If you’re like me, you’ve been hearing the word “recession” tossed around left and right. I realize times are tough for many people, and while I am not blind to all that is going on, I just choose to focus on the good stuff that happened in 2008:

 - Did you know that last year 4.9 million homes sold in the US?

 - Right here in the Puget Sound region there were nearly 70,000 home sales in 2008

 - Our team sold a home every 8 days on average last year in the Seattle Real Estate Market

 - Mortgage rates are hovering at or below 4.75% which are 40+ year lows!

 - 100% financing is still available

 - Over 93.3% of the population is employed

 - Locally, we have the fewest amount of homes for sale in nearly two years!

 All of the negative press flying around is almost unavoidable, and it’s funny to think how all of this will just be a blip on the radar once it has all passed.

 Take a look at the following TIME magazine covers over the last 30 years, each highlighting a “recession” claiming to be worse than the great depression, yet hardly anyone seems to remember them:

 

 

 

 

 

 

 

 

 

Does this sound familiar? It seems that we have been in and out of recessions for many decades and in the end of it all, when the smoke clears, Real Estate has remained a sound investment.

 If you are wondering if 2009 might be the time for you to invest in Real Estate, give us a call, we would be happy to help you weigh your options to determine what would be the best course of action for you.