Home Builders can sleep until 2024 in Seattle - potential deals in Seattle
Looks like Seattle’s already achieved 50% the number of housing units they were targeting for 2024 here in 2008. Approximately 47,000 housing units are built or being created right now which would represent the city’s 2024 housing targets. Specifically, Ballard and Eastlake take the cake as far as being the most overbuilt for now. Other areas in the Seattle region include Bellevue, downtown Renton, Covington and Maple Valley as far as areas that qualify as growing very fast in terms of housing.
My thoughts are possible good buying opportunities given the downturn in the housing market on top of a surplus of housing units.
More about how Seattle’s overbuilt in terms of housing here.
Jun 18 2008 04:32 am |
Advice Real Estate and For Real Estate Consumers and Real Estate Deals and Real Estate Speculation |