The Seattle market has made countless headlines recently for seemingly endless home price growth, and in expensive markets such as ours, there’s often a misconception that millennials are giving up on homeownership altogether.
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In a feature published August 14th, Sightline Institute asks a question on many minds: why does Seattle build apartments but Vancouver, BC, builds condos? As the article notes, “last year nearly 60 percent of new housing starts in the city of Vancouver, BC, were condominiums; meanwhile, Seattle saw no new condominium buildings open.”
Vulcan announces that it will lease new $246 Million space to Facebook.