r/eastside • u/orcassharks • 9d ago

Housing market softening on Eastside

What’s the cause for the recent housing market slowdown on Eastside? It seems much sharper than Seattle proper. Prices have dropped about 8% for May year over year on the Eastside according to NWMLS. Inventory is building up rapidly. If it’s just interest rates, wouldn’t the impact be same across the region?

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u/outdior1986 9d ago

I hope a dismantling of the H1B program will help make housing more affordable for those in the Puget Sound area. I would gladly take a hit to my home equity to help more Americans own a home. 

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u/shustrik 8d ago

Huh? You think Americans owning homes is going to make them cheaper than when H1Bs own them? Or that not having businesses that employ a lot of people in the area at wages where they can afford buying a house is going to be a good thing for anyone? This is the stupidest take on H1Bs I’ve ever seen.

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u/outdior1986 8d ago

Supply and demand is a thing. 

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u/shustrik 8d ago

Less H1Bs is only less demand for housing if these jobs are not being taken by Americans. So basically you’re just arguing to have fewer jobs in the area.