local real estate news, statistics, and commentary without the sales spin.
I did some speculative analysis for Redfin on the impact that Amazon HQ2 will have on the Seattle real estate market: Amazon HQ2 Could Quickly Turn Seattle Into a Buyer’s Market
For the article I spoke with a Redfin Seattle agent who has had some interesting conversations already with buyers…
Everybody is talking about it, and it’s definitely going to have some kind of effect on the local economy in Seattle, so even though it’s a bit late, let’s talk about Amazon’s HQ2.
Unless you’ve been living under a rock, you’ve no doubt seen the news that Amazon is seeking to build a second headquarters somewhere “in North America” that “will be a full equal to our current campus in Seattle.” GeekWire has been covering the story extensively (including a data-based city analysis by yours truly), so if you need to catch up on the facts, head over there. For the discussion here, let’s focus on the possible impact this development will have on the Seattle-area real estate market.
This poll was active 10.12.2014 through 10.18.2014
There’s a great in-depth article on local rent increases in today’s Seattle Times: Soaring rents force lifestyle changes For renters and homeowners, market forces are permanently altering the familiar face of many neighborhoods. While wealthy newcomers are helping to revitalize neighborhood business districts, the reality is that many renters, saddled by stagnant wages, are being…
Quick note on the potential impact of a long-term departure of Boeing from the Puget Sound. The Seattle-area economy is definitely more diverse than it was in the ’70s, but Boeing still dominates the employment base by the numbers. A 2003 table from the Greater Seattle Chamber of Commerce shows Boeing employing more people than…