Seattle ranks among the 20 American cities with the best overall real estate prospects in 2023, according to the Emerging Trends in Real Estate report by PwC and Urban Land Institute.
The 44th edition of the in-depth forecast report examined 80 cities to determine trends in the real estate industry for 2023.
Seattle placed No. 17 on the overall best prospects list and was No. 14 on the report’s list of cities with the best homebuilding prospects.
“Although real estate capital markets are constricting, they are still open for business, investors are still buying high-quality properties, lenders will continue to lend, and companies should move forward with cautious optimism through this current cycle and prepare to adapt to quick market changes,” said Byron Carlock, U.S. real estate leader for PwC.
According to the report, the 20 cities with overall best real estate prospects in 2023 are:
- Dallas/Fort Worth
- Tampa/St. Petersburg
- San Diego
- San Antonio
- Northern New Jersey
- Washington, D.C./Northern Virginia
- Salt Lake City
- Los Angeles