Seattle New Construction Permits

While listening to the national news today I kept hearing the headline, "New Home Sales Stall." However, if one drives around Seattle, Washington one may come to a different conclusion because of all the holes in the ground where new homes are being built.

For example, when looking at the neighborhood of Queen Anne there have been approximately 23 new construction permits issued so far this year. It seems like a building boom!

The real estate market is like the weather. It is important to pay attention to what is happening locally. I believe Seattle is bucking the national trend.