle and West Seattle’s rich and interesting Northwest history to be a fantastic story that shows us how we evolved. We will have discussions about things important to you and some interesting posts and articles from my sources.
This is a vibrant discussion of ideas. You don’t have to be an expert or agree with me. Just your thoughts are needed.
All Real Estate is Local
Remember all real estate is local. Listening to the national news regarding the real estate market is like trying to forecast the local weather on a national basis.
· Do you think we have we hit the bottom of the values here in Seattle? Why?
· Housing fuels the economy. A study conducted found that when a home sells the new owners spend 3% of the sales price, on the average, for improvements like appliances, paint, furniture, a new roof, windows, carpets, deck furniture, etc. Some in Congress want to do away with the mortgage interest deduction on Federal Income Tax Returns. Do you favor or oppose eliminating the deduction?
· We are in a historically unique period for real estate. Normally when the interest rates are low the prices are up and when the rates are up the prices are down. Currently this market has both low rates, in the 4% range, and the low prices. Would you invest in local real estate in 2012?
Thanks for your imput. Check back here or my Facebook page Windermere Real Estate Jim Biava for others comments.
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