Northwest to lead the housing rebound!

M oodys said a few days ago that housing prices will be 7.2% higher by 2014. Moodys also pegged the markets that will rebound the best, with the Northwest leading the charge, Bremerton-Silverdale is to expect a 9.7% annual increase for 44.7% value increase over that time period. Wow! Even if they are half-right that’s a great number, and in fact might be better if they are half-right as that big of an increase in such a short period might not be healthy. Tacoma and Seattle follow closely behind, with of course this all impacting the rest of the Puget Sound region.

Good news for everyone in the Northwest!!! Oh, any by the way, increase mortgage rates by just a bit and that will render any small downward movement in prices worthless; you can afford more now than you will be able to afford within a few months…..Buy Now! This by the way doesn’t mean stretch your spending comfort level and buy bigger and more expensive, it means buy the house you want and enjoy a much lower payment today than you will get tomorrow.