...the west coast!
According to a new report from PwC consulting firm, Seattle is the city with the most promising real estate market in 2018! Other west coast cities including LA, San Jose & Portland top the charts, as well. Whether you are looking for a profitable investment property or you are ready to buy in 2018, look no further than the beautiful Pacific Northwest.
Seattle topped charts for its climbing population growth and ease of livability. Like Portland, it has one of the best microbrew scenes in the nation, not to mention our outstanding coffee and culinary scene. In fact, this market is projected to gain 29,000 new residents per year over the next five years.
Seattle's job growth over the past decade has been steady with Amazon & Microsoft making their homes here. With Microsoft's expansion of their headquarters in Redmond, there is a promise of even more job growth on the horizon.
Other boons that make the Seattle market increasingly attractive are the high density of talent, high numbers of well-paying jobs, quality of outdoor activities/living, and prominent global market.
The Seattle/PNW market is not without it's challenges, however. Housing affordability is easily one of the greatest challenges here and for other markets in the Pacific region including San Francisco, San Jose & Honolulu. A lack of affordable housing could have a negative impact on future growth. Additionally, infrastructure is an challenge in Seattle. In order to support current growth, infrastructure enhancements are necessary.
If you are considering establishing roots or looking for investment opportunities in the great Pacific Northwest, now is the time to take action!