A little first of the year news round-up for our fans. The most interesting thing that we have noticed in the last month is the extremely low rental vacancy here in the central Seattle neighborhoods. The vacancy rate is now at an all time low with landlords raising rates or capping down on extra benefits. At the same time we have seen a continued decline in condo pricing. Are you thinking what I’m thinking -> investment buy time?
Here is a great article in the Puget Sound Business Journal regarding the rental rate.
The Wall Street Article just published an article basically stating that landlords are acting like airlines and raising rental rates per the demand. More after the jump ->