Description
Several recent reports show increasing challenges to housing affordability in western Washington.
Following a national Redfin report showing only 16% of homes affordable on a median income, an annual report by the Puget Sound Regional Council showed a continued housing cost burden for renters and buyers along with a wider-than-ever affordability gap between renting and buying.
The Seattle Renters Commission hears from renters and advises the city on their concerns and potential policy solutions. Co-chair Dan Godfrey said they hear about many issues - unit quality, issues with landlords, renters' rights - but affordability is a large piece of the puzzle.
"If you are at or below median income, especially significantly below area median income, Seattle may begin to feel like it is not for you," Godfrey said. "It's hard to find housing and it's hard to keep your housing."
Read more: https://www.king5.com/article/money/markets/real-estate/challenges-to-housing-affordability-grow-in-western-washington/281-e4956c01-52a7-4928-95a2-0ecadd09ffa0