According to a recent Seattle Times article, Amazon has introduced two new home furnishing brands, “the latest extension of the company’s growing private label section.” The private labels are called Rivet and Stone & Beam and will be sold exclusively on the Amazon.com platform. Since establishing the AmazonBasics brand in 2009, which includes everyday household items such as “batteries, headphones and iPhone chargers,” the retail giant has continued to move into contract-manufactured items, which are products made solely for one company’s use and “carry a lower price than name-brand items.”
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A recent article in Multi-Housing News reveals Seattle has been deemed the best residential market in the US. The website ranked large cities based on their potential for “long-term growth, equity and profit for investors.”
A total of 300 cities, with a population of 300,000 or more, were assessed on the health and affordability of the real estate market as well as the economic environment. The cities were ranked one additional metrics “included home-price appreciation, average number of days till a house is sold, share of underwater houses, foreclosure rate and the city’s ratio of rent price to sale price. Broader economic metrics included population growth, job growth, unemployment and underemployment rates, and median credit scores” and given a score out of 100 points.
Additionally, smaller cities of 150,000 people or less were also assessed. Coming in as one of the top 10 best cities for the residential market was Bellevue, WA. While both cities ranked high in the residential market, MHN points out “a top ranking doesn’t mean a place is especially inexpensive.”
These results should come as no surprise to Washingtonians have seen the Seattle economy boom over the past few years thanks to tech giants like Microsoft and Amazon. Additional statistics from The Seattle Times reveal the high demand for housing in Settle. According to the article, “Seattle-area prices rose 2.6 percent — also by far the fastest growth in the country and more than three times the national average.” If you are ready to find your home in Seattle, Bellevue, or surrounding areas, contact us today!
In early June, designers, artists and enthusiasts ascended upon Copenhagen for the annual Design Fest, where they “presented their newest ideas and products, and shared their thoughts on the future of Danish Design.” Kasper Iverson of Houzz highlighted a list of his favorite trends following the event, from color to furnishings and finishes that are “certain to find their way outside Scandinavia.”
On May 19th, Mansion Global readers opened the paper to uncover the “Secret of the San Juans” in an article heralding the awe-inspiring archipelago as a retreat as recent analyses have named it “the hottest luxury real-estate market in the country.” According to Nancy Keates, the growth in the area is both a product of its serene surroundings as an escape from the hustle and bustle of city life and “by an influx of high-tech companies to Seattle, where soaring home prices make the San Juans look like a bargain.”
It’s no secret that over the past several years Seattle has been a haven for relocating families, foreign investors, and transferring tech workers. That’s why it also came as no surprise to us that home values have been steadily increasing; and that the Seattle real estate market continues to be ranked one of the hottest in the nation. A recent article in the Seattle Times stated that 40% of all homes for sale in Seattle were listed at $1 million (in March). That’s months before the home-buying season even truly begins!