Up Close and Local: Seattle Market Update
Seattle has ranked among the apartment sector’s stellar performers throughout much of the current economic cycle, and as a national leader for population growth in 2017. However, the Emerald City ends 2018 in much weaker shape than from the start of the year with pricing power in this market plummeting to an eight-year low.
The new supply wave continues to pummel the market and influence the softening trend. Is near-term relief in sight? Join RealPage analysts as they sort through Seattle’s prospects overall to determine if they’re going underwater and discuss:
- Fundamentals by product category
- The outlook in key neighborhoods
- The impact of peak completions in 2019
Greg WillettChief Economist, RealPage, Inc.
Greg facilitates the alignment of the firm’s technology and analytics solutions with rental housing sector needs and opportunities. He is well versed on rental housing market fundamentals and activity nationally, by metro and in individual neighborhoods. Greg is active in industry organizations such as the National Multifamily Housing Council, the Urban Land Institute and the National Apartment Association. He provides commentary for national and local business media.
Adam CouchMarket Analyst, RealPage, Inc.
Adam Couch is a market analyst with RealPage’s Data Analytics division. Prior to joining Realpage, Adam worked in the foreign exchange and futures industry where he focused specifically in capital markets. He graduated from the University of North Texas with a degree in Finance and was a part of the Student Investment Group. Adam has traveled extensively throughout China where he studied international policy and its impact on macroeconomics.