FutureCast Forum Members Array Top Ten Reasons Why Seattle is So Popular
Ni Hao, Seattle! We’re number one in the eyes of mainland Chinese homebuyers exploring overseas investment in real estate. That’s according to Juwai.com, a popular home search site within China, and this finding is tracking with other data points according to local brokers that specialize in international homebuyers.
Three panels lead engaging conversation around Seattle’s multifamily industry and its future
As our city skyline is scattered with cranes, BISNOW hosted nearly 200 registered members to discuss Seattle’s multifamily climate; specifically, its affordability, sustainability, and community design. Held at the Westin Seattle, three panels spanned a variety of topics, all relevant as the city experiences unprecedented population growth, construction costs, and housing demand.
Seattle has made seemingly endless headlines in recent months for its impressive housing market, and it seems no end is in sight as Seattle Times reports that the Emerald City has now maintained its position as the hottest market in the nation for 12 consecutive months. On top of boasting the largest home price gains of any other city, the Puget Sound also made headlines for 2018, as the annual “Emerging Trends in Real Estate” study ranked the city number one on its list, up from a fourth position in 2017.
William Hillis, Broker & Research Editor at Realogics Sotheby’s International Realty breaks down what this means for the future of Seattle and its surroundings.
Perhaps it’s living together in a place of such abundant beauty and economic opportunity that brings out so many competing ideas about what our city and the region should look like, how people should live and commute, and what powers government should exert. Together with ever-greater diversity, attitudes on these matters in Seattle and the Puget Sound are increasingly in conflict.
Market Experts and Brokers Discuss Urbanization Trends and the Condominium Conundrum
Things are looking up, Seattle! That’s the clear consensus of market pundits tracking the extraordinary growth of jobs, population and development into 2020 and beyond. Nowhere is this growth more evident than in downtown Seattle. These were just a few of many findings during the October 23rd meeting of the FutureCast Forum held at the NEXUS Sales Center – a new, 41-story condominium tower that is rising in the northeast corner of city. Members of the FutureCast Forum include industry leaders in design and development, real estate appraisals and economics, wealth management and investment, mortgage lending, retail and lifestyle trends. Each contributor offers a unique perspective on how our city is growing into the next decade and rapid urbanization is the common thread.
A recent Zillow study reveals that millennials are indeed looking to purchase homes.
The Seattle market has made countless headlines recently for seemingly endless home price growth, and in expensive markets such as ours, there’s often a misconception that millennials are giving up on homeownership altogether. In a recent feature covering the 2017 Zillow Group Report on Consumer Housing Trends, Puget Sound Business Journal (PSBJ) debunks the millennial myth, as the survey, which polled a representative group of over 13,000, reveals that “42 percent of all buyers are looking to purchase their first home.”
Over 50 Realogics Sotheby’s International Realty (RSIR) brokers and clients gathered on Monday afternoon for a FutureCast Forum VIP Broker Recap Event, which was held at the NEXUS Sales Center by invitation-only.
As part of their revolving monthly forum, founding members Brian O’Connor (O’Connor Consulting Group), Brian Evans (Madrona Financial Services), and Dean Jones (RSIR) kicked off their inaugural broker panel discussion with a focus on the downtown Seattle housing market, with an emphasis on the effects of job growth, empty nesters downsizing, and the additional draws of downtown living. The conversation was particularly relevant, as the event was hosted in the Sales Center for NEXUS, the only condominium project expected to deliver with occupancy in 2019.
Market Experts Opine About the Region’s Meteoric Future as a Global City on the Rise
Scores of guests assembled at MG2 Architecture in downtown Seattle during an evening reception on September 28th about the future of the Seattle and Bellevue metro area in the next decade. The town hall-like event was a continuation of provocative conversations started during the BISNOW “State of the Market” event hosted earlier in the week, which was attended by more than 400 industry stakeholders and local media.