Many people were discussing Seattle’s long term economic prospects on my recent market update thread (check out the lively comments at the end of the post). Given the interest in debating if Seattle is a bubble or if there are real underlying drivers for the long-term property market here, I thought SCR readers might be interested in CNN‘s ranking of the top 30 metropolitan areas and their relative median home sale prices.
We should take it with a grain of salt but still some encouraging data points on reasons why some folks move to Seattle from California. (Thanks to Mike D. for helping me clarify this post!)
Check out some more criteria our lovely city was praised for.
Correct me if I’m wrong, but I think you’re reading the CNN article as if it’s a “top 30” list. I don’t think it is. It looks like a list of 30 *major* cities, ranked by affordability, with Seattle coming in among the *least* affordable. If it were a top 30 most affordable list, why would NY, SF, and SD even be on the list?
Thanks Mike D! I took another look at the article and updated the post.