A great article was published in Forbes.com on 10-29-2008. It states that on a scale of 1 to 9 Seattle scores the highest at 6.15 in the country. That doesn't mean that everything is rosy but that we are well positioned to weather the storm better than many other markets.
Due to a diverse business base and control on new construction Seattle isn't totally gloom and doom.
http://www.forbes.com/2008/10/29/foreclosure-recession-cities-forbeslife-cx_dp_1029realestate.html
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