Trulia released their annual report of the hottest housing markets to watch for in the coming year, and we have to say that we are not surprised to see that Seattle picked up the number ten spot on their list. Erin Renzas explained that this year, Trulia’s Chief Economist Jed Kolko determined which markets made the cut using “fundamentals such as job growth, rising incomes, and more household formation.” Thus, Renzas says his ten selections, “have strong fundamentals for housing activity,” which “include job growth, which fuels housing demand, and a low vacancy rate, which spurs construction.” She added that they “gave a few extra points to markets with a higher share of millennials.”
10. Seattle, WA
Companies like Starbucks, Microsoft, Amazon, and UPS have provided steady job growth for the area, but, hey, Seattleites know how to rock, too — as the home of grunge, which is still popular in the music scene there.”
We cannot wait to see what 2015 brings as Seattle received a lot of attention this past year as Forbes Recognized it as Just About the Coolest City in the US, CNN Noted it’s Millennial Appeal, CNN Money Called it a Hot Market for Chinese Buyers, and KOMO TV Reported on the Downtown Building Boom.