Even the main stream media is picking up on trouble heading for the LOCAL housing market. The Puget Sound Business Journal has articles on rising mortage payments and forclosures.
As they point out many people who bought properties with adjustable rate mortgages are already seeing their payments rise, some to the point of being forced to sell or face foreclosure. Many experts are still claiming that our local economy is insulated from the housing slowdown being seen across the country – but I don’t think so.
