December 2016

There are 1 blog entries for December 2016.

Most have seen the Seattle Rental Market headlines “Seattle is 4th Fastest Growing Rental Market in Nation” and “Seattle Rents Now Growing Faster Than in Any Other U.S. City.”   While this overall news has been true in the recent past (meaning earlier this year), the Seattle rental market has seen some signs of relief for renters. For example, Rent Jungle shows the average apartment rent over the prior 6 months in Seattle has actually decreased by $13 (-0.6%). Their data shows the overall decrease is based on one bedroom units decreasing by $20 (-1%) which has more than offset the increase in two bedroom apartments rent: $22 (0.8%). When looking at the Northwest Multiple Listing Service (NWMLS), the number of rented homes and the average rent in King

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