As Seattle continues to experience unprecedented economic and population growth, the question on many minds is can the city maintain its hot streak? According to Forbes, it can and will, as they report they're "betting on Seattle to maintain growth for the foreseeable future." The reasons include investment and development, high demand, a strong economy, and more.
Read MoreIn a speech given at the Sheraton Hotel in Seattle recently, John Schoettler, the real estate chief at Amazon, offered some logistical insight regarding the company's selection process for their second headquarter location, this just days after the tech giant narrowed their list of candidates to 20 cities primarily in the U.S.
Read MoreOn January 22nd, the Amazon Go grocery store opened in downtown Seattle, as a crowd of people lined up to be among the first to experience the new retail store. As GeekWire reports, Amazon Go "redefines the concept of 'grab and go' - letting customers take items off the shelf and walk out without going through a traditional checkout line or register."
Read MoreAccording to a report released earlier this month by Zillow, the hottest housing markets for the coming year will be comprised of southeastern cities with strong job and population growth, and coastal tech hubs including Seattle and San Francisco. Though the nation continues to experience home value appreciation, with just over half of homes valued above the national housing boom's peak, Zillow says these markets have been "kept at a boil by healthy income growth, abundant job opportunities, and above-average housing appreciation."
Read MoreThe Amazon Spheres are set to officially open to employees on January 30th, the culmination of a project five years in the making. As GeekWire reports, "the three glass orbs and the busy work around them have proven to be an intriguing element tied to Amazon's rapid growth in the city."
Read MoreSeattle continued its reign as the hottest market into the fourth quarter of 2017, as the latest market statistics indicate that home prices increased a staggering 16.7% year-over-year to $882,000. This comes as the latest S&P/Case-Shiller Home Price Index reveals the Emerald City's home price growth has led the nation for 14 consecutive months.
Read MoreAs a recent GeekWire feature proclaims, “here’s the 4-minute video you’ve been waiting for to illustrate why a 4-mile drive in Seattle takes 45 minutes.” The film in question? A time lapse recently created by Ricardo Martin Buralla, a VR/AR engineer with Google, who assembled 3 years’ worth of images taken by a webcam that was affixed to the top of the Space Needle. In all, the video is comprised of 2,166 panoramas (about 2 photos per day) that Buralla stabilized using code to create a cohesive piece.
Read MoreNow that the Senate and House of Representatives have come to an agreement on tax reform, it’s time to look at how the bill will impact the nation, particularly for homeowners. As IPX 1031 writes, “the broad-based incentives for capital formation and investment should lift demand throughout the economy and allow real estate to continue its role as a principal driver of economic growth and job creation.”
Read MoreHGTV has released the details of their 2018 “Dream Home” Giveaway, and as King 5 reports, it’s the first year a Washington state residence has been selected in the 22-year history of the contest. The home is situated in Gig Harbor, and offers 4 bedrooms and 3.5 baths overlooking the picturesque Henderson Bay. King 5 writes that its interior features include “a cocktail lounge with a built-in bar and a spacious master bedroom with a walk-in closet” while the outside boasts “a covered pergola, upper deck and lower patio dining areas, a built-in grill and a backyard fire pit.”
Read MoreA recent feature on King 5 News declares that Seattle is officially in a “condo conundrum” as the city continues to face historically low inventory amidst ever-increasing demand due to Seattle’s strong economy and job growth. Despite the fact that the city is incubating many would-be buyers within rental units, developers are overwhelmingly choosing to supply apartments for rent, in large part due to Washington state’s stringent condo policy.
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