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I am not going to say that the job market and housing market is great in Vancouver Washington. It is still slow. While it may seem that things are not as bad as the statistics say all you have to do is look around neighborhoods and talk to people.

At least several of your friends will be out of a job. I have some close friends who have had jobs their whole lives and they have been unemployed the last five months.

A house that was for sale in Vancouver WA used to be snatched up really fast just 2 1/2 years ago. You will still see large sub-divisions with over half the houses or condos empty now. The growth experienced by Portland Or and Vancouver WA in the late nineties and the early part of this decade was just too fast and too much. Developers glutted the market.

Oddly enough the population of the state of Washington and Oregon is not decreasing. People are still coming here. Its just not a mass influx all at once. And even when people were coming here in high numbers the home builders were building homes way to fast. We now see that though the real estate demand was high all those years it did not warrant the gigantic supply that was being produced.

So what is the point?

We have suffered the worst. The market in Vancouver WA and Portland has stabilized. Jobs are not coming back but they are not leaving either. There are a lot of high tech companies around Vancouver WA that are not going anywhere and even more in Portland. Fred Myers, Hewlett-Packard, WaferTech, SHE America, Nautilus, and Sharp all have their headquarters here. That is not expected to change anytime soon.

There are a lot of things that still attract people to this area. Many people want to live in the Portland area but do not want the stresses and “hustle and bustle” of a large city. Vancouver Washington has no income tax, better schools by a long shot, and more reasonably priced real estate (especially now).

For $250,000 you cannot get much in Portland. Maybe a run down condo on the east side of time like the Rockwood area. In Vancouver WA you can get a decent house and for a little more you can get a very nice house with a nice sized front and backyard.

This will not be the first time Vancouver and Portland have taken a hit. Keep in mind though that Oregon and Washington are very desirable places to live. People may complain about the rain but overall the weather is temperate here, we have no natural disasters, the crime is low compared to the rest of the country, and we have an extremely educated workforce. We may not be a powerhouse like Seattle but we are not far behind either.

Houses for sale in Vancouver WA are a bargain now. You have people like me who live by LaCamas Lake and have lost $250,000 in equity in the last two years. We are the ones who may just break even when the housing market rebounds. The person who was either too young to buy or not in a position to buy when the market was going crazy is in a great position now.

The value of homes in any area are always going to be subject to boom and bust times. That is a fact of life. This is not the first time this has happened and it will not be the last if history has given us any indication. Now the housing market in Vancouver WA is going through one of those “busts.” 2010 may present a great time to make a long term investment for someone thinking ahead.

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While the news may in fact seem bad now is a good time for people thinking about houses for sale Vancouver WA. This city is Portland’s largest suburb and still an attractive place for most people to live.

You can be sure the market will rebound eventually and the people who did buy now, having some foresight into the future and looking at overall trends in history, will come away with real estate investments at bargain bottom of the barrel prices.

You can also check out another article about homes for sale Vancouver WA here.

Article Source:

http://EzineArticles.com/?expert=Wesley_A_Barras

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If you’ve been keeping up with my blog posts lately you’ll know I’ve come to adding a few news posts from around the web on this subject. I’ve got a couple more today that are new and updated, so let me know what you think of em…

Homes for Sale in Claridge Court, Surrey, British Columbia $244900

1119.00 sq. ft. Homes for sale in Claridge Court Surrey, British Columbia. For sale at $244900.0000 CAD. 14377 103 Avenue, Claridge Court.

Homes for Sale in Mill Hill, Victoria, B.C., British Columbia $524900

1582.00 sq. ft. Homes for sale in Mill Hill Victoria, BC, British Columbia. For sale at $524900.0000 CAD. 513 Langvista Drive, Mill Hill MLS 278089.

Homes for Sale in Lands End, North Saanich, British Columbia $768000

2596.00 sq. ft. Homes for sale in Lands End North Saanich, British Columbia. For sale at $768000.0000 CAD. 1453 Honeysuckle, Lands End.

Hope you enjoy the read as much as I did and please if you have something to say, use the comments form below to let everyone know your thoughts.

Have a great day!

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Vancouver’s stable economy and growing population has put it on top of the list of places in the country in which to invest in real estate. There are different localities in Vancouver which seem to be choice spots for investors, due to different contributing factors. Vancouver, just like most other places, has seen a surge in prices as well as the sales volume in the year 2009. This causes many buyers to wonder whether this trend will continue through the year 2010 as well. This article addresses the prevailing trends in Vancouver real estate as well as the predicted trend for the whole of 2010.

In the year 2009, the average price per square foot of real estate in Vancouver was $165, and this was a 10.7% increased over 2008. The average home sales price increased by 0.6% in 2009, while the actual number of home sales reduced by a whopping 96.5%. With regard to the homes on sale, Vancouver real estate noted a decrease of 5.3% on the listing price for these in 2010, compared to 2009.

The trends vary from year to year. As there are many factors that contribute to price changes as well as sales volumes, it is not an easy task to predict what this year will bring. However, there are seven factors that affect these trends, and these can be analyzed to predict what the year 2010 holds for Vancouver’s housing market. These factors are listed below:

- Consumer confidence and emotions.

- Vancouver population growth and projections.

- Supply and demand in 2010 Vancouver resale market.

- Vancouver economic fundamentals in 2010 and beyond.

- Supply and demand in 2010 Vancouver presales.

- Mortgage rates.

- BC Harmonized Sales Tax.

With reference to the above factors, to put the predicted trends for housing in Vancouver in a nutshell, the forecast for 2010 seems bright. Interest rates seem to be on the decline and therefore the property prices are predicted to go up. Presale home prices are expected to stabilize and even go down since there is a HST of 12% added to the purchase price. This is expected to make reselling of real estate more attractive. It is expected that the housing inventory in Vancouver will remain steady since there will be many projects that will start up, but will take at least a year or so to be completed. While the prices are likely to increase initially, they will stabilize through the latter half of 2010. However, there is a lot of pent up demand for resale of homes. Therefore, the prices of these are expected to continue to be on an upward trend throughout the year and the interest rates are expected to go up.

FindMaster.com is a common point at which businesses can get all their real estate needs addressed, including real estate in Vancouver. If you were to Google Vancouver Real Estate, would your website appear on the first couple of pages or even at all? We at FindMaster provide search engine optimization tools that will generate you new business by optimizing your website.

Article Source:

http://EzineArticles.com/?expert=Nermin_Hadzikadunic

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