More Housing Inventory Drops Prices

Not very shocking to those who understand the laws of supply and demand, but may come as a surprise to some of the people who endlessly complain about housing prices but refuse to allow new construction:

Seattle’s rent prices are dropping significantly due to lots of new buildings coming on the market. This has raised the competition for tenants, causing prices for an apartment to go down. San Francisco, are you listening?

Published by

Joel Gross

Joel Gross is the CEO of Coalition Technologies.