This seems to be a dominant theme these days in many of the written and televised news stories lately. But is it true? As a savvy businessperson, you should be aware of where these statistics are really coming from. Are they nation wide or local? The greater Seattle area real estate market is not following the national trends. At the risk of being redundant – let me say it again. The greater Seattle area real estate market is not following the national trends! I just read an article that stated that home values have dropped to the lowest point in 35 years. Not here. The market in the Seattle area is actually experiencing a good stability, with home values still on the rise. Are values rising at the same phenomenal rates as in previous years? No, but they are certainly not falling, either. The same article also quoted some statistics that back what I am saying. “…The rise in sales last month was led by a 23.9 percent jump in the West. Sales were also up 6.9 percent in the South. However, sales fell by 34.5 percent in the Northeast and were down 6.3 percent in the Midwest...” Remember, bad news sells, so be an educated reader!

Here is this weeks weekly mortgage update.

Mortgage update for October 26, 2006