Well, the Real Estate Market here in Bellingham has held up pretty nicely compared to most of the country. Compared to prices of January 07' prices have fallen a bit but overall the market has held strong. Inventory is up and the number of units sold is down about 15%. With the lending standard of the banks getting more stringent and a their lack of funds to lend, I think the number of sales will decline even more. There will be a need for creative financing and creative sales strategies. In my opinion, financing will be harder to come by and interest rates will only get higher.
Please click on Title Market Conditions and the Near Future of Real Estate to view related video.
Sunday, March 9, 2008
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