Real Estate

Read the latest news about residential and commercial real estate in the Seattle area and Pacific Northwest. Topics include home sales and prices; rent and mortgage rates; apartment, condo and single-family housing markets; development, skyscrapers, construction and office space; and affordable housing issues. Some of the players in the marketplace include Vulcan, Zillow, Redfin and Case-Shiller.

Seattle construction boom means lots of empty apartments, even some cheaper rents

In Seattle’s Ballard neighborhood, the city’s apartment glut is evident, as construction projects are at various stages, often right next to each other, Thursday, June 21, 2018, like these two buildings on either side of NW 56th St. at 17th Ave. NW. 206767

It's been quite the reversal for the Seattle-area rental market, where rent growth has been near the bottom of the country in 2018 following years of rent hikes that were among the nation's largest. Now, landlords have responded by giving out perks to lure renters.

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