Bill on Marketing

Egads, could it be happening? We are getting reports of good sales activity - - especially presales - - from a number of sources. Harbour Homes, Village Communities, The Burnsteads, Harr Family Homes, CamWest, SDC, and Conner are all reporting decent presale activity. I’m sure Quadrant should be on the list, but they are careful about sharing information. Condo sales at Verdeaux, Enso & Gallery are also brisk. Many of the sales are in the more affordable price ranges - - or with large priced discounts - - but these sales show that market demand exists. I report what I hear about, so send me info and I am happy to publish results.

On another front, Eric Phillips, the new Director of Development in the city of Edgewood (Puyallup area), is taking a pro-active approach with developers and reaching out for comments and suggestions. Interesting. Could be catchy. www.cityofedgewood.com

Sarah "Krebsy" Adams Reports

RealtyTrac recently published that an estimated 3.2 million households will have received a foreclosure notice in 2009, up from 2.3 million in 2008. They project the number could reach 4 million in 2010. At about the same time, Moody’s listed the five best cities for home prices, which follow in the chart below. These pockets share the same characteristics, namely, limited supply of housing stock and prices that reasonably stayed in sync with household income over the past decade. We also note that these markets are not among the largest population concentrations in the country.

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