WA Population Growth

While the current real estate market in the greater Seattle area is sluggish with growing inventory and declining pending sales, the future is fairly secure for Washington State according to a recent publication by the Washington Association of Realtors.

Citing forecasts from the Washington State Office of Financial Management, the association states "The home market isn't keeping pace with the growth of the state's population, which is continuing to increase at 1.8 percent per year. The state's population will increase by nearly one million over the present decade and reach 6.8 million by 2010. About two thirds of the growth is due to in-migration; the rest is a result of the growth of families now living in Washington."

At least there's hope for the future.