It's anybody's guess, but I do anticipate them to drop a bit. Joanne has a great argument with that Moody article, but I know there's this 2nd wave of re-set ARMs coming that usually means more REO's. I'd hope they don't, but I anticipate they will. I think summer of '10 is the end for our price drops (we still have a very high inventory), but like I said it's anyones guess.

It is difficult to make a prediction, but to answer your first question, probably not. However I do think more REO's will be hitting the market. Give me a call if you are looking to buy. The interest rates for a 30 year fixed are below 5%. My number is 253-691-6587.

Thank you,
Jeanne

Probably not. Indicators are pointing out that the local real estatate market is near the bottom. Both Yahoo and MSN reported a story that Moody's Economy. com projects Tacoma to be #1 on the top 10 list of cities to recover. Because of it's close proximity, Gig Harbor should not be far behind.