the rennie landscape | Seattle | Spring 2025

We are pleased to present our Spring 2025 edition of the Seattle rennie landscape. 

Just as it seemed we were beginning to emerge from a difficult period of economic anxiety, new tariff-induced uncertainties have appeared on the horizon. But there is plenty to be optimistic about, and these bright spots are worth holding on to. The labor market continues to show resilience, and a closer examination of our debt levels reveals welcome breathing room. Washington State is also bolstered by a dynamic local job market, and a growing population that continues to drive our region's economy forward.

The coming months are likely going to bring considerable noise: conflicting signals about the direction of trade tensions, inflation that may tick upward again in the near-run, and financial market volatility. Our inaugural edition of the Seattle lanthrough the tumult.

⁠Explore the digital edition of the rennie landscape for seamless access to expert insights and real estate perspectives. This enhanced platform offers a more intuitive and engaging experience, featuring videos and interactive graphics that distill key insights to help you stay ahead.

Twice a year, rennie intelligence produces the rennie landscape, which tracks a variety of demographic and economic indicators that directly and indirectly influence the housing markets of Metro Vancouver, Greater Victoria, and the Central Okanagan. Our goal is to provide our community with a basis for evaluating the trajectory of the factors that collectively define the context of the real estate market.

Our rennie intelligence division comprises our head economist, market analysts, and data scientists. Together, they empower individuals, organizations, and institutions with data-driven market insight and analysis. Experts in real estate dynamics, urban land economics, the macroeconomy, shifting demographics, and data science, their industry-leading data acquisition, analytical systems, and strategic research supports a comprehensive advisory service and forms the basis of frequent reports and public presentations, covering the Vancouver, Kelowna, Victoria, Seattle, and Coachella Valley marketplaces. Their thoughtful and objective approach embodies the core values of rennie.