Rents are going up. Sorry renters, it's all about supply and demand and it will take a while to get more apartments built to handle the demand.

Rents are going up. Click here to read about some of the latest examples of these increases.

December house sales up in Seattle.

Sales went up but prices went down slightly. That might be the trend for a couple of months. After that I predict sales and prices to both go up steadily hand-in-hand. Click here to see the entire article about increased home sales.

Bellevue Towers goes back to the bank.

With only about 20% of the units sold in the last 2 years the Bellevue Towers goes back to the bank. Expect reductions of prices of around 20% to get sales moving. The condo market continues to take a beating in this market. Click here for the entire article in Seattle Times concerning Bellevue Towers.

Construction in Seattle for 2011, Apartments!

Though residential and office builders are nervous about breaking ground on new projects one area that is forging ahead is construction of new apartments. A predicted influx of 20-somethings into Seattle over the next few years creates a market for more renters. That's good news for everyone. I predict that many of those who come to Seattle will decide to stay and eventually buy a home or condo. Click here for the entire article found in the Seattle Times.