According to the most recent statistics released by the Federal Housing Finance Agency (FHFA), the Seattle/Bellevue/Everett area has out performed the 25 largest metro areas in the country over a five year period. This long term gain in real estate value becomes even more impressive when you consider how hard hit we've been hit recently. The Seattle area performed near the bottom of the pack when comparing the most recent quarter over quarter results.
Do these statistics (Download Rankings) prove that real estate has been a better long term investment in the surrounding neighborhoods of Seattle or does it mean we have further to fall? The answer may be tied to how our upper-end housing market performs over the next year.
Photo courtesy of cwPhotography
