What's Really Happening in the Northwest Market?

That seems to be the question on nearly everyone's mind these days. The media portrays a very negative and bleak message. Here are some truths:

• This is a very dynamic market. It's the 5th best market in history. We have historic low rates coupled with low prices on available inventory. That makes for a lot of opportunity for both buyers & sellers.
• The Northwest market is better off than other parts of the country. Our market is stronger than most of the markets that the media is portraying as negative. We have diversity of industry that keeps us above the norm. We have 4,000-8,000+/- military families moving into our area, as well as technology positions that keeps us moving.
• Lower prices benefit sellers too. I know you find that hard to believe, especially if your house has been on the market for awhile. If you have yoiur eye on a nicer, higher priced property (move up property) you will benefit by selling your existing home now and being able to purchase that "dream" home at a lower price. You will more than make up for the potential deficit on your sale with automatic equity/value in the "dream" house (approximately 8-15%+/-).
• There are still "0" down payments loans. Yes, they are still available. The difference is you have to qualify with verification of employment, income, etc. and sometimes it involes a contribution by the seller or a relative toward the down payment.