Have we reached the bottom of the housing market yet? It depends who you talk to. Some say it that it is already here, other say it will take place in 6months, 12 months, 20months, etc. I believe we haven't seen the worst of the recession yet. Large corporations like Microsoft, Boeing, Starbucks, etc. are cutting back employment; many small and modest sized businesses are going out of business. The choices of these large and influential giants have a rippling effect on the State’s housing market. Living at the base of the tech giant, Microsoft, and knowing the company has decided to open its flood gate of layoffs and financial cut back has caused me to wonder at how much influence their choice will have on our local housing market. Will there be more housing inventory? After all, not everyone working for Microsoft owns a house.
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