Pacific North West Leads the Country
Residential real estate has been on a tear these last two years, led by the Seattle and Portland Metro markets.
Much of the credit goes to Chinese buyers getting dollars invested, some to the continuing migration to the Northwest.
Oregon continues to be the #1 state for percentage population growth due to in-migration.
Lending seems to be be pretty loose as well, noticing a lot of home equity fliers in the junk mail. As rates increase on mortgages, refinancing is less appealing, but apparently the market for cash out Equity Lines is growing along with prices.
Hmmmm, where have we seen this before?
It all works out fine to use your house as an ATM, right?