By historical standards, “we have what should be the makings of a housing boom,” said Dick Conway, an economic forecaster. Low interest rates mean a mortgage, as a percentage of household income, is more affordable than at any time since 1970… Job prospects in the Puget Sound region are good, and home prices are rising. Put those three together, he said, and a housing boom should occur. Bidding wars and cash offers are common again in popular Seattle neighborhoods.
Inventory crunch drives King County home prices up ~ Seattle Times
Housing Shortage to Last Another Year ~ The Street
Sorry, All Home For Sale Listings Have Been Removed From My Website ~ Rutenburg Realty