Here is a good news from Puget Sound Business Journal on Seattle's economy.
According to Policom Corp., an independent economic research firm that specializes in analyzing local and state economies, out of the nation’s 366 metropolitan statistical areas, Seattle-Tacoma Bellevue rates No. 1, moving up from last year’s No. 12 ranking. In 2006, Seattle-Tacoma-Bellevue ranked No. 51 in the country. The company uses 23 different economic factors to create its rankings.
Read more: Study: Seattle has nation’s best economy – Puget Sound Business Journal (Seattle)
Speaking of nice stats, check out the Seattle condo market trends. Mmmmm. Recovery.
Condos Sold (2010 versus same time 2009)
Median Days on Market for Condo Listings
Could the three month ‘recovery’ be contributed solely to the tax credit deadline being imposed?
As a condo owner in Belltown, I would love to think that the recovery is based more off of the job market solidifying and short sales drying up, but the national housing forecast is predicted to become uglier into the third quarter of 2011, which has me skeptical of these brief trends.
Wendy’s been predicting the “recovery” since late 2008, each time with very short-sighted information.
I don’t think there’s any question we’re in a recovery. Did you read the post?
If we are talking Eastlake Union and Capitol Hill, yes recovery appears to be here. Unfoutunately Belltown is quickly sinking into a sesspool as businesses close up or move, and inventory, short sales and foreclosure activity go through the roof! We need to clean up this area before it becomes the new Pioneer Ssquare.