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If you've got property in Washington state you're still in a good situation. Job growth continues to soar as Boeing and Microsoft hire. And, with the weak dollar, more and more countries are buying US products and so the ports of Seattle are exporting at an increased rate. They are expected to double the current out put of shipping containers, normally the port handles from 2 million annually:
"With employment really strong, there is less likelihood of having defaults on mortgages," he said, noting Washington's housing sector is avoiding contagion from mortgage market turmoil arising from "subprime" borrowers unable to make their loan payments.
In contrast, the foreclosure rate in nearby California, whose motto is the Golden State, surged to the second highest in the nation in August, according to a report released on Tuesday by RealtyTrac, a leading real estate data provider.
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