In 2023, real estate experts predict that the increased demand, combined with Seattle's continued desirability as a place to live, will push the regional market rapidly into supply-and-demand imbalance with more and more renters looking for housing. To alleviate this challenge, policymakers must take proactive steps to ensure that the city's existing stock of affordable housing is supported and replenished. Without decisive action to address existing housing shortages, there is risk of stunting economic prosperity as well as damaging socioeconomic equity in the region.