Seattle area sees fewer apartment vacancies, higher rents

As Featured in The Seattle Times

Written by Eric Pryne

Photo Courtesy of The Seattle Times

An article outlining the higher rents and fewer vacancies in apartments notes that Dupre + Scott says people are renting rather than buying out of fear. However, "Dean Jones, owner of Realogics Sotheby's International Realty, disputed that. His firm is marketing condos in several downtown projects. Buyers are coming back, he said, in part because of lower prices and new incentives. Those factors, plus low mortgage-interest rates and a shrinking condo inventory, suggest 'the next two years in for-sale housing looks a lot different than the last two years.'"