Looking at Bellingham Residential Real Estate for September 2012 you can see the number of sales were up from last year but down from last month, and and prices are down from last year and last month. If you take a look at the absorption rate chart you can see we are leaning toward a sellers market.
Interest rates are at all time lows and are expected to stay that way for a while into the future. Banks have money and they are lending it to those with good credit and work history. Take a look at the absorption rate we seem to be leaning toward a sellers market again.How about the green line that represents the number of sales, it sure looks like a repeating pattern and we’re heading into the downward swing for the winter.
I believe with the presidential election coming up this November things will start to get better in the economy no matter who wins and the market will keep recovering.