Year In Review: Seattle | MI | Eastside

While 2018 should be another good year for real estate, it might not see the hefty appreciation gains of 2017. Expect to see some slowing and a build-up of inventory in the luxury sector while the tight supply of entry-level homes steals the attention (and dollars) of would-be buyers. Other big winners will be highly coveted one-level homes that allow boomers to age in place, and communities with high walkability or those adjacent to highly-reliable rapid transit.
Seattle’s higher cost of living (and traffic) may push telecommuters and retirees alike further from the Seattle-Bellevue metro region as they cash-in their blooming equity for a lower-cost lifestyle in the burbs and beyond—leaving the costlier in-city abodes to high-income earners who want the hip urban life despite the cost.

Seattle Report

Seattle area real estate paid off big yet again in 2017 with a 14.1% median price increase to $708,000.  In fact, over the past five years, prices are up 58.7%.  A Seattle house that was $446,000 in 2013 would sell for a whopping $708,000 today, or $262,000 more.

Grappling with gridlock and buyer push-back over steeply escalating prices, Seattle saw the strongest price growth in neighborhoods further from the downtown core—namely South Seattle, Shoreline, and West Seattle. These more affordable regions offered home buyers more for their money… although the quaint, inviting homes with signature “Seattle Charm” are pretty hard to pass up.

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A Seattleites Guide to India

The chasm between Seattle and India is growing smaller by the day. New Delhi is one of the farthest cities to travel from Seattle, yet despite this great distance, more people from India are making the US home.

In 2016, India and China totaled 82% of the United States’ H-1B visas; India held 126,692 of those visas compared to China’s 21,657. The majority of the visas went to employees in STEM fields. With Seattle being a hotbed for STEM employers, the stories of Seattle and India are now inextricably linked.

Recently given the chance to travel to India, I jumped at the opportunity. Romance and allure are a few words that first came to my mind when thinking about India, but nothing I had read or heard about really prepared me for what India would be like in the flesh.

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