Tech Boom in Seattle Brings Housing Challenges
Written by phillips|March 10, 2016|property management
The Seattle housing market has been growing and expanding for a number of years now, neighborhoods are filling up with condominium building projects and houses for sale get snatched up as soon as they go on the market. Great news for condo developers and those selling their homes, but for people looking for housing are being challenged. This article from GeekWire explains the situation perfectly.
The tech boom in Seattle and surrounding areas bring in thousands of workers that want to live and work in the city, neighborhoods like Ballard have drastically changed in the last 10 years because of the increase employment at companies like Amazon, Microsoft, Zillow and F5. With the new campus of Expedia
being built and the entire waterfront area near the Interbay expanding, this housing issue is not going to stop anytime soon. This is all great news for employment and growth in our city, but it does bring a lot of challenges for those that are looking for affordable housing.