Property owners gain while others face hardships. They reported the vacancy factor is around one half of one percent. The working class is having a hard time finding affordable housing again.
Meanwhile the construction industry is back to full production. Tracy Thompson owner of Tyee Development said construction costs, both labor and materials, are up 10 to 12 percent over last year.
Bank Foreclosures are almost none existent this year. One reason for the lack of foreclosures is that prices are starting to catch up with owners property who were previously underwater.
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