They also tend to eye luxury homes. Seattle's housing market is experiencing a 19% spike in house prices, the fastest increase in the city since 2006, according to the Seattle Times. The uptick – surpassing 2013 for the fastest rise in prices in the region – is thanks to an influx of Chinese investors, who deserted Vancouver after authorities slapped a 15% tax on foreign real estate buyers. In Seattle, where home values have soared by more than 50% over the past decade, many residents are feeling the effects of this new wave of wealth.
Seattle's housing market is experiencing a 19% spike in house prices, the fastest increase in the city since 2006, according to the Seattle Times. The uptick – surpassing 2013 for the fastest rise in prices in the region – is thanks to an influx of Chinese investors, who deserted Vancouver after authorities slapped a 15% tax on foreign real estate buyers. In Seattle, where home values have soared by more than 50% over the past decade, many residents are feeling the effects of this new wave of wealth.