Photo: Joe Wolf
We're #2! at least as far as hot housing markets go. That's good news for sellers, more work for buyers, and the eternal dilemma for people selling one to buy another. Zillow released its predictions for housing markets in 2016 and cities heavy in tech hit the top of the list. The trick for sustainability, though, is to maintain income growth and low unemployment that keeps people in the market. If prices leave people behind, the market will naturally slow. Within the Seattle area, some neighborhoods are hotter than others; particularly, Northwest Bellevue, the U District, Holly Park, Olympic Manor, Fremont, South Delridge, and Bryant. Ironically, the tech heavy neighborhoods like Redmond and South Lake Union weren't on the list.
· Zillow's hottest housing markets for 2016 [GW]
· King County Single-Family Housing Inventory Hits All-Time Low [CS]