Is the economy turning around?

Towards the end of 2005, things took a drastic turn for the worse here in Whatcom County. In fact, the rest of the country was about to end up in turmoil. Real estate prices dropped as the mortgage market began to collapse in on itself. Buyer confidence reached an all-time low. Where was the light at the end of the tunnel?


It seems as if we are there according to a recent Wall Street Journal article. In fact, Bellingham is in the top 5 of housing markets that are most likely to rise this year.

According to this recent Wall Street Journal article posted May 11, 2011 these are the top 5 cities across the country that home prices will increase.

Bellingham # 5
Spokane # 4
Tacoma # 3
Madera -Chowchilla # 2
Mobile Alabama # 1

This is exciting news for the pacific northwest and especially for our local economy. Home prices are expected to increase 12.4 % by the end of 2012.

Take heart my fellow Washingtonians, I'm George Geer, and I'm seeing the light at the end of the tunnel.


P.S. Note Spokane and Tacoma both making it into the top 5.

www.georgegeer.com and coming www.homesinferndale.com

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