Seattle was named as Kiplingers #2 City in its Best Cities For the Next Decade story, out this week. After the recent study by Policom Corp, an independent economic research firm, rating Seattle's economy #1 out of 266 U.S. metropolitan areas, the good news seems to be flowing our way.
The big question is how well the real estate market will recover, even with all of the positive reports. While there are surely quite a few bumps left to ride out in this economy, it looks like Seattle should be one of the first markets ride strong out of this storm, whenever it ends. Prices have flattened out, and total sales are up significantly over last year, even up 50%-60% in some markets. More good publicity for our city can't hurt.
From the Kiplinger article:
â€œRain City? Weâ€™d say Brain City. Home to a well-educated workforce, a world-class research university, Ã¼ber innovators Microsoft, Amazon and Boeing, and a host of risk-taking, garage-tinkering entrepreneurs, Seattle crackles with creative energy. â€œWe only have two products here: smart people and great ideas,â€ says Mark Emmert, president of the University of Washington.â€
Sam DeBord is a Realtor and real estate broker with SeattleHome.com, a division of Washington State Realty, LLC. He is a member of the Seattle-King County Association of Realtors and a Green-Certified Pro.