Election Day is over, so what's next for Seattle and the Northwest?
Seattle Mayor-Elect Jenny Durkan has a difficult task ahead, but she has promised to bring more than 1,000 affordable housing units to Seattle as well as provide rental vouchers to those who need it most.
The housing crisis is going to be a topic that will need much attention, so what does that mean to you?
If you're thinking about selling your home, you're in a great position as there is high demand for housing.
If you're wanting to buy a home, what better way to explore neighborhoods, the Greater Seattle/Northwest and make some new roots. Housing prices will likely grow, so it never hurts to start your search early.
If you're an owner/landlord or tenant, just know there are rules to protect your rights, which are changing with housing affordability. Pay attention.
Overall, the housing supply must continue to grow and keep up with demand and the influx of people coming to live in Seattle and the Northwest. Since Seattle land cannot grow more horizontally to handle the density, then that means it can only go upwards/vertically. Zoning in various Seattle neighborhoods will need to be re-examined. You will also see the"urban sprawl" happen as people start to move out to suburban areas away from the central urban areas such as Seattle, thus increasing housing prices.
Regardless of how you look at the changing landscape, this is a great opportunity to sell, buy, own and live in Seattle and the Greater Northwest.
