Seattle Real Estate Market Up 5.9% and Tacoma Up 4.4%
TACOMA, WA--(MARKET WIRE)--Nov 27, 2007 -- Freshstart Properties, Inc. (Other OTC:FSPP.PK - News) -- While the rest of the nation's real estate market is experiencing a correction from the sub-prime fallout, the Pacific Northwest market has actually made positive gains, according to the national press. This trend is expected to continue as the decline in new-housing starts, currently 7%, puts upward pressure on housing prices.
Also fueling the market's growth are the estimated 52,000 new jobs coming to the Puget Sound area over the next year.
The company is nicely positioned to take advantage of the increase in values and rents by acquiring well-selected real estate in this growing market, as witnessed by its recent acquisitions.
November 5, 2007 -- The company announced that it has finalized negotiations on a purchase of an apartment building, which is located at 627 North Anderson in Tacoma, WA.
November 6, 2007 -- The Company announced another property acquisition. This property is a four-unit apartment building located at 632 North Anderson in Tacoma, WA.
November 13, 2007 -- The Company announced a purchase of a rental property. This property is located at 702 East 66 Street in Tacoma, WA.
The Company's website at www.freshstartpropertiesinc.com has details of its entire property portfolio.
All of the positive news is encouraging for Freshstart Properties, Inc. as it continues with its focus of creating equity, generating revenue, and maximizing the value of its stock.
About Freshstart Properties, Inc.
Freshstart Properties, Inc. (Other OTC:FSPP.PK - News) is a publicly traded real estate development company operating in the Pacific Northwest. The company's principal objective is to create equity and long-term earnings growth through the acquisition and development or renovation of undervalued and foreclosed real estate.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the forward-looking matters discussed in this news release are subject to certain risks and uncertainties which could cause the Company's actual results and financial condition to differ materially from those anticipated by the forward-looking statements including, but not limited to, the Company's liquidity and the ability to obtain financing, the timing of regulatory approvals, uncertainties related to corporate partners or third parties, product liability, the dependence on third parties for manufacturing and marketing, patent risk, copyright risk, competition, and the early stage of products being marketed or under development, as well as other risks indicated from time to time in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
No comments:
Post a Comment