Browsing Tag

puget sound business journal

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FutureCast Forum, News Article

Following Record Gains for the Past 12 Months, Seattle is Poised to Continue Its Reign as the Hottest Housing Market in the U.S. in 2018

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.

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Early morning kayakers glide on Lake Sammamish.
Extraordinary Living, Featured Property, News Article

Sammamish is Now the Third Wealthiest Zip Code in Washington State

In partnership with Esri, Puget Sound Business Journal ranked the wealthiest zip codes in Washington state, and found that Sammamish is now third, behind only Medina and Mercer Island at first and second, respectively. The report, which evaluated factors such as average net worth, median home prices and income, reveals that “the average net worth for Sammamish residents in 98074 increased by $60,000, reaching $1.67 million in 2016 from $1.61 million the year before.”

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FutureCast Forum, News Article

Are Millennials Really Giving Up on Homeownership?

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.”

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