The Next Building Boom Could Reset Housing

There’s talk of a new building boom on the horizon, and as someone who’s been immersed in Seattle real estate since 2005—especially in the world of bank-owned and distressed properties—I’ve seen firsthand how housing trends are often described as cyclical. But if you dig deeper, a more persistent driver emerges: a longstanding shortage of supply that’s consistently pushed property values upward across the country. Understanding these underlying forces is essential for buyers and sellers alike, particularly in markets with unique inventory challenges like ours.