Tuesday, March 8, 2016

House hunting? Here's how far your dollar goes in the top 5 U.S. tech hubs

House hunting? Here's how far your dollar goes in the top 5 U.S. tech hubs


If you live in a region with a thriving tech industry, you’ve probably noticed your dollar doesn’t go as far in the housing market as it used to.

There are a few factors causing rent and home values to rise, says Svenja Gudell, chief economist at Zillow, the Seattle-based real estate media company. Most notably, when tech companies do well they hire — and they tend to hire young people who look to buy or rent entry-level homes. This increases demand faster than inventory can be supplied.
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