As the Seattle area zips through a historic building boom, one of the most visible changes is a surge in bulldozing old, small houses to make way for big, new homes that typically carry much higher price tags.
Seattle on average now sees one home teardown every day. More houses have been demolished and replaced in the past 18 months than in the four previous years combined, a review of property data shows.
And a few suburbs are seeing local streets transformed by teardowns at an even higher rate.
Average US 30-year mortgage rate unchanged at 3.43 percent – Seattle Times