{"id":139897,"date":"2026-07-21T15:58:54","date_gmt":"2026-07-21T19:58:54","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/first-time-homebuyer-affordability-in-seattle-area-called-ridiculous-as-housing-costs-keep-rising-139897"},"modified":"2026-07-21T15:58:54","modified_gmt":"2026-07-21T19:58:54","slug":"first-time-homebuyer-affordability-in-seattle-area-called-ridiculous-as-housing-costs-keep-rising","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/first-time-homebuyer-affordability-in-seattle-area-called-ridiculous-as-housing-costs-keep-rising-139897","title":{"rendered":"First-time homebuyer affordability in Seattle area called ‘ridiculous’ as housing costs keep rising"},"content":{"rendered":"
\n

Buying a first home in the Seattle-Tacoma area<\/a> has become one of the toughest challenges in the country, according to a new study ranking the region among the nation’s worst places for first-time homebuyers because of soaring housing costs and limited affordability.<\/p>\n

A new study from WalletHub<\/a> ranked Seattle 204th and Tacoma 190th<\/a> out of 300 in a survey ranking American cities for first-time homebuyers.<\/p>\n

Jake Skorheim and Spike O\u2019Neill, co-hosts of “The Jake and Spike Show” on KIRO Newsradio, asked listeners<\/a> what they look for in buying a home, and the ensuing discussion centered around affordability.<\/p>\n

DEM WHO WELCOMED SOCIALIST MAYOR’S ‘CHANGE’ NOW SOUNDING ALARM OVER BILLIONAIRE EXODUS: ‘GRAVELY CONCERNED’<\/strong><\/a><\/p>\n

Chris, a military veteran in Marysville, texted a response to the KIRO Newsradio textline, sharing that he is looking to purchase a home, but the prices are “ridiculous” for a home that is essentially on top of another home next door.<\/p>\n

“We look for affordability first, and then space,” Chris said. “I don\u2019t like being surrounded on all four sides by other homes. Since I\u2019m ex-military, being close to a military facility is important to us as well, so we can use those benefits I\u2019ve earned from my retirement from the U.S. Navy. Homes are going<\/a> for $550,000-$600,000 for a standard three-bedroom, two-bath home. It\u2019s very difficult to find something affordable.”<\/p>\n

Jake addressed “shocking” housing market developments over time and how something he once considered affordable is no longer so.<\/p>\n

“I mean, it is shocking the amount of money that you see houses going for these days,” Jake said. “The costs, it\u2019s so strange when you live in a state for a long time. I was born and raised here, and if God wills, I will end up dying in Washington<\/a>. I love it here, but I remember when homes were, at least as a kid, affordable; they did not seem crazy.”<\/p>\n

“Absolutely, the threshold of entry is a barrier to entry, absolutely,” Spike replied.<\/p>\n

SEATTLE’S SOCIALIST MAYOR SLAMMED FOR DISMISSIVE WAVE TO TAX-WEARY RESIDENTS<\/strong><\/a><\/p>\n

Spike said he bought a home in the Seattle area for about $200,000 after arriving at a favorable time in the housing market and later sold it for a substantial profit when he relocated.<\/p>\n

“Now, Washington, they have just been chipping away at us,” Jake said. “Now it\u2019s very expensive. Housing is expensive<\/a>, and everything surrounding housing is expensive.”<\/p>\n

“It\u2019s interesting because our first home purchase in the city would have been in 1992. Prime Seattle time, it was the place to be,” Spike said. “It seems America had just discovered Seattle. For us, it was affordability and proximity to my job. We bought on Queen Anne Hill for, I don\u2019t even want to tell you what we paid. By the way, the same house, which has been updated, we did a lot of upgrades to the house, and we quadrupled our investment. Maybe 10 years after we bought it. It\u2019s not like they added another story. It\u2019s the same place. It\u2019s location and the view.”<\/p>\n

THE AMERICAN DREAM NOW COMES WITH A ZIP CODE: HERE’S WHERE STARTER HOMES ARE STILL WITHIN REACH<\/strong><\/a><\/p>\n

According to NPR<\/a> affiliate KUOW, in February 2024, the average price of a starter home in Seattle<\/a> was $535,000, with a monthly mortgage of $4,334.<\/p>\n

Fox News Digital reached out to Seattle Mayor Katie Wilson<\/a> for comment.<\/p>\n

Of the 50 worst cities for first-time homebuyers on the list, 36 of them were in California.<\/p>\n<\/div>\n

