A recent report shows Seattle home prices skyrocketing nearly 100% over the past six years when the post-recession housing market hit rock bottom.
Of the largest 20 cities in the United States, this was the steepest incline in housing costs, and it represents a huge opportunity for anyone attached to the real estate market, from brokers and owners to Print shops and landscapers.
According to experts, this current Seattle market is now the hottest in the country, officially surpassing the previous frontrunner, Las Vegas, and leaving major markets like San Diego, New York, and Los Angeles in the dust. One of the largest factors for this price increase is the inability of new construction to keep up with demand. Indeed, Seattle remains one of the fast-growing economic areas in the country, and as the massive influx of new residents has kept area home builders struggling to keep up.
Aside from those who actually have to purchase the homes at these costs, no one in the area is complaining, least of all those who benefit from having so many houses on the market. Local Print shops, for example, are likely to have seen increased orders for poster printing and brochure printing, while landscapers and movers have seen a huge uptick in business as well.
While some remain skeptical about the market retaining this momentum, most are just happy to ride the economic wave.
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