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The Seattle Real Estate Market: The Correction, the Recovery, and What's Next

Home prices in the Seattle metro area have risen steadily in recent years, usually outpacing the national average. However, a recent Seattle home price forecast offered a different picture, suggesting that house values could drop slightly over the course of the next year. According to this same source, house values have declined by 4.5% over the most recent 12-month period. Is it time to start worrying about the housing market again?

Lennox Scott is the third-generation Chairman and CEO of John L. Scott Real Estate founded in 1931 by his grandfather in Seattle. He is very involved with the National Association of Realtors as past Chair of both the Large Residential Firms Advisory Group and NAR Research Committee.  Lennox has been recognized by Realtor Magazine as one of the Top 25 Most Influential Real Estate Brokers in the nation.