In the way of good news

Monday, July 9th, 2012 at 12:25 pm

Clay Sparkman

I am re-posting two short articles that I posted on the investor blog recently. Why? Because they are quite positive and credible in their outlooks, and I feel that we could all use a dose of optimism with regard to real estate markets about now. (It has been a long five years.)
Too good not to share
I figured this was too good not to share. After all, when The New York Times speaks …
http://www.nytimes.com/2012/06/28/business/economy/new-indications-housing-recovery-is-under-way.html
I’ll try to get back to posting more frequently. I’ve been a bit at a loss as to what to post lately. If anyone has anything they’d like to know more about, please let me know.
Another good piece of data for real estate markets in the PNW
This from a recent article in The Puget Sound Business Journal:
“Sales of larger apartment buildings in King County are on the upswing, setting a record average price per square foot in 2011, according to data supplied by Dupre + Scott Apartment Advisors Inc.
Investors last year paid an average price of $136,509 per unit for apartment complexes with 20 or more units in King County, Dupre + Scott data show. That’s the highest price paid in more than a decade, topping the average price of $135,371 per unit set in 2007.
That record price is especially surprising considering sales are still well below their 2005 peak …”
Good news for Pacific Northwest real estate markets continues to mount. Let’s hope it (the market) continues to follow the recent indicators.
– Clay (clay@privatemoneysource.com, 503-476-2909)
Clay is Vice President of Fairfield Financial, a primary source for private money since 1964. Fairfield is currently targeting loans in OR, WA, AK, CA, CO, ID, FL, GA, ID, MT, NV, NY, OK and TX, but is able to source loans nationwide. To submit a loan to Fairfield for consideration: http://www.privatemoneysource.com/loanproposal.php