Found 1 blog entry tagged as supply and demand.

Housing Crisis 2018: Lack of Housing Supply Creates Critical Shortage In All Price Points

And this time the crisis is all about one thing: supply

WESTERN WASHINGTON and specifically (King County) is in the midst of a housing crisis. But the affordable housing crisis isn't just hitting Seattle. It's spreading to outlying areas, where fewer and fewer people can now afford. This is largely the result of lopsided supply and demand. According to recent real estate reports, housing markets across King County are still suffering from a lack of inventory. There are plenty of buyers entering the market, but not enough properties to go around. Last year King County prices soared over 11% on average with some areas nearing 30% appreciation in just 1 year.

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