A year of strong home price growth amid a shift to remote work.
Here we take an in-depth look at how the emerging work-from-home trend may reshape our communities. The Index reported that Seattle ended the year ranked second in the nation for residential price growth for an eleventh straight month. At third place, San Diego failed to close its narrowing gap with Seattle. The mix of urban, suburban, and exurban development within the MSA means that the Case-Shiller index for Seattle does not only reflect residential price trends inside the city but also prices in suburban and exurban towns beyond the city.
Homebuying demand has not fled the Greater Puget Sound: It is simply realigning with the preferences of the millions who enjoy the quality of life this region offers.