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There is enough new housing here that apt buildings went down in monthly cost last summer. People keep moving here so house prices have been stubbornly resilien
by NotSammyHagar 6y ago
There is enough new housing here that apt buildings went down in monthly cost last summer. People keep moving here so house prices have been stubbornly resilient.
- rtlfe 6y agoAccording to this, Seattle rents doubled from 2010 to 2016 and have been fairly flat since then. SF seems to follow basically the same curve: up 1.5x from 2010 to 2016 then flat-ish. https://www.rentjungle.com/average-rent-in-seattle-rent-trends/ https://www.rentjungle.com/average-rent-in-seattle-rent-tren... https://www.rentjungle.com/average-rent-in-san-francisco-rent-trends/ https://www.rentjungle.com/average-rent-in-san-francisco-ren...
- NotSammyHagar 6y agoThat about matches this story, but some places had small drops and the hidden price reductions by keeping monthly price high but giving free months. https://www.seattletimes.com/business/real-estate/renter-boom-apartments-filling-up-faster-in-seattle-area-than-anywhere-in-the-u-s/ https://www.seattletimes.com/business/real-estate/renter-boo... Maybe I was too much on the dropping side but the article says prices had been booming like you said for a decade and 10k units were filled and then prices stabilized.