Is Seattle Real Estate Market Bouncing Back?

Seattle Real EstateFourth quarter real estate numbers are dismal, but the picture changes when you look at what happened in January.

A new report from Zillow.com shows a drop in home values and an increase in people who owe the bank more than their home is worth. According the Zillow’s data, nearly three out of 10 local homes that sold in December sold at a loss.

But some say what happened locally in January may signal the turnaround we’re all hoping for. Local real estate agents tell me home buyers are beginning to wake up. “We have a better atmosphere out there,” said Tom Wilbanks of Windermere Real Estate.

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