Rents are rising in our region as buying becomes m

Real Estate

While buying a house continues to get more affordable in the Puget Sound region, Seattle renters still have it tough.

August marked the eighth consecutive month with median rent increasing in the city.

Per the latest data from Apartment List, between July and August, Seattle rent increased 0.5 percent, along with a 1.3 percent year-over-year increase to boot. And while this is behind the national year-over-year average of 1.5 percent, it’s still a stark contrast to the city’s increasingly more manageable housing market.

The most recent report from the S&P CoreLogic Case-Schiller home-price index showed Seattle as the only major city in the U.S. not to see a year-over-year increase for housing prices between June 2018 and 2019.

Click here for more information: https://mynorthwest.com/1497628/seattle-renters-report-august-2019/