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REAL ESTATE 2006
MONEY Magazine: Latest forecasts. Financing strategies. Renovation tips.
MONEY Magazine
Seattle-Bellevue-Everett
Population: 2,343,058
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Market forecast (June 2006-2007) 10.5%
5-year historical change (2001–2005): 49.3%
5-year historical change, average annual: 8.4%
Change last year: 15.4%
FORECAST FROM FISERV CSW AND MOODY'S ECONOMY.COM  

Median home value: $360,000
Median family income: $72,950
Median home value to median family income: 4.9

Worst historical decline: -9.7%
Last peak at beginning of decline: 1981:Q4
Last trough of decline: 1982:Q3

More places in Washington
Metro area Market forecast (June 2006-June 2007)
Bellingham 10.8%
Bremerton-Silverdale 11.5%
Kennewick-Richland-Pasco 11.0%
Longview 11.4%
Mount Vernon-Anacortes 14.5%
Olympia 13.1%
Seattle-Bellevue-Everett 10.5%
Spokane 12.4%
Tacoma 9.6%
Wenatchee 16.7%
Yakima 12.8%

Sources:
Population: U.S. Census Bureau, 2000
Median Family Income: U.S. Department of Housing and Development, 2005
Median Home Prices: Fiserv Lending Solutions, National Association of Realtors, 2005
Historical change: Fiserv Lending Solutions, OFHEO, 2001 – 2005
Market forecasts: Fiserv Lending Solutions and Moody's Economy.com, June 2006 – June 2007

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