Seattle is One of the Best Cities to Buy a Foreclosed Home!
June 28, 2008
Forbes magazine has named Seattle # 8 as one of their good investment cities to buy foreclosed homes. (Charlotte, N.C. was the best place in the country.)
The magazine factored in how quickly they thought the community was likely to recover from the current housing slump.
this is what it said about Seattle, “Long hailed as the exception to the national housing downturn, Seattle’s growth has steadied, though it remains a good market. Its inventory rates are the lowest of the country’s 50 largest cities, and its foreclosure rate of 0.47% is so low, it’s negligible in the context of the overall market.”
Read the whole report at: http://www.forbes.com/2008/03/19/homes-foreclosure-properties-forbeslife-cx_mw_0319realestate.html
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