1. Seattle Housing Prices
Seattle home prices surge more than 10% as supply struggles to meet demand

2. Analyzing the Housing Market
Three steps to analyzing changes in equilibrium
Decide: the event shifts the supply curve, the demand curve, or both curves
Decide: curve shifts to right or to left
Use supply-and-demand diagram
Compare initial and new equilibrium
How the shift affects equilibrium price and quantity

3. Why the Increase? Supply side
Demand Increasing Faster than Supply – reduces “inventory”
In April we saw residential real estate inventory bump up from 1.1 months to 1.3. That 18% gain is nothing to dismiss, but it's one drop in a very large bucket that needs to be filled to give home buyers some breathing room. It's not enough to satiate the local population hoping to purchase a home, let alone the influx of tech workers moving to the Seattle region. Amazon, Facebook, Google, Nintendo, Microsoft and many others are in a talent-spending competition that rivals any tech hub nationally.

4. Why the Increase?

6. On the Demand Side
San Francisco tech workers are hustling to move to Seattle
$3k rents in SFO
$90K + salaries