What does the future holds for the local Cowlitz County real estate market?
As the country's economy is going from bad to worst, oil prices, the value of the dollar among other issues are causing many corporations and small business owners to go out of business or cut back on stuff living thousands of hard working people with out a job through out the Country. As of today Cowlitz County has not been hit as bad as other parts of the country but the worst may still to come according to some experts.
The sub prime loan melt-down mess had hit hard some parts of the states like Arizona, California and Florida among others, here in Washington hasn't been that bad but some experts believe that the worst may still to come especially for Cowlitz County. According to state economist quoted in the Wall Street Journal, over half of the mortgages acquired in Cowlitz County during the last four years were sub prime loans and are do to reset in 2008 and 2009.
As all these mortgages reset to a higher rate many of these barrowers more than likely will be in trouble unable to keep up with the higher mortgage payment and eventually will be force into default joining the masses already in crisis and eventually raising the number of foreclosures in the next couple years. The following link will take you to view all currently available Cowlitz County foreclosures.
Contact Cowlitz County real estate agent, Venancio Gonzalez a GRI, E-PRO Realtor®, with Windermere Real Estate Allen & Associates, 360 751 4001, for a foreclosure consultation, to list your home or to purchase a home in Longview, Kelso, Woodland, Kalama, Castle Rock, Toutle, Silver Lake and Cathlamet.
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