Home ownership seems to be alive and well in King County, judging from just looking. But city politicians and others have become worried about housing and rental affordability in the area. Seattle City Council, "Affordable Workforce Housing" .New development and planning reflects such concerns and national trends King County: Building Equity and Opportunity.
But there is still a large residential market despite limited areas available for expansion.Sometimes it is worthwhile to hop in a car (or bus) to look at homes and residential areas, some of which are being superimposed with changes and growth in the vicinity. Other areas are staid and appear unchanged while some communities have a feel of seclusion in the midst of density.
In the last several days news has also heralded Seattle as the fastest growing city in the nation last year, with an additional 18,000 residents, Fast-growing-Seattle-nations-21st-largest-city ( KOMO news), and from CBS Seattle: Seattle is Nation's Fastest-Growing Major City.
To accommodate such growth it follows there will be (and has been) change in local neighborhoods. There is also some evidence Americans are “doubling up” as far as housing, with teenagers and young adults staying home longer, or owners renting out rooms for additional income.
The New York Times has published some interesting data in regards to the housing market being a continuing drain on the economy, Why the Housing Market is Still Stalling the Economy. New homes and apartment building have been lagging in comparison to historic averages and population growth as well as the bust of the housing bubble and recession. Yet people have to live somewhere.
Other related and important challenges in Seattle continue to include traffic, infrastructure and Metro funding.