Here is a good, quick read from the Wall Street Journal about the state of real estate going into 2010. What I like about it is that it examines affordability based on interest rates and median home prices vs. median incomes. The conclusion is "homes are cheap." I would like to point out, though, that this is a very general look at the market, not specific to Tacoma. While we have experienced a decline in home values it's nothing compared to Florida, Nevada, etc which are factored in to his numbers. Click the link below.
HOMES ARE CHEAP
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