SEATTLE — Seattle is building more apartments than just about anywhere, and now 1 in 10 units across the city are sitting empty. Landlords have responded by lowering rents slightly and offering more perks to get tenants in the door.
PORTLAND — Portland built thousands of apartments in 2017, helping slow rent increases to levels not seen since 2011. But housing remains out of reach for many in the city, according to an annual report from the city’s Housing Bureau released Wednesday.
Downtown Vancouver has experienced rapid growth in recent years, and one of the clearest visual signs is the return of tower cranes to the city’s skyline. Prior to 2016, the most recent downtown project to employ a tower crane was Vancouvercenter, built all the way back in 2001.
Clark County real estate activity slowed down in November, according to the latest numbers from the Regional Multiple Listing Service’s Market Action report. New listings, pending sales and closed sales all dropped slightly from October.
Sixteen projects are looking for a piece of Vancouver’s $6 million Affordable Housing Fund as applications have opened for a second round of funding. For the first time, for-profit developers are also looking for assistance.
Clark County’s housing market saw mixed results in sales for October, according to real estate data released on Friday, with 680 sales reported but only 843 new listings compared to 951 reported the month before.
Lennar’s Kennedy Farm community is one of several developments in Clark County from the national homebuilding company. And as one of the newest developments, it serves as a “smart homes” showcase — displaying a suite of devices that can be remotely controlled using Amazon’s Alexa virtual assistant.