Just a few months ago it would’ve been hard to believe, but according to Puget Sound Business Journal, a recent Zillow report names the Seattle metro region “the third best large market in the country in which to buy a house this winter.”
A flurry of news articles have come in the wake of the news that Amazon has officially selected two new HQ cities: one in Long Island City, New York, the other in Crystal City, Virginia. The question on many minds, is how the move will impact the new chosen cities and the company’s relationship to Seattle.
The World Economic Forum recently released the annual Global Competitiveness Report, naming the United States the number one most competitive economy in the world for the first time since the early 2000s. According to the report, the nature of economic competitiveness is shifting, as economies are “increasingly transformed by new, digital technologies,” which are “creating a new set of challenges for governments and businesses.” The United States is followed by Singapore, Germany, Switzerland and Japan.
A recent report released by the National Association of Realtors® reveals a decline in the number of home sales across the nation in September 2018, following a “month of stagnation in August.” The number of sales, which are composed of closed transactions of single-family, townhomes, condominiums and co-ops, were down 4.1 percent from September 2017.
I am pleased to present a look at housing market trends for the third quarter of 2018, from the shores of Bainbridge Island’s waterfront homes and in-city living opportunities to the Eastside’s most distinguished residences.