Our Key Message

The Washington real estate market is a stable and an excellent investment that you get to live in!

Fewer than one percent of mortgages end in default in Washington state.

As of mid-June, sub-prime, adjustable-rate loans represented 20 percent of loans nationally, but just 6 percent of

home loans in Washington.

The Market is Strong

Home appreciation in Washington continues to out-perform the rest of the nation with year-to-year price

increases every quarter since the spring of 1995.

The Market is Stable

Home prices in Washington have increased an average of 8.1 percent since the same time last year. Many

counties, however, have experienced price hikes much higher: Chelan 29.8 percent, Okanogan 24.5 percent;

Douglas, 22.2 percent; and Lewis 19.3.

The demand for median-priced homes has never been greater.

Why Washington Is Different

The home market isnt keeping pace with the growth of the states population, which is continuing to increase at

1.8 percent per year.

The states population will increase by nearly one million over the present decade and reach 6.8 million by 2010.

About two thirds of the growth is due to in-migration; the rest is a result of the growth of families now living in

Washington.

What About Inventory?

The key to stability in the residential real estate market is balance, where balance is about a six month supply (or

inventory) of homes available on the market at any given time.

Who we are

homeowners throughout the state.

economy, attractive home choices, great schools and parks, safe neighborhoods,

and good transportation choices.

Get The Facts Straight