The W Report - November 2023 Local Housing, economic and lifestyle updates.
Local market update.
As the holidays approach, King County’s residential market is slowing, but the cause isn’t the season’s traditional dip in buyer activity. Interest rates and inventory are limiting the number of closed transactions in Q4. Find our full market recap here.
News + trends.
[THE STATE OF] REAL ESTATE
Seattle approves $1 billion housing levy
Voters passed a historic housing levy that will serve as a primary funding source for affordable housing in the city. READ MORE
LOCAL ECONOMY
Work-from-home rates drop in Seattle and on Eastside
More area employees are returning to the office, with the number of remote workers declining sharply since 2020.
