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Seattle Ranked #6 On CNN Money’s “Best Recovery Bets” For 2012

Chuck Cady writes:
According to CNNmoney.com, Seattle ranks #6 on its Top 10 list of Housing Markets “Best Recovery Bets”.CNNMoney.com reports; Home prices are poised to fall in most markets this year, but 2012 will bring a rebound and Seattle is one of the 10 large metro area’s that will record the largest price gains.

Home prices in Seattle will rebound due to a good mix of old and new economies and in part due to its position between land and sea creating a lack of land to build on…supply can be limited once the foreclosure market dries up.

Tacoma Washington topped the list.

You can read the full article here: http://money.cnn.com/galleries/2011/real_estate/1102/gallery.best_recovery_bets/index.html

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