Seattle No. 1 for techies looking to flee California

The Seattle Times published today that Seattle is the number one spot for Silicon Valley refugees looking to flee the brutal housing market of the Bay Area.
This is nothing new, as we real estate agents have been witnessing this trend for quite some time now.
According to this article, the median home price in the San Francisco / San Jose market is over $1M, about 86% more than in Seattle. But the average software developer in Silicon Valley only makes about 12% more income than in Seattle. This is a big part of the reason why I don't think prices in our Seattle housing market are going to be coming down anytime soon! With our fantastic climate, jobs/economy, geographic limitations, traffic and recent growth, I'm afraid the rapidly rising home prices in close-in Seattle are here to stay for a while.

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In Seattle, the rent is too damn high

From Grist, June 3, 2015 written by Katie Herzog

"Seattle is booming. The out-of-the-way Northwest city that used to be thought of — when it was thought of at all — primarily as the home of grunge music and drizzle is now among the fastest growing major cities in America. The population is skyrocketing, the unemployment rate is low, and gleaming, luxury apartments are going up seemingly overnight (a recent count showed 75 cranes rising over downtown). From the outside, life is good in this once-sleepy town, especially compared to cities still recovering from the Great Recession. But reality is more complicated, and nowhere is this more apparent than in Seattle’s housing market."
Read more on Grist.

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Amazon Expanding Again?

From the Seattle Times today, it looks like Amazon may be growing larger at its South Lake Union location as they've got their eye on 3 more blocks in the Denny Triangle.  Read more at the Seattle Times online:  http://seattletimes.com/html/businesstechnology/2019683874_amazonoptionsxml.html

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