For those of you who already call Seattle home, you're likely wildly aware of all the amazing benefits living in Seattle affords. With a strong economy, well paying jobs, and a housing market that has seen great strides since the housing bubble popped all those years ago, Seattle continues to thrive in a fluctuating American market. This stability has attracted home-buyers eager to move into the area. Incidentally, buyers are sorely outnumbering sellers, creating a need for more housing space capable of filling the we find ourselves at a bit of a precipice as we make the moves to try and incorporate more space for people.
Though Seattle has been going through a construction boom in recent years, and showing no signs of stopping, there can only be so much room for people to come in and call Seattle home. Though we for one wish the circumstances could be different, being the champions of the city, we are, we wish that everyone who wishes to come here could have the space to do so, but in the meantime, there is space issues to sort out, and the issue of where construction can reasonably end in the near future. Wherever the end goal line, we hope that it includes an extension to the population counter of the city.
Though it’s great news to know that the Seattle area is such a draw for those looking to relocate, it’s a proposition that unfortunately can only go so far. Eventually in any city, with any size limits, there will come a point where further expansion just isn’t possible, and the space within becomes an issue of supply and demand, driving up prices to the realm of the unaffordable, which we are already seeing hints of within our city borders. As homes in the high six-figure range seem to be the only ones with large vacancy spots.
This of course is good news for those who already own homes in the area, as the value of those investments are starting to see drastic rises in the overall resale price. Knowing that the home you purchased so many years ago for a decent price is now sitting in the mid-six-figure range has to be good news for just about any homeowner, but when it comes to those looking to purchase property in the near future, this can be an issue. Of course, there are hurdles for the city to overcome, but we hope it can be done in a way that works for everyone.
We at Seattle 5 Star Review wish there was an easier solution, yet when it comes to the infrastructure of our city, and the steps that are being taken to open up some more space within our region for those looking to come and join the community, we need to put a little faith into those leading the charge. We hope that that the answers open soon, and that we have the means to make more accommodation, because there is a lot to the city, and more each day for everyone to see.