- According to Forbes.com (October 2008) reporting on a recent Urban Land Institute survey to 700 real estate professionals, the Seattle real estate market landed the No. 1 spot on the list among cities having the best chances for speedy recoveries. The best cities in which to invest are those that are considered gateways to international investment, have vital downtowns where people can forgo cars and don’t have a glut of condos or office space. Seattle is “a diversified market, has a good base of business and is becoming a 24-hour city,” says Stephen Blank, senior resident fellow, finance, at the Urban Land Institute. “It’s going to be in a good position to come back.” Also, the Urban Land Institute named Seattle its top U.S. real estate market to watch next year, in its Emerging Trends in Real Estate 2009 report. That report is based on the insights and predictions of real estate experts nationwide. The top five markets named in the 2009 ULI report after Seattle were San Francisco, Washington, DC, New York and Los Angeles.
News on Seattle Real Estate Market (Condos, Homes & Townhomes)
