How Will the Boeing Slowdown of 737 Jet Production Affect Real Estate Values?

Rick Jusenius Buying Real Estate , Home Prices , Market Reports , Real Estate , Real Estate Agent , Real Estate Market Trends , Real Estate News , Real Estate Trends Leave a Comment

The short answer will be not much

We are blessed in this area with a very diverse economy. This is important in many aspects. A case in point would be an area such as Detroit which relies on the automotive economy, rises and falls based upon the production of automobiles. Western Washington has several large employers so as when one segment suffers setbacks there are others to heal the pinch.

Bigger Real Estate Market Problems

Probably a more serious problem with Real Estate values would be the continuing low inventory we have For Sale. We need more affordable entry-level housing and new construction starts to need to pick up. With more product on the market, this would go a long way in stabilizing prices. Just look at some of the crazy prices in several Seattle and Eastside neighborhoods. They are now adjusting down although this could be relatively short-lived depending on inventory levels.

Ask a Real Estate Agent

For more information please contact Rick Jusenius with Washington Realty Group and Thank You

About the Author
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Rick Jusenius

I began my Real Estate career in 1972 right after graduating from High School. Back in the day one could sell Real Estate using a temporary permit from the Department of Licensing and so began my six month experiment. After several years of being a machinist, sales, and a self employed General Contractor, my full time Real Estate career was launched in 1992. Being in a position to have a wealth of support staff, my attention has focused on my main goal of superior client services. We welcome the opportunity to provide you our very best.