The Manhattanization of Seattle?

Image Courtesy of the Article

The June 19, 2015 edition of the Puget Sound Business Journal features a four-page special section based on a recent expert round table discussion on the state of the in-city housing market and the rent vs. buy debate. Dean Jones, President & CEO of Realogics Sotheby’s International Realty (RSIR) was joined by Trevor Bennett, mortgage banker and Kirkland Branch Manager with Caliber Home Loans, economist and appraiser Brian O’Connor, Principal of O’Connor Consulting Group and Nelson Yong, an executive with SILK I Digital Media and a representative of Millennial consumers. The resulting feature, entitled “The Manhattanization of Seattle?” by journalist Cynthia Flash highlights the trajectory for Seattle (and Bellevue) to follow a trend towards urban density much like New York City; Vancouver, BC; and San Francisco, which forecasts rising costs for consumers as developers struggle to deliver affordable housing solutions amidst inflation, entitlement fees and an ongoing preference to build apartments instead of condominiums."