Words of Encouragement for the Real Estate Market and Economy

None of us bought tickets for the roller coaster ride we are all riding.   We’ve been going up and down and wondering if we are at the bottom yet.   I have words of encouragement for you. We are near the bottom, but not quite there yet.   Before it gets better, it must

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Why is There So Much Confusion in the Markets?

The experts are confused.   Bank presidents, University economics professors, CEO’s running multi-billion dollar International companies, large fund managers, execs of the federal reserve banks, and even our politicians are totally stumped by the chaos in the markets.   Exactly what is happening and why?   A brief chronological review of the fundamental facts actually

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Pent up Demand for Sequim Real Estate

Where are all the buyers in Sequim and Port Angeles?   This is the question.   For those selling their houses, and there are several dozen each month, the buyers are here, but for hundreds of sellers, the question remains. Real estate market cycles are a part of our history, and they are are part

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Sequim Real Estate Market Wild Ride

The Sequim and Port Angeles real estate market is a wild ride lately. Everyone knows the market has slowed down. Some sellers have been impatiently waiting too many DOM (days on market), and it’s clearly a buyer’s market right now. But . . . I’m having an incredible ride. Let me explain. I practiced real

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The Sequim Real Estate Market – Homes For Sale

In order to see what the Sequim real estate market will do in the months ahead, I track four important real estate markets, the markets where the majority of our buyers come from.   When all four of these markets begin to show improvement for a reasonable length of time, that will be a leading

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Is the Real Estate Market Bottom Here?

Is the Sequim real estate market now at a bottom?   This is the ultimate question.   Sequim is largely dependent upon markets in California, Arizona, Oregon, and Texas believe it or not.   Are these markets and the national market showing signs of bottoming out? If anyone needs hard evidence that the real estate

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Sequim Market Dependent Upon California Market

The Sequim real estate market (and Port Angeles’ market) is heavily dependent upon markets in other states, including California and Arizona. Signs of improvement in California’s real estate market bodes well for sellers here. I would estimate that more than 50% of our home and land buyers for the Sequim area come from outside the

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Sequim Real Estate and Port Angeles Real Estate Markets Are Localized

The Sequim real estate market, as well as Port Angeles’, is uniquely localized, but that is true of much of the country. National markets, trends, and regional economic variables impact, but do not determine local prices and sales. There is one market that impacts Sequim and Port Angeles home sales more than most, and that

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California RE Market Impacts Sequim/P.A. RE

Question: How do I know what the California real estate market is doing? Answer: By simply looking at the strength or weakness of the market here. If house and land sales have slowed here, it has slowed first in California. If we experience a substantial pause in the market or a slow down, the California

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Sequim Real Estate Market a Buyer’s Market

The Sequim real estate market was a buyer’s market when I first wrote this article back on July 4th, 2007, and of course it still is today as I edit this article, and today is October 2nd, 2010.   I wrote then, “Is it a seller’s market or a buyer’s market? Of course, that depends on

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