Tacoma's Real Estate Market To Be Best in 2010
The folks at Moody’s have once again put Tacoma on one of their lists. Last year we made the Best Real Estate Market and the Most Likely to Rebound lists. Now, at the beginning of 2010, we are the predicted to be the top performing real estate market in the country this year.
The five areas that Moody’s foresees home prices performing best in 2010 are: Tacoma, Wash., (an increase of 2.44%); Memphis, Tenn., (up 0.99%); Pittsburgh (up 0.89%); Charleston, S.C. (up 0.18%); and Seattle (decline of 0.50%).
That said, the Moody’s report mostly talks about Seattle when describing the Tacoma market. Boeing. Microsoft. etc. Curious. Lazy?
Are you a believer?
Link to SmartMoney.com
Thank you to Justin, Zachary, and others for the tips.
Filed under: General
15 comments
A Altered Chords January 11, 2010
Word has gotten out that we have 9 coffee shops downtown. the 10th coffee shop will be the tipping point that will skyrocket our real estate pricing.
That and Thorax O’Tool buying a house.
T Tacoma1 January 11, 2010
If only we had a spire in Tollefson Plaza………
Actually, I’ve felt for a long time that our housing prices are undervalued. It’s good to see a little National recognition for T-Town.
M Mofo from the Hood January 11, 2010
That’s interesting. With over 3 million former buyers nationwide in foreclosure, who’s left to qualify for a loan?
Anybody made a prediction of Chinese immigrants choosing Tacoma over Vancouver B.C.?
R RR Anderson January 12, 2010
there are no pit-bulls in tacoma and the streets are paved with cheese.
J Jesse January 12, 2010
Where is Thorax O’ Tool?
Let’s just agree to disagree this time.
O-Tay.
W whatever January 12, 2010
With the Pierce County foreclosure rate #1 in WA State and the unemployment rate at a 22+ year high of 9.4%, the math clearly adds up to a 2.44% increase in home prices!!
M Mofo from the Hood January 12, 2010
Scarcity of buyers > Lower real estate prices.
Transfer of wealth > Elite segment of the population.
Artificially caused by government mandate?
Now with the U.S. economy in near chaos, and the citizens in various stages of confusion and frustration there’s a definite rise of exploitation by government policy makers. Yes they can.
R rick January 12, 2010
According to Thorax O’Tool’s myspace page, he is the opening act for headliner, Daniel Blue. They’re doing a west coast tour of small to medium sized liberal arts colleges — mostly spoken word, though I hear a banjo, french horn and glockenspiel often accompany some of the ballads. According to PLU’s website, they’ll be playing Olson Auditorium on March 8th — Tickets are available through brown paper tickets, or at the Walgreen’s on 84th and Pacific. The Acrimony Tour, as they’ve named it, is intended as a melding of several artistic mediums — think burning man meets lilith fair meets a David Sedaris reading — though without all the grand production, media attention, or sky high ticket prices.
M Mofo from the Hood January 12, 2010
Thorax O’ Tool and Daniel Blue—-
Two local geniuses in one real estate market.
There’s an optimistic economic theory somewhere in that remarkable fact.
A Altered Chords January 13, 2010
Mofo are you attemping to write poetry here? Do the symbols “>” mean “greater than” as in mathmatics or does it mean something else?
T Thorax O'Tool January 13, 2010
Yes, where am I?
Only place I have to be is where I am.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Well, we already know that I feel the real estate market in the greater Pugetopolis region is about 25% overvalued. We all know why.
But I am not ready to buy a house, and I suspect I won’t be until 2011 at earliest. I feel that the market will be better for buyers by then AND I don’t intend to buy until I can save at least 20% down and an additional 10-15% in savings. Not there yet, but I’m working on it.
But I may change my mind if my new metal band REGOLITH takes off as I hope. I have Dan Blue all ready to play Bass (it has 4 strings) & vocals, I’m on lead guitar & vocals and we have RR on the noseharp. Combine that with the phenomenon known as “10th Coffee”, and by god, T-Town will get it’s own MSA!
I have a myspace page?
M Mofo from the Hood January 13, 2010
Symbol key:
>
This symbol when used by a representative of the Mofo News Network (MNN) is used as a stylized arrow.
Example: Thorax O’ Tool plus Daniel Blue leads to Real Estate Market Recovery.
(O’T + B) > REMR
As a great poet once said, “An arrow is an arrow by any other stylized representation.”
T Thorax O'Tool January 13, 2010
(O’T+B) > REMR
I like it! I feel a T-Shirt/Poster/Bumper sticker design in the works.
But beware of the “genius” comments lest my ego continue to balloon faster than the National Debt.
A Altered Chords January 13, 2010
I can scarcely express my regret at not being selected to play keyboards in REGOLITH.
When you’re writing lyrics and get stuck don’t come crying to ol’ altered chords for inspiration. I’ll be busy.
T Thorax O'Tool January 13, 2010
We sent you an invitation in the mail last week.
Check your mailbox.