Seattle No. 1 for techies looking to flee California

The Seattle Times published today that Seattle is the number one spot for Silicon Valley refugees looking to flee the brutal housing market of the Bay Area.
This is nothing new, as we real estate agents have been witnessing this trend for quite some time now.
According to this article, the median home price in the San Francisco / San Jose market is over $1M, about 86% more than in Seattle. But the average software developer in Silicon Valley only makes about 12% more income than in Seattle. This is a big part of the reason why I don’t think prices in our Seattle housing market are going to be coming down anytime soon! With our fantastic climate, jobs/economy, geographic limitations, traffic and recent growth, I’m afraid the rapidly rising home prices in close-in Seattle are here to stay for a while.

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