Liberal Talk Radio

Those of you who are hoping that Seattle’s housing market will take a dive in ‘07 may not get your wish:

But Seattle was not among the markets Moody’s expected to decline. In fact, another Moody’s analyst wrote in August that the Seattle area wasn’t hit as hard by slowing sales for several reasons, chiefly that its excess supply was half the national average. The report predicted the area’s strong growth of good jobs would help it “outperform the nation over the forecast horizon.”

This seems to be borne out by anecdotal evidence. There are certainly a TON of high-end condos coming on line, but the supply of everything else is at a premium.