The number of homes in foreclosure has hit its lowest mark since January of 2008 – just another sign that the housing market has fully recovered. Only 1.1% of all houses in Washington State are in active foreclosure. The rate may be a bit higher in Tacoma’s North End, given the fact that Pierce County was hit harder than most by the housing crisis, but there’s no denying the fact that the housing market here is strong. Houses are selling very quickly, often in multiple offers at or above list price. The higher end market remains challenging because the pool of buyers for homes priced above $750,000 is still limited, but the market as a whole shows no signs of slowing as we head into late summer.
August 21, 2015
Foreclosures drop to lowest rate since 2008
by South Sound Property Group