5 Challenging Markets for Millennials

Across the country, buyers are competing in what has been called the “harshest market yet“—but for millennials, the competition is fiercest in higher-income metros, according to an analysis by realtor.com®: San Jose, Calif. List Price (Median): $1,244,000 Millennial Income: $109,800 Millennial Population: 14.3 percent Seattle, Wash. List Price (Median): $553,000 Millennial Income: $78,300 Millennial Population: […]

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Commentary: Let the Prime-Time Housing Market Begin

In this commentary, J. Lennox Scott, chairman and CEO of John L. Scott Real Estate, discusses the housing market nationally and in Puget Sound/Seattle, Wash. The arrival of Daylight Savings triggers a burst in new listings, and more listings lead to more sales. In real estate, it’s all about the new listing. The winter market […]

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Amazon Closes In: What HQ2 Means for Housing in the Top 20

Amazon is a step closer to finalizing its HQ2 plans, having narrowed its sights on the top 20 contenders after receiving over 230 proposals from across North America. While the winning city could be any one of the short-list nominees, Amazon has made one thing clear: It is looking to build HQ2 away from the […]

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The Hottest Housing Markets This Year

Accelerating home prices. Expanding income and jobs. New residents. In 2018, the hottest housing markets will boast a combination of these factors, according to Zillow, which recently released its predictions for the year. The markets in Zillow’s top 10: San Jose, Calif. Raleigh, N.C. Seattle, Wash. Charlotte, N.C. San Francisco, Calif. Austin, Texas Denver, Colo. […]

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Regional Spotlight: 2018 Seattle/Puget Sound Housing Forecast

In this commentary, J. Lennox Scott, chairman and CEO of John L. Scott Real Estate, offers a 2018 housing forecast for the Puget Sound/Seattle market. The hot housing streak in Greater Seattle will continue for the sixth straight year in 2018. Similar to 2017, Puget Sound is poised for another year of intense sales activity […]

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Double-Digit Growth in the Wild West: Is a Bubble Next?

Demand is forcing home prices out West to keep ticking up, even though the home-buying and -selling season is winding down, according to the September Zillow® Real Estate Market Report. Appreciation is highest in the San Jose, Calif., and Seattle, Wash., metropolitan areas, where prices have rocketed (in order) 10.3 percent, to a median $455,800, […]

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Go Figure: Hipsters Are in Mainstream Markets

Culturally unsheltered and experience-happy, hipsters have massed in markets that meet their preference for “unconventional.” These hubs typically have an array of eateries, a hole-in-the-wall on every corner, and a lively music scene. (You probably never heard of it.) Hipsters also live, however, in some of the hottest housing markets in the nation, according to […]

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