Want to know when the real estate market at Lake Chelan bottomed out?
By Al Lorenz
I can tell you now. The bottom of the real estate market was almost exactly one year ago at Lake Chelan. Sales at the end of 2008 and beginning of 2009 were the worst in a long time. Since then, we have had two quarters of stronger sales. Check it out on my Lake Chelan Real Estate Residential Sales Report. Will prices start to climb? Might we have another dip in housing? The answer to all of those question is that anything is possible. But, inventory of homes is still good for buyers with a great selection of homes. Prices are still lower than they have been in years. AND, interest rates are at nearly record lows for my life time. I expect interest rates to go up significantly at some point. Do the math, if you have steady income and will be staying in the same location for ...