Musings on the Real Estate Market

Oh my goodness, I have been a bad blogger of late! There has been a lot to talk about too. Once again the media is writing all this doom and gloom about a double dip recession, but when I ran my sales numbers for various areas of Pierce County we really didn't see a big drop off from April to June (as was being predicted). Also, several expensive waterfront properties in Gig Harbor have gone under contract in the last 2 months and we haven't seen anything like that since spring/summer of 2008. I am not too surprised because interest rates are ridiculously low and jumbo loans are getting affordable again. I have no idea how long interest rates are going to stay low. I stopped predicting a few months ago when everyone was convinced they would rise to 6 or 7% by May and the opposite happened. I am just grateful for where they are now!