Posted by: phillipsre | February 2, 2016

How Long Will The Boom Last?

housing-bubble-1-450x450The economy and the real estate market has been going strong for a few years now, many experts are asking is 2016 the year it might slow down? This article from the Seattle Daily Journal of Commerce says it doesn’t think so. Experts explain that as along as Amazon and Boeing remain strong and continue to hire new employees, the economy and the real estate market will keep growing as well. One area that is slowing down a bit is single family housing construction. Single-family houses make up only about a third of all residential building permits in Seattle, Tacoma and Bellevue right now as multifamily continues to dominate. This is a complete reversal from 10 years ago, when two-thirds of residential permits were for single-family houses. For more information on this click here for details.

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