With all the media hype about “foreclosures skyrocketing” and “Mortgage Meltdown” do you think it worse than it was 10 years ago. According to the Mortgage Bankers Association the current foreclosure rate in the state of Washington in .49% compared to a national average of 1.4%
Home values are appreciating here in Bellingham and in the rest of Washington.
The state as a whole is in a better position now in regard to foreclosures as they were 10 years ago.
So if you think the market is bad, think again, at least if you are looking for real estate in Bellingham or the state of Washington. Real Estate is local and what is happening in California is not the same thing that is happening here or elsewhere.
Mortgage rates are lower this week than they have been in a long time, so now might be a great time for you to find your new home or investment property.
If you would like any more information about Bellingham Real Estate or Real Estate statistics visit my website at BellinghamProperty.com