Something to smile about...

As many of you have probably read on the internet in the last day or two, Tacoma is projected to be the strongest real estate market in the country in 2010. These are the top five cities for projected growth according to Moody's Economic Forecast:

The top 5 cities for home prices

1. Tacoma, Wash. (+2.44%)
2. Memphis, Tenn. (+0.99%)
3. Pittsburgh (+0.89%)
4. Charleston, S.C. (+0.18%)
5. Seattle (-0.50%)

It's kind of sweet to beat Seattle at something. ha ha

It's not a huge projected growth but it's definitely something to smile about. My feeling is that this modest growth will happen in the under $300,000 price range. Needless to say, this growth is off of current home values, not necessarily what you might have paid for a home in 2006, when the market was hot. So, here are two snap shots for Pierce County home sales. The first is sales under $300,000 for the last 6 months. The second is sales over $300,000. This includes residential single family homes, new and existing construction, no condos.