Apartments Seattle -Building Surge Has Some Warning of a Glut

apts seattle: cherry pieAs a follow up to my article on apartments Seattle I found this and wanted to link to it.

It seems that a lot of people are moving into apartments Seattle because of the housing crisis and the high rate of foreclosures. In fact 6,796 new units are projected to hit the Seattle-Bellevue market in 2013.

Some people are worried that the market will be overbuilt with all the new units. This could bring freebies and perks to renters but would probably keep developers and bankers from realizing the profits they expected. Some say the market for single family housing is about to rebound which could cause additional problems for apartments according to http://www.bizjournals.com/seattle/print-edition/2011/06/24/seattle-apartment-building-surge-has.html?page=2.

“There’s a dance between the two markets,” Conway added, “and I wonder what that dance will look like three years from now.”

Right now it’s still cheaper to rent than own in the Seattle area — but the gap is getting smaller as rents rise and house prices fall.

How about you? Any luck finding apartments Seattle ? Comment below.

***If you’d like some help finding an apartment in Seattle, I’ve got a whole staff of people standing by to help you for free. Call one of our apartment experts at 877-676-1301.

Or, click here: http://www.aptsseattle.com/discover-seattle-apartments

[Image credit: cosmickitty]

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