Every real estate market update repeats the same four inputs: rates, jobs, inflation, demographics. That's not wrong, it's just incomplete. The interesting part isn't that these forces exist — it's how unevenly they're hitting different markets right now, Seattle included. Rates Still Run the Show, But Not the Way People Assume Near-zero rates in 2020 did exactly what you'd expect: monthly payments dropped, buyers piled in, and prices ran ahead of incomes almost everywhere. T