Source – https:\/\/www.foxnews.com\/media\/first-time-homebuyer-affordability-seattle-area-called-ridiculous-housing-costs-keep-rising <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Buying a first home in the Seattle-Tacoma area has become one of the toughest challenges in the country, according to a new study ranking the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[16563],"tags":[],"stock_ticker":[],"class_list":["post-139897","post","type-post","status-publish","format-standard","hentry","category-market-news","entry"],"acf":[],"yoast_head":"\nFirst-time homebuyer affordability in Seattle area called 'ridiculous' as housing costs keep rising - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/first-time-homebuyer-affordability-in-seattle-area-called-ridiculous-as-housing-costs-keep-rising-139897\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"First-time homebuyer affordability in Seattle area called 'ridiculous' as housing costs keep rising - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"Buying a first home in the Seattle-Tacoma area has become one of the toughest challenges in the country, according to a new study ranking the […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/first-time-homebuyer-affordability-in-seattle-area-called-ridiculous-as-housing-costs-keep-rising-139897\" \/>\n<meta property=\"og:site_name\" content=\"Wall Street PR\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WallStreetPR\/\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-21T19:58:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2021\/06\/businessman-showing-business-evolution1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"715\" \/>\n\t<meta property=\"og:image:height\" content=\"423\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/first-time-homebuyer-affordability-in-seattle-area-called-ridiculous-as-housing-costs-keep-rising-139897#article\",\"isPartOf\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/first-time-homebuyer-affordability-in-seattle-area-called-ridiculous-as-housing-costs-keep-rising-139897\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/6e00efa2abc413bdc0bca51a90c54d36\"},\"headline\":\"First-time homebuyer affordability in Seattle area called ‘ridiculous’ as housing costs keep rising\",\"datePublished\":\"2026-07-21T19:58:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/first-time-homebuyer-affordability-in-seattle-area-called-ridiculous-as-housing-costs-keep-rising-139897\"},\"wordCount\":598,\"publisher\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#organization\"},\"articleSection\":[\"Market News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/first-time-homebuyer-affordability-in-seattle-area-called-ridiculous-as-housing-costs-keep-rising-139897\",\"url\":\"https:\/\/cablemanpro.com\/wallstreetpr\/first-time-homebuyer-affordability-in-seattle-area-called-ridiculous-as-housing-costs-keep-rising-139897\",\"name\":\"First-time homebuyer affordability in Seattle area called 'ridiculous' as housing costs keep rising - Wall Street PR\",\"isPartOf\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#website\"},\"datePublished\":\"2026-07-21T19:58:54+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/first-time-homebuyer-affordability-in-seattle-area-called-ridiculous-as-housing-costs-keep-rising-139897#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cablemanpro.com\/wallstreetpr\/first-time-homebuyer-affordability-in-seattle-area-called-ridiculous-as-housing-costs-keep-rising-139897\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/first-time-homebuyer-affordability-in-seattle-area-called-ridiculous-as-housing-costs-keep-rising-139897#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cablemanpro.com\/wallstreetpr\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"First-time homebuyer affordability in Seattle area called ‘ridiculous’ as housing costs keep rising\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#website\",\"url\":\"https:\/\/cablemanpro.com\/wallstreetpr\/\",\"name\":\"Wall Street PR\",\"description\":\"Latest News From WallStreet\",\"publisher\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cablemanpro.com\/wallstreetpr\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#organization\",\"name\":\"Wall Street PR\",\"url\":\"https:\/\/cablemanpro.com\/wallstreetpr\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2019\/10\/brand-logo.png\",\"contentUrl\":\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2019\/10\/brand-logo.png\",\"width\":537,\"height\":70,\"caption\":\"Wall Street PR\"},\"image\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/WallStreetPR\/\",\"https:\/\/x.com\/WallstreetPRs\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/6e00efa2abc413bdc0bca51a90c54d36\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2022\/09\/360_F_336393115_5gCUfwn76x3MJaCJMYDKLoRebkC8QyrL-300x300.jpg\",\"url\":\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2022\/09\/360_F_336393115_5gCUfwn76x3MJaCJMYDKLoRebkC8QyrL-300x300.jpg\",\"contentUrl\":\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2022\/09\/360_F_336393115_5gCUfwn76x3MJaCJMYDKLoRebkC8QyrL-300x300.jpg\",\"caption\":\"admin\"},\"url\":\"https:\/\/cablemanpro.com\/wallstreetpr\/author\/admin\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"First-time homebuyer affordability in Seattle area called 'ridiculous' as housing costs keep