Interesting article in CNN on US regional real estate markets shows Seattle is one of the brighter spots in the nation. Specifically, they predict a small gain (2.8%) in 2007 and flat growth in 2008. This is the kind of news both home owners and buyers are probably relieved to see.
In fact, the Pacific Northwest is the only region on the West coast with appreciating prices. California and Arizona are more clearly favoring buyers with dropping prices.
Click here for info on other regions.