Seattle market softening? Indicators are almost all there....

[Jack B.]

Rents went down this year. Vacancy is up. New supply is coming on the market and there is less competition. Interest rates have risen slowly but surely.

Most of the indicators of at least a small correction are there. I don't see the indicator of a big correction yet, but the data I've read recently shows the above indicators, which are all signs of a correction looming, even if it is small.

Thoughts?