Data from a 2015 study of Seattle housing shows demand for apartment is robust and likely to stay that way.
According to Roger Valdez of Smart Growth Seattle, trends toward apartment living are not a passing fad, or some anomalous feature of the recession. "In Seattle, and all over the country, people are not buying single-family homes in the numbers we’ve seen in previous decades. And younger households are staying rental units longer."
Valdez cites a 2015 market study from the O'Conner Group, that says, "We predict 60% of all new households in the Seattle-MD will be renters (in 2016)." The forecasts, which extend to 2022, predict that number will decreasing only two percent in the intervening period.
FULL STORY: REALITY CHECK: HIGH DEMAND FOR APARTMENTS IS THE NEW NORMAL
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