Well here we are in 2024! The outlook for the year is showing signs of relief for weary borrowers as interest rates have soften up a bit. The stock market has seen some nice upticks as well. Maybe 2024 will usher in some good news economically for a change.
Along the SW Washington coast prices saw a steep increase in 2023, but remains well below the prices for similar coastal properties in Clatsop County, Oregon. Despite the loft price tags the Long Beach Peninsula remains the best deal for properties close enough to the ocean to hear the sea roar. Even if we see a decline in prices along the I-5 corridor, which is a strong possibility, I feel there will be continued upward pressure on the peninsula as retirees flock tot he area from more expensive markets.
We shall see how this all plays out as the shiny new year progresses.
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