Today from the Seattle Times:
“Among major metropolitan areas, Seattle’s real estate is the best in the nation as a prospective investment, a national report released Tuesday says.”
“Housing demand in Seattle is slipping, and prices are dropping, while still remaining ‘well above the national averages.’ Condo sales are ‘falling dramatically,’ but the market is still rated a strong buy for apartments, with rents moving up, vacancies heading down and a limited number of new projects.” Read more…
The Times keeps saying that rental rates are moving up in Seattle, but we’re not seeing that at all at SR and SRG. It’s slowed down drastically in the past month or two because a flood of homeowners who have been trying to sell are dumping their properties into the rental market – they’re afraid of their homes sitting unsold during the slow holiday months. The Seattle Times always seems to be about two months behind on our rental market for some reason.
