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Smart Money Positions Seattle as #1 Rebound

November 14, 2008 by  
Filed under City of Seattle

smartmoney-logo-taglineSmart Money Magazine featured an article last month titled,  “Home Prices: Now for the Good News.”  The article recognizes Seattle as one that is more than likely to resist a flood of foreclosures and short sales due to the areas well-paying employers such as Microsoft, Amazon, and Boeing.  Another interesting number they reported was from Zillow which states that only 11.5% of homeowners who have recently purchased have negative equity.

However, the article does point out that a couple of once known as “sure thing” neighborhoods such as Queen Anne and Redmond are taking a hit, while sleeping giants like West Seattle is making it’s mark.

…many residents simply bike 20 minutes to jobs downtown. On weekends the relative seclusion means the 2.5-mile Alki Beach promenade along Elliott Bay doesn’t get too crowded. As long as people like great views of water, mountains and city skylines

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