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Non-Tech : Investing in Real Estate - Creative Opportunities
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To: John Vosilla who wrote (2353)7/21/2014 11:17:26 AM
From: tejek  Read Replies (1) of 2722
 

Seattle home values bucking national trend

Ben Miller

Contributing Editor- Puget Sound Business Journal Email

Seattle home values won't reach their pre-recession peak for 1.3 years, but that's good compared with the rest of the country.

According to Seattle online real estate company Zillow Inc., Seattle home values will reach their peak in the fourth quarter of 2015. That compares with a national average of more than three years until homes reach their pre-recession peak levels again.

In some U.S. markets, it will take a decade or longer for homes to reach pre-recession peak values, including Minneapolis (14.5 years), Kansas City (12.5 years) and Chicago (11.7 years), according to Zillow.

"This is reflected in stubbornly high negative equity and effective negative equity rates, with more than a third of Americans with a mortgage lacking enough equity to realistically list their home for sale and buy another," said Stan Humphries, Zillow chief economist, in a statement.

bizjournals.com
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