Category: Bay Area (2)

The Tech Boom’s impact on the economy and housing market in the Seattle area is receiving increasing recognition, as national news outlets are now weighing in on what the Emerald City’s future may hold. Most recently, Nick Wingfield of The New York Times reported that “Seattle, in Midst of Tech Boom, Tries to Keep Its Soul,” saying that Seattle leaders are no longer looking at San Francisco as a model to live up to, but as a “cautionary tale” to avoid.

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According to recent Census data, California sends more new residents to King County than any other state in the US, as noted in a recent Seattle Times article. The trend makes a lot of sense considering that the two states share a time zone, a love for the ocean and a propensity for employing high-tech workers, as recently highlighted by The Wall Street Journal and the Puget Sound Business Journal,which described that the average home costs nearly $600,000 less in Seattle compared to Silicon Valley. A delegation of RSIR brokers and owners recently visited the Bay Area to explore these trends firsthand.

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