Local Real Estate Experts Forecast Continued Sellers’ Market in 2017
Bellevue-based Coldwell Banker Bain recently released its 2017 market predictions, and the local real estate market shows no signs of slowing down.
For its predictions, Coldwell Banker Bain looked at the local employment rate, number of Washington state driver’s licenses issued, and new building permits to create its forecast for the year ahead.
“The data shows that the population growth rate in the Puget Sound region, currently at double the national rate, coupled with expected continued strong job growth, is one factor pointing to our main prediction that the real estate market will continue to be as strong as it was in 2016,” said Mike Grady, Coldwell Banker Bain president and COO.
Bellevue Metro Area One of the Best For Young Entrepreneurs
The Seattle-Tacoma-Bellevue area is seventh-best when it comes to young entrepreneurs, according to a NerdWallet study.
The study took into account the area’s population of those age 25-34, percentage of the population with a college education, the per capita amount of Small Business Administration loans, the number of businesses per 100 people, median income, median home price, and unemployment rate.
The Seattle-Tacoma-Bellevue area narrowly outranked popular-but-spendy startup hub San Francisco, mainly because the median home price is $350,000 lower than that of the Bay Area.
Medic One Foundation Introduces New Life-Saving App
Earlier this summer, Seattle-based Medic One Foundation introduced PulsePoint, an app that turns ordinary citizens into life-saving responders.
The app, which is free to download and available on iOS and Android, alerts CPR-trained individuals when someone within a quarter-mile of their vicinity is experiencing cardiac arrest.