Tag Archives: Seattle

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The 10 Best Markets for Millennials

Home

The road to home ownership has been a struggle for many young adults, mostly due to financial obstacles. However, some millennials may find more luck in less expensive metro areas that also have steady job growth and lower qualifying incomes necessary to purchase a home.

NAR recently analyzed employment gains, population trends, income levels, and housing conditions among the 100 largest metro areas to pinpoint the best purchase markets for millennial home buyers.

Read the article and see where Seattle lands on the list…

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Cities to Watch: 2016’s Fastest-Growing Places

United States

The South and West score big in a new Forbes list of the fastest-growing cities. Factors in the Forbes analysis include population, economic and job growth, and median pay for college-educated workers. Find out where Seattle lands and who rocks the top 10!

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The 25 strongest and weakest housing markets for 2016

United States

With the new year, it’s still not too late to identify where the strongest and weakest U.S. housing markets will be in 2016.

A new report from Veros Real Estate Solutions, a provider of enterprise risk management, collateral valuation services and predictive analytics, shows the vitality and expected market changes of the U.S. residential market for 2016.

The recently released VeroFORECAST quarterly national real estate market forecast for the 12-month period ending Dec. 1, 2016 shows where housing will be hot in 2016 and where it will be not so hot.

In all the top forecast markets, Veros’ report shows an appreciation in the 10% range, especially in the Pacific Northwest, such as California, Washington and Oregon. Popular housing markets in Texas like Dallas and Austin also made the list.

Read the full story…

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Seattle home price increase ties for No. 1 in U.S.

For Sale and Sold

Seattle is tied for having the nation’s fastest-rising home prices, according to the latest data from S&P/Case-Shiller.

The Seattle area tied with San Francisco and Tampa, Florida for posting biggest increase between September and October, at 1.3 percent, according to the data released Tuesday.

The index measures the nation’s top 20 metros. Year-over-year, Seattle home prices were 8.8 percent higher in October than in October 2014. That put Seattle fifth, behind only San Francisco, Portland and Denver (all 10.9 percent) and Dallas (9.3 percent).

Read the article…

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Seattle’s commercial real estate market is hotter than San Francisco and New York

Seattle

Seattle’s commercial real estate market just keeps getting hotter. It is now the fourth-strongest overall real estate market in the nation, and it’s the third best place to invest.

That’s how the Puget Sound region ranked in the newly released 2016 Emerging Trends report published by nonprofit research group the Urban Land Instituteand global accounting firm PwC.

Read the article…

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The 20 Most Active Housing Markets

United States

Home buyers are turning out in markets across the country for the spring selling season, and some markets are seeing more action than others.

Homes are selling faster too. The median number of days on the market fell to 89 in March – 13 percent lower than a year ago.

Read about the 20 markets that had homes selling at some of the fastest speeds, and see where Seattle is on the list…

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In Seattle, Zillow says more than 16% of homeowners still underwater on mortgage

Neighborhood

In the Seattle metro area, more than 16 percent of all homeowners — or 106,900 — remain underwater on their mortgages and owe more money than their house is worth.

That’s according to Seattle online real estate company Zillow Inc., which said that’s down from an underwater equity rate of 21.9 percent a year ago and down from the peak of 39.6 percent in the first quarter of 2012.

For 2015, Zillow estimates the negative equity rate in Seattle will drop to 13.3 percent, compared with the predicted national average next year of 15.2 percent.

Read more…

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10 Housing Markets to Watch in 2015

US

Is your local housing market one to watch in 2015? Trulia’s Chief Economist shares his picks for the hottest, must-watch markets for the new year.

See if your area made the list and find out what you can expect next year!

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Seattle a Top City for Young Entrepreneurs

Seattle

Seattle is the country’s sixth best city for young entrepreneurs, according to a recent NerdWallet study.

Arlington, Virginia, topped the list, with researchers citing its high percentage of educated young people, the highest per capita income in the nation and access to businesses in the Washington, D.C., area as factors in its No. 1 ranking.

NerdWallet based its rankings on access to funds, networking and mentorship, local economy and affordability, using seven criteria: commercial and industrial loans, number of businesses per 100 people, percent of population ages 25-34, percent of population 25+ with a bachelor’s degree or higher, per capita income, Sept. 2014 unemployment rate, and cost of living index.

Seattle’s score of 58.99 was just under Denver at 59.97.  Rounding out the top six list were Madison, Wisconsin (#2); Lincoln, Nebraska (#3) and Minneapolis (#4).

NerdWallet is a personal finance website that strives to “help consumers make smart financial decisions by putting knowledge in their wallets.” It uses data-driven tools to crunch numbers and gather information to assist decision-making around finance, investing, education, shopping and health.

Based in San Francisco, the bootstrapped startup has more than 100 employees and anticipates doubling its size in the coming year.

Source: NWREporter December 2014

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Happy Thanksgiving!

Happy Thanksgiving

Here’s a list of local events in Seattle
and the Puget Sound region November 27-30.