rising - Wall Street PR","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cablemanpro.com\/wallstreetpr\/first-time-homebuyer-affordability-in-seattle-area-called-ridiculous-as-housing-costs-keep-rising-139897","og_locale":"en_US","og_type":"article","og_title":"First-time homebuyer affordability in Seattle area called 'ridiculous' as housing costs keep rising - Wall Street PR","og_description":"Buying a first home in the Seattle-Tacoma area has become one of the toughest challenges in the country, according to a new study ranking the […]","og_url":"https:\/\/cablemanpro.com\/wallstreetpr\/first-time-homebuyer-affordability-in-seattle-area-called-ridiculous-as-housing-costs-keep-rising-139897","og_site_name":"Wall Street PR","article_publisher":"https:\/\/www.facebook.com\/WallStreetPR\/","article_published_time":"2026-07-21T19:58:54+00:00","og_image":[{"width":715,"height":423,"url":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2021\/06\/businessman-showing-business-evolution1.jpg","type":"image\/jpeg"}],"author":"admin","twitter_misc":{"Written by":"admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/first-time-homebuyer-affordability-in-seattle-area-called-ridiculous-as-housing-costs-keep-rising-139897#article","isPartOf":{"@id":"https:\/\/cablemanpro.com\/wallstreetpr\/first-time-homebuyer-affordability-in-seattle-area-called-ridiculous-as-housing-costs-keep-rising-139897"},"author":{"name":"admin","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/6e00efa2abc413bdc0bca51a90c54d36"},"headline":"First-time homebuyer affordability in Seattle area called ‘ridiculous’ as housing costs keep rising","datePublished":"2026-07-21T19:58:54+00:00","mainEntityOfPage":{"@id":"https:\/\/cablemanpro.com\/wallstreetpr\/first-time-homebuyer-affordability-in-seattle-area-called-ridiculous-as-housing-costs-keep-rising-139897"},"wordCount":598,"publisher":{"@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#organization"},"articleSection":["Market News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/first-time-homebuyer-affordability-in-seattle-area-called-ridiculous-as-housing-costs-keep-rising-139897","url":"https:\/\/cablemanpro.com\/wallstreetpr\/first-time-homebuyer-affordability-in-seattle-area-called-ridiculous-as-housing-costs-keep-rising-139897","name":"First-time homebuyer affordability in Seattle area called 'ridiculous' as housing costs keep rising - Wall Street PR","isPartOf":{"@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#website"},"datePublished":"2026-07-21T19:58:54+00:00","breadcrumb":{"@id":"https:\/\/cablemanpro.com\/wallstreetpr\/first-time-homebuyer-affordability-in-seattle-area-called-ridiculous-as-housing-costs-keep-rising-139897#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cablemanpro.com\/wallstreetpr\/first-time-homebuyer-affordability-in-seattle-area-called-ridiculous-as-housing-costs-keep-rising-139897"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/first-time-homebuyer-affordability-in-seattle-area-called-ridiculous-as-housing-costs-keep-rising-139897#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cablemanpro.com\/wallstreetpr\/"},{"@type":"ListItem","position":2,"name":"First-time homebuyer affordability in Seattle area called ‘ridiculous’ as housing costs keep rising"}]},{"@type":"WebSite","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#website","url":"https:\/\/cablemanpro.com\/wallstreetpr\/","name":"Wall Street PR","description":"Latest News From WallStreet","publisher":{"@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cablemanpro.com\/wallstreetpr\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#organization","name":"Wall Street PR","url":"https:\/\/cablemanpro.com\/wallstreetpr\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/logo\/image\/","url":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2019\/10\/brand-logo.png","contentUrl":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2019\/10\/brand-logo.png","width":537,"height":70,"caption":"Wall Street PR"},"image":{"@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/WallStreetPR\/","https:\/\/x.com\/WallstreetPRs"]},{"@type":"Person","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/6e00efa2abc413bdc0bca51a90c54d36","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2022\/09\/360_F_336393115_5gCUfwn76x3MJaCJMYDKLoRebkC8QyrL-300x300.jpg","url":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2022\/09\/360_F_336393115_5gCUfwn76x3MJaCJMYDKLoRebkC8QyrL-300x300.jpg","contentUrl":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2022\/09\/360_F_336393115_5gCUfwn76x3MJaCJMYDKLoRebkC8QyrL-300x300.jpg","caption":"admin"},"url":"https:\/\/cablemanpro.com\/wallstreetpr\/author\/admin"}]}},"_links":{"self":[{"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/posts\/139897","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/comments?post=139897"}],"version-history":[{"count":0,"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/posts\/139897\/revisions"}],"wp:attachment":[{"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/media?parent=139897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/categories?post=139897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/tags?post=139897"},{"taxonomy":"stock_ticker","embeddable":true,"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/stock_ticker?post=139897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}