The home ownership rate for white people in Seattle is more than 65 percent, but for African Americans in the metro region, the rate is below 30 percent.
It took a mixture of luck and dogged persistence for hairstylist De Charlene Williams to secure a small-business loan. It was 1968 and Boeing was about to begin the infamous round of layoffs that would slash its workforce from 142,000 to 56,000. Local banks were therefore willing to give loans to almost anybody who could promise some cash flow.
There’s been much talk lately of record Asian capital being pumped into the U.S. commercial real estate market, especially in the past year.
In Seattle and Portland, there’s a new kind of apartment building taking shape.
In a sign of what could be the beginning of the end for the hot rental market, average rents are no longer growing at a torrid pace.