Sometimes, coming in last can actually be good. The Puget Sound long withstood the national housing market crisis by continuing to show strong numbers in all areas. In the past few months though we have really begun to see the effects of the national market here locally. However, being one of the last metropolitan areas to feel these effects should actually benefit us when compared to other areas.

Our government has been working over the past several months to correct the mortgage industry and housing crisis we seem to be experiencing. Numerous new bills and policies have begun to take affect recently. Credit standards continue to change. For some markets, this help is coming so late that they have already had double digits losses…with many homeowners facing devastating losses. …more

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