Move over Seattle — Tri-Cities is Northwest’s hottest housing market

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 · ”If you’d spoken to me in 2011 and asked how Seattle is doing, I may have said it seems pretty affordable,” Shaw told Curbed. “Now, cities like Seattle, Portland, Minneapolis, and Austin all face similar problems as San Francisco. The nation perceived this as a problem that was only in certain cities, and now it’s spread.”

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Seattle retains title of hottest housing market in the country with Portland right behind. Seattle has consistently been the hottest housing market in the nation over the last few years, buoyed by the city’s thriving technology industry. This summer, Zillow found that Seattle is among the cities with the highest number of $1 million neighborhoods. Seattle has 38 $1 million neighborhoods, putting it at seventh among the top 10 cities.

Expect home prices in the region to continue to grow in 2017, Zillow says. The Seattle-based real estate company used data on home price growth, unemployment, and income to make its forward-looking list. 2 Seattle 5.6% 1.0% 4.4% 3 Provo, Utah 4.3% 1.0% 2.7% 4 Orlando 5.7% 1.0% 4.5% 5 salt lake city 4.3% 1.0% 2.8% 6 portland 5.2% 1.0% 4.8%.

Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to March data that was released this morning, Seattle-area home prices were: Up 2.6 percent February to March Up 12.3 percent year-over-year. Up 12.7 percent from the July 2007 peak Over the same period last year prices were up 2.4 percent month-over-month and year-over-year prices were up 10.9 percent.

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“Housing was overpriced. end apartments are about 25 percent baby boomers, and that was a market we had not tapped before,” Olander said. “We think that market will grow over time because they are.