Home prices and job openingsWednesday, July 26th, 2017
Home prices and employment strength go hand in hand.
Today’s Seattle Times had articles about the strength of both. Our year over year home prices increased faster than any other MSA in the country last year (13%+).
Sustained, strong job growth, one of the largest drivers of home price escalation, was also highlighted in another article showing Seattle with the highest percentage of open high tech positions in the country (more than even Silicon Valley). As they say, “Amazon is the elephant in the room”.