Home prices and job openings

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%+).

Seattle home prices continue their climb

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”.

The high tech elephant in the room