Huge Demand for Luxury Properties = Critically Low Supply
Due to its higher price point, luxury properties generally have a smaller pool of affluent, discerning buyers. As the influx of wealthy buyers to our region has increased, so too has the demand for high-end properties. Many luxury home specialists say that they...Apartments Everywhere!
Stroll around any popular neighborhood in the region and you will likely have noticed new multi-family developments. Or not…they have become so common that many folks don’t even notice them anymore. More than 10,000 multi-family dwelling units were added...Growing Number of Foreign Buyers in the US, mainly Chinese
Chinese home buyers have become the largest group of foreigners purchasing real estate here. As of March 2015, 16% of foreign buyers in the US were Chinese, compared to 14% who were Canadian. What the report doesn’t mention is that many of the Canadian buyers...Highest Number of Micro-Apartments?
Seattle has the highest number of micro-apartments? Wow, but we’re not surprised. Back in November when we were working on a development project with our client, we learned that there were over two dozen micro-apartment projects in the Cap Hill/First Hill/Eastlake...© Rich Tao Real Estate - since 2003
