Reasons to buy a home in Renton

    If I’m considering buying an investment property, I look at community strength and there are great reasons to buy a home in Renton. A great example of Renton community strength and intelligent commerce planning is what is happening at the Landing, a 68-acre urban village just off Interstate 405 near the south end of Lake Washington.

 

  For the most part urban planning and expansion in Renton seems to be progressing smartly. The exception being the poorly planned and generally unsupported construction of the downtown Transit center and the severely underused though costly adjoining parking garage.

 

    I just read an article written by Laurence Yun, the chief economist for NAR (National Association of realtors.) In it he sites a 41% increase of foreclosures but reminds us that this increase is mostly the result of investor-heavy real estate purchases in Arizona, California, Florida and Nevada.

  

  These guys have been flipping properties for years and suddenly the bottom dropped out of that plan. I haven’t checked the numbers but he also comments that the number of foreclosures in Utah, New Mexico, North Carolina and South Carolina is actually declining. This would be good news and I would want to confirm this.

 

    The current statistics in Renton and most parts of KingCounty show us that even though houses are sitting longer on the market and we have less buyers available to us then in the past, home values have continued to increase. Certainly not like they have in recent years however, this shows us that more then anything there is a confidence issue people want to overcome.

 

 

  Renton real estate is still a very wise investment and it is a great time for prospective home buyers to take advantage of this market. So like I said there are plenty of reasons to buy a home in Renton.