Seattle foreclosures increase in March

Default Research Inc., one of the largest real estate research companies', released a statistic confirming a 27% increase in home foreclosures for the Seattle area. What's surprising is that the research also shows Seattle as prime real estate despite the foreclosure increase and sub prime mess. King County is still growing rapidly, and was referred to as a "crown jewel" for buyers. If you can afford King, Pierce, or Snohomish County neighborhoods, it sounds like a great investment even with recent troubles. Several articles have eluded to the fact that the Seattle area is still a great place to buy even with a nationwide downfall. Any opinions or experiences to the contrary?