News bloger for fun: More renters, fewer owners may be long-term Puget Sound trend

2011年2月5日星期六

More renters, fewer owners may be long-term Puget Sound trend

Developers are cutting condo prices again, trying to woo people into buying units in the many high-rise buildings put up during the housing boom that now stand largely empty. The developers say it?s a great time to buy: Interest rates are low, prices are down. And the region will soon see a shortage of condos because new projects have been put off by the housing market crash. But a number of economists, researchers and other disinterested observers see a far different trend. The housing bubble has deflated, and that fact coupled with demographic shifts is pushing overall home ownership...