Is Transit-Oriented Development the Key to Solving Seattle’s Affordable Housing Crisis?

As a recent Seattle Times article proclaims, “Sound Transit rail stations could help solve our housing crisis,” as each new LINK light rail station will afford the opportunity “to create vibrant, walkable mixed-use communities with significant amounts of new housing and reduced dependence on automobiles.” The $60 billion investment in improving transit and building new infrastructure to support the expanding light rail system marks the largest transit investment in the history of our region, and as the Times points out, “by 2040 we will have light rail connecting Everett to Tacoma and Seattle to Redmond and Issaquah,” which will provide unprecedented and seamless connections around the Seattle metro region.

Real Estate Trends, ConstructionRSIR Digital TeamJuly 16, 2018Seattle Times, Sound Transit, LINK Light Rail, Public Transit, Kent/Des Moines Station, University of Washington, New Development, Multi-Family Housing, Transit-Oriented Development, University of Delaware, Seattle, Puget Sound

The 2017/2018 Market Report

Realogics Sotheby’s International Realty’s acclaimed Research Editor and Data Analyst, William Hillis, has assembled a year-over-year review of eight key counties and 29 regional markets around the Puget Sound. In addition to in-depth market analysis, the report includes the “Condominium Conundrum,” Seattle’s stellar performance on the S&P CoreLogic Case-Shiller Home Price Index, the effects of Chinese capital controls and Canada’s restrictions on foreign buyers, landmark sales on the Eastside, and more. I have compiled a selection of key highlights including trends to watch, to spark a conversation so we may outline the implication for homes in your city.

THE Chang GROUP | team@changgroup.com | 425.678.228810237 main street | bellevue, WA 98004

THE Chang GROUP | team@changgroup.com | 425.678.2288
10237 main street | bellevue, WA 98004