Should I Buy A House | In Seattle 2017

: Massive growth from Amazon, Microsoft, and Starbucks fueled the market. Seattle's unemployment rate hovered around 3%, well below the national average.

: Amazon's headquarters alone was a primary driver for housing demand. By late 2017, there were signs of a slight hiring slowdown, leading some to predict a cooling of the "double-digit" appreciation rates in the following years. should i buy a house in seattle 2017

: Seattle led the country in home price increases for over a year. By August 2017, home values had risen 13.2% year-over-year—more than double the national average of 6.1%. : Massive growth from Amazon, Microsoft, and Starbucks

While Seattle proper was the most expensive, nearby areas offered slightly more "affordable" options in 2017: : Typical home cost around $378,000 . Wenatchee : Typical home cost around $266,000 . Yakima : Typical home cost around $202,000 . Hottest housing market of 2017: Seattle By late 2017, there were signs of a

: Supply was extremely tight, with only about 15 days of inventory available in the mid-price range ($500k–$600k). This lack of options created "seller gridlock," where homeowners were afraid to sell because they couldn't find a new place to buy.