Seattle Economy , Housing Market Assam

[andhra_jp]

Seattle, Tech Boomtown, Grapples With a Future of Fewer Tech Jobs

Amazon and Microsoft remade the Seattle area. Now its economy is feeling the pain of the industry’s pullback.

 People who listed Microsoft and other tech companies on their résumés were applying to become baristas.

 

Led by Amazon and Microsoft, companies across Seattle have undergone round after round of layoffs in recent years, shedding tens of thousands of employees. 

The pullback in tech employment is being felt throughout Seattle’s economy. Retail and restaurant spending is down in popular areas. Commercial real-estate vacancies stand at a record high as offices built to accommodate a boom sit empty. Home prices are flat and home sales are stagnant, though broader economic factors play a role.

As Amazon and Microsoft have made cuts—and other local tech firms including Expedia and Redfin have followed suit—the effects have rippled through Seattle’s other business sectors. Weakness in payroll and sales tax contributed to a projected $146 million shortfall in revenue over the next two years. 

Restaurant and retail spending is down in the business and shopping districts surrounding Amazon’s and Microsoft’s campuses, with total transactions falling by as much as 7% in some popular areas in the past year, according to data from Square.

In the first half of 2025, around 450 restaurants closed in Seattle, or about 16% of its total. “At the halfway point of the year, we’ve already seen as many closures as we’d usually see in a full year,” said Anthony Anton, chief executive officer of the Washington Hospitality Association.

Uber driver Juan Prado made six figures in 2021, often shuttling passengers in town for job interviews and doing frequent drop-offs near downtown tech offices. Now, he said, demand is much lower. “There are moments where you can be online, and in certain areas, it shows nothing.”

The average number of days a home spends on the market in King County, which includes Seattle, has doubled since 2022 and the number of homes for sale in August was up 31% from a year earlier, according to Northwest Multiple Listing Service. The total number of sales and the median sale price have been relatively flat over this period.

“Everyone is sitting tight and hunkering down,” said Jeff Tucker, principal economist for Windermere Real Estate in Seattle. 

Chrissy Roberts, an agent for Realogics Sotheby’s International Realty in suburban Kirkland, Wash., said she has tech industry clients who are selling their homes now because they are worried conditions will only get worse.

“They don’t want it to sit on the market,” she said.

When layoffs started to surge, Todd Haugen decided he needed to quickly sell his four-bedroom, 4,000-square-foot house with a pool and expansive views in the Clyde Hill neighborhood of nearby Bellevue, Wash. Haugen, who is 60 years old, left Microsoft in 2022 after two decades.

“My LinkedIn feed is crammed with people who have been laid off,” he said. “It was either sell it today or be in it for another 10 years.”

[VanceChilukuri]

ee news article raasina VP gadu evadu....Seattle is a very hot real estate market....ippatikee auctions lo kontunnaru

[VanceChilukuri]

a 30 year old 1BHK apartment costs a million dollar here even now

[Barney_Stinson]

luv da li artkl, ippatiki ippudu depression ochina seattle lo rates impact avvavu, lafoot gallu andaru misleading lo leads

[andhra_jp]

6 minutes ago, VanceChilukuri said:

ee news article raasina VP gadu evadu....Seattle is a very hot real estate market....ippatikee auctions lo kontunnaru

https://www.wsj.com/tech/seattle-tech-amazon-microsoft-jobs-95f2db27

[andhra_jp]

9 minutes ago, VanceChilukuri said:

ee news article raasina VP gadu evadu....Seattle is a very hot real estate market....ippatikee auctions lo kontunnaru

4 minutes ago, Barney_Stinson said:

luv da li artkl, ippatiki ippudu depression ochina seattle lo rates impact avvavu, lafoot gallu andaru misleading lo leads

Seattle housing market cools in August as prices stall, sales slip

 

Median home price flat at $650K; listings rose 31% from last year but buyer demand stayed sluggish despite easing mortgage rates.

 

https://www.king5.com/article/news/local/seattle-housing-market-cools-august-prices-stall-sales-slip/281-2487e43b-0c55-400c-9df0-4011b353d0fe

 

 

Seattle housing market sees highest inventory since 2015, offering buyer opportunities

https://komonews.com/news/local/seattle-housing-market-real-estate-experts-remax-emerald-city-2015-king-county-lake-union-jeff-tucker-principal-economist-borrowers-treasury-yield

[ManOffSteel]

30 minutes ago, VanceChilukuri said:

ee news article raasina VP gadu evadu....Seattle is a very hot real estate market....ippatikee auctions lo kontunnaru

 

29 minutes ago, VanceChilukuri said:

a 30 year old 1BHK apartment costs a million dollar here even now

Ey baabu nidra leyyu.. 

[jpismahatma]

@VanceChilukuri @Sonu_pate1 are housing bulls now.

[pushpa1]

Rasinodu esinodu konchem reality ki dorram ga unnaru anukunta..

[Gorantlamdhav]

1 hour ago, ManOffSteel said:

 

Ey baabu nidra leyyu.. 

 

1 hour ago, Barney_Stinson said:

luv da li artkl, ippatiki ippudu depression ochina seattle lo rates impact avvavu, lafoot gallu andaru misleading lo leads

 

1 hour ago, VanceChilukuri said:

a 30 year old 1BHK apartment costs a million dollar here even now

kontava 30% discount lo ippista

[pushpa1]

39 minutes ago, Gorantlamdhav said:

 

 

kontava 30% discount lo ippista

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