Seattle real estate experts weigh in on housing cooldown

Photo by Alesia Kazantceva on Unsplash

John L. Scott’s Brian Golik is interviewed in an article examining the current Seattle housing market and the role the tech industry may play in recent changes. 

Nat Levy | GeekWire

Seattle’s housing market has risen to record levels — for better or worse — fueled in part by Amazon’s historic success, but the tech giant’s hiring has slowed in recent months. At the same time, the region’s housing market has cooled, losing its nearly two-year title as the nation’s hottest.

But correlation does not necessarily mean causation, and real estate experts interviewed by GeekWire say they don’t see a connection between the slowdowns at Amazon and in the housing market. Instead, they say the real reason for the housing slowdown is that for the first time in years there are more than just a handful of houses for sale in any given area.

More homes hit the market in the Seattle area than at any time in the last three years in August, according to the latest statistics from the Northwest Multiple Listing Service, released Friday afternoon. That means more choices for buyers, smaller price growth and fewer of the multiple-offer horror stories that almost every buyer over the last couple years has experienced.

To read the article in full, click here: Is Amazon responsible for Seattle’s housing cooldown? Real estate experts weigh in