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SeattlebyDesign | Condos & Lofts, Houseboats, Waterfront, & Residential Real EstateSeattlebyDesign | Condos & Lofts, Houseboats, Waterfront, & Residential Real Estate

(206) 790-7874

Nearly 22% of Seattle’s Renters are Qualified Buyers

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MARC STILES REPORTED IN A RECENT PUGET SOUND BUSINESS JOURNAL  FEATURE THAT “MORE THAN A FIFTH OF RENTERS IN SEATTLE COULD AFFORD TO BUY HOUSES,” A FACT THAT IS CONTRIBUTING TO THE SEEMINGLY EVER-RISING COST TO RENT IN SEATTLE.

Seattle’s rent is currently growing faster than any other city in the U.S., this according to the Seattle Times as June 2015 vs. June 2016 rent comparisons revealed a staggering 9.7% increase. What’s more, “rents are soaring so fast that June’s 1.1 percent monthly price gain in the Seattle area beat out the growth that Chicago and Washington, D.C., have seen in an entire year.”
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Posted in: Rental Market Tagged: BizJournal, dean jones, Millennials, NEXUS, NEXUS Seattle, PSBJ, Puget Sound Business Journal, Rental Market, seattle, Seattle Times, Zillow

What the Real Estate Industry Needs to Know about Millennials

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According to an infographic recently released by Inman, the real estate industry needs to stand up and pay attention to millennials, because they “will greatly impact and shape the residential real estate market, as well as housing design and development.” Further, “they are the largest source of new demand for rental housing and first-time home purchases.” As the infographic describes, millennials are “projected to be 3/4 of the workforce by 2025” but half of millennials are currently renting. This means there will be an onslaught of millennial homebuyers coming onto the market as time progresses.
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Posted in: Millennials Tagged: #NoPlaceLikeOwn, First Time Home Buyers, Infographic, Inman, Millennials, No Place Like Own, Real Estate, seattlebydesign

Credit Building Tips for Millennials

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Are you looking to get your credit in order in order to prepare for a future mortgage? Here are a few “do’s” and “dont’s,” courtesy of Ken Chaplin from REwired:

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Posted in: Financial Tagged: Credit, Credit Card, Generation, Late Payments, Millennials, REwired, Student Loans

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