In response to the surprising input that we recieved on our recent "Housing Bubble" entry. We, dedicated to serving you, with the most up to date information on real estate, found this article written in USA Today....

"Housing market: Risky business?
As housing prices rise at a record-setting pace, the risk of a price decline in hot markets is rising. The chance of a price decline in the next two years for the 50 largest housing markets in the U.S., according to PMI Mortgage Insurance:

Rank City Risk index

1- San Diego-Carlsbad-San Marcos, Calif.-59.9%
2- Nassau-Suffolk, N.Y.-58.9%
3- Boston-Quincy, Mass.-58.8%
4- Santa Ana-Anaheim-Irvine, Calif. -58.8%
5- Sacramento-Arden-Arcade-Roseville, Calif.-58.5%
6- Riverside-San Bernardino-Ontario, Calif. -58.3%
7- Oakland-Fremont-Hayward, Calif. -58.2%
8- Los Angeles-Long Beach-Glendale, Calif.-57.5%
9- Providence-New Bedford-Fall River, R.I.-Mass.-56.8%
10- San Francisco-San Mateo-Redwood City, Calif.-56.0%
11- San Jose-Sunnyvale-Santa Clara, Calif.-55.9%
12- Cambridge-Newton-Framingham, Mass.-53.7%
13- Edison, N.J.-53.6%
14- New York-Wayne-White Plains, N.Y.-N.J.-49.8%
15- Las Vegas-Paradise, Nev. -48.1%
16- Newark-Union, N.J.-Pa.-45.9%
17- Fort Lauderdale-Pompano Beach-Deerfield Beach, Fla.-44.1%
18- Washington -Arlington-Alexandria, DC-Va.-Md.-43.1%
19- Miami-Miami Beach-Kendall, Fla.-35.9%
20- Minneapolis-St. Paul-Bloomington, Minn.-Wis. -35.5%
21- Detroit-Livonia-Dearborn, Mich.-33.7%
22- Baltimore-Towson, Md.-30.7%
23- Tampa-St. Petersburg-Clearwater, Fla.-29.4%
24- Virginia Beach-Norfolk-Newport News, Va.-N.C.-18.4%
25- Warren-Farmington Hills-Troy, Mich. -17.9%
26- Orlando-Kissimmee, Fla. -17.5%
27- Phoenix-Mesa-Scottsdale, Ariz. -16.5%
28- Atlanta-Sandy Springs-Marietta, Ga. -15.3%
29- Denver-Aurora, Col.-13.0%
30- Philadelphia, Pa.-12.7%
31- Chicago-Naperville-Joliet, Ill.-11.2%
32- St. Louis, Mo.-Ill.-10.9%
33- Seattle-Bellevue-Everett, Wash.-10.8%
34- Portland-Vancouver-Beaverton, Ore.-Wash.-10.8%
35- Milwaukee-Waukesha-West Allis, Wis. -10.1%
36- Kansas City, Mo.-Kan.-9.3%
37- Austin-Round Rock-Texas -8.7%
38- Charlotte-Gastonia-Concord, N.C.-S.C.-8.3%
39- Houston-Baytown-Sugar Land, Texas-8.0%
40- Dallas-Plano-Irving, Texas -7.1%
41- Nashville-Davidson-Murfreesboro, Tenn. -6.9%
42- Fort Worth-Arlington, Texas -6.8%
43- Cleveland-Elyria-Mentor, Ohio -6.5%
44- Columbus, Ohio-6.5%
45- San Antonio, Texas-6.4%
46- Cincinnati-Middletown, Ohio-Ky.-Ind.-6.1%
47- Memphis, Tenn.-5.8%
48- Indianapolis, Ind.-5.7%
49- Pittsburgh, Pa. -5.7%
50- New Orleans-Metairie-Kenner, LA.-NA1

In response to this article, Katrina said..."It comes as little surprise to me that our area is ranked so well."

With builders in our area building at a responsible rate and "the market" being as strong as it is, we at SnohomishCountyHomeFinder.com are very pleased to part of our community.

If you have any questions/comments, please, feel free to email or call!

Right now, there is a lot of talk bout "the Bubble"! Here at SnohomishCountyHomeFinder.com, we do the research...so you don't have too! This article was written by Amy Hoak regarding a Harvard University study.....

"Climbing interest rates and cooling speculative demand is putting pressure on the housing boom, but as long as jobs continue to be created and builders curb production, the sector will experience a soft landing, according to Harvard's Joint Center for Housing Studies. The center's "State of the Nation's Housing" report, released on June 13, predicted that even though home-price growth will fall to more moderate levels in many areas, sharp drops in prices are unlikely. The absence of severe overbuilding or big job losses in major metropolitan areas is an important factor in the stability, the report said.About 1 million people became homeowners last year, and mortgages including low-down payment, hybrid-adjustable and interest-only loans helped them make the purchases amid higher home prices and interest rates, the report said. Most owners with adjustable loans have an initial fixed-rate period of three or more years, and most interest-only loans extend for at least five years."While homeowners with annually adjusting mortgage rates are facing interest increases this year, including those with expiring teaser discounts, only about one in 10 homeowners face higher mortgage payments this year," Nicolas P. Retsinas, director of Harvard's Joint Center for Housing Studies, said in a news release."

So there is the latest up to date info. Check back soon and regularly as this blog is ever changing.

If you have a comment, or a question, please feel free to email us.

Central Granite Falls presents a 2 bedroom, 1 bath home with a white picket fence on an easy to mantain quaint lot. Extra amentaties include a security system,high ceilings,large kitchen area, hardwood floors, garage, an unfinished basement, and once car garage.