The economy in Western Washington, as well as the real estate market, has remained one of the strongest in the country. Throughout the current economic crisis, home values in the Lewis-McChord area (Pierce and Thurston Counties), have held in comparison to many other parts of the country. While we have seen a decline in higher priced homes (homes priced over $300,000), values for homes priced under 300k have only declined by 3-5%, and in recent months have been trending back to 2006-2007 prices.
Service members assigned to Joint Base Lewis-McChord, along with the State government and large corporate infrastructure has been the driving force behind the stability in the local housing market. The large turn-over of personnel at Ft. Lewis and McChord AFB, Turn-over of State employees, and west coast distribution centers for large corporations such as Target and Home Depot provide a constant flow of people relocating to and from the area.
As I write this, in July of 2010, Joint Base Lewis-McChord is welcoming the return of approximately 15,000 soldiers and airmen from Iraq and Afghanistan....Read More at Fort Lewis Agent.com
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