A new Chamber of Commerce survey revealed that 80% of Seattle voters believe we are headed toward a recession, aligning with a report from MarketWatch that listed Washington among 22 other states showing signs of a recession.
Meanwhile, median home prices across Seattle’s metro region have dropped approximately $630,000, down 3% from last month, according to Northwest Multiple Listing Service.
“This is really about confidence. Once our confidence starts to wane a little bit, we start seeing rising rents, and grocery bills start climbing,” KIRO host Gee Scott said on “ The Gee and Ursula Show ” on KIRO Newsradio. “When we start seeing all of these things keep up at a higher pace than our paychecks, that’s when the economy truly is heading towards a recession. When we believe that a rece