Data still shows a strong market for landlords

Thursday, May 19th, 2016

There were two articles in today’s Seattle Times reiterating the macroeconomics of a strong market for landlords. The first discusses in-migration of people to Seattle–last year it was the country’s 4th fastest growing city with a 15,000 person increase .

15,000 people moved to Seattle last year

The second article quantifies the number of million dollar homes in Seattle– now ranking #14 in the country with homes valued greater than $1M. Such pricing growth will continue putting pressure on people to either: rent, buy in less affordable areas, or seek housing farther away from the core.

Seattle is now 14th in quantity of homes worth greater than $1M