GlobeSt.
By: Jeffrey Frank
“Seattle’s 13.1% increase in home prices has led the nation for 20 months in a row, just ahead of Las Vegas and San Francisco. One of the unfortunate results of record price increases in booming metropolitan areas is the lack of affordable “workforce” housing for individuals. Seattle and our region provide vivid examples of the affordability gap playing out across the county—while wages for workers in Washington State in 2017 grew at their fastest rate since 2007 (5%), statewide increase in home prices more than doubled that amount.”
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