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Seattle-Area Rents Drop to a Level That's Still Far from Affordable for Most

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by Charles Mudede"When rents dip, I dip, you dip, we dip." gollykim/gettyimages.com
According to Mike Rosenberg, the Seattle Times business reporter, rents in King and Snohomish counties are finally falling "significantly" for the first time in a decade. By significant, he means a 2.9 percent drop "as compared to the prior quarter." Rosenberg suggests that the market is removing some power from landlords and transferring it to renters because the number of empty apartments is growing. All of thi

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