Despite Recession, Seattle Home Values Among the Most Stable in the Nation
April 02 2009 - 9:15AM
Marketwired
Cascadia Investments, Inc. (PINKSHEETS: CDIV) -- The following is a
snapshot of what is happening today in the Seattle real estate
marketplace. The Greater Seattle Chamber of Commerce has it right
when they state, "The continuing growth of the Puget Sound region
is a clear indication of its desirability as a place to do business
and to live."
Although housing-market activity continues at a slower pace and
appreciation is only in the single digits as compared to recent
years, in this region of the country, economists do not expect home
prices to drop significantly. According to the Chamber of
Commerce's data, "The region's population topped 3.5 million in
2007, and more people have consistently been moving here than
leaving. This influx of new residents is expected to remain strong
for the foreseeable future. In fact, the Puget Sound Regional
Council estimates that by 2040, the region will add 1.7 million
people and 1.2 million more jobs."
Given this outlook, Cascadia intends to accelerate its pace of
acquisitions and aggressive growth for acquiring holdings in the
Seattle and Tacoma markets and is currently in negotiations for
additional properties that will fit well into its expanding
portfolio.
About Cascadia Investments, Inc.
Cascadia Investments, Inc. (PINKSHEETS: CDIV) 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.
Cascadia Investments, Inc. is continuing its open market share
buy-back initiative to reduce float count and increase shareholder
value. We look forward to updating you on the continued progress of
this initiative.
Cascadia Investments, Inc. generates profits based revenues and
currently has no need for dilutive financing, and furthermore, will
continue to operate with an un-gagged transfer agent thereby
maintaining complete corporate transparency.
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.
Cascadia Investments, Inc. Tel: 253-383-7194
www.cascadiainvestmentsinc.com
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