Housing Bubble?

Not so fast. Four reasons why Seattle is not in a bubble.

Reason 3

 Many in Seattle are nervous that the housing market we’re experiencing is a sign of another bubble about to burst. However, as Windermere’s Chief Economist Matthew Gardner has pointed out, there is little evidence that this is the case. Below are four points you may want to consider when determining if the home values we see are built out of brick or built out of straw.

Many in Seattle are nervous that the housing market we’re experiencing is a sign of another bubble about to burst. However, as Windermere’s Chief Economist Matthew Gardner has pointed out, there is little evidence that this is the case. Below are four points you may want to consider when determining if the home values we see are built out of brick or built out of straw.

 

Demand Continues To Grow

Our economic boom in the North West is attracting companies, investors and people in droves. The fact that Seattle leads all American cities in the number of cranes for the second year in a row is evidence of this. Job growth shows no signs of slowing down. We’re seeing the East Coast taking notice and investing  heavily in the North West. Those from San Francisco can move here expecting to make roughly the same salary and buy a comparable home for half the price. We have limited space and underwhelming transportation options.  Don’t let Amazon HQ2 fool you into thinking demand on our market will be eased. Our economy is diverse and robust, from the tech to manufacturing. While foreign investment in the area is a contributing factor it should not overshadow the largely economic foundation of the increase we’re seeing in demand.