The Real Estate Cycle in the Seattle Area
A couple of years ago, Christopher Cagan, Ph. D (a really smart guy) Director of Research and Analytics at First American Real Estate Solutions published a study called The Real Estate Cycle In 2006. I’m going to share with you what this report said about Seattle.
First of all, they start out talking about where they got their data (median sales-price index for existing single-family homes published by the National Association of Realtors®) and tells us they used proprietary analytical techniques (meaning secret stuff that no one else understands) to classify markets as cyclic, linear, or hybrid.
For example, many markets, prices exhibit a cyclic behavior profile, moving in waves of ten to fifteen years in length. These are desirable coastal markets, like San Francisco,Southern California, Miami, Honolulu, and New York City.
To read the rest of this article, and view homes in the Seattle Area that offer thousands of dollars in cash incentives and special first-time homebuyer financing, click on this link and register to see this valuable information for free!
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