The Seattle PI had an article today describing how things are definitely picking up at the local Boeing facilities around the Puget Sound. This paragraph sums it up pretty well:
The company plans to open a second production line in Renton that will push output there to a record 31 planes a month. It is also requiring some 777 workers in Everett to work overtime and will replace a key executive there amid a series of production problems before it boosts output of that twin-aisle jetliner as well.
None of this comes as a surprise to me as I’ve been noticing a substantial increase in people who looking to move to the area related to Boeing jobs. In addition, some of the housing message boards such as craigslist and trip advisor seem to have a lot more questions about good places to live for people whose jobs are relocating to Everett and/or relocating to Renton.
For home owners, any sustained expansion of jobs to the region is great news and I’m of the opinion that job growth plays a larger role in keeping home prices high than any change in interest rates! The success of the tech industry (Microsoft, Amazon, etc) in the area has done wonders for our home values and with the additional growth from Boeing, the future looks real good for Seattle-area home owners.
Interesting coverage of the transition taking place a Boeing. As a Chicago realtor, Boeing relocations are of interest to me. I have helped several employees with relcations to Chicago.
Great Blog!
Losing Boeing to Chicago is kind of a sore subject around this area. Luckily, we still have a lot of related jobs (although it has dropped off as the chart from the article illustrated. I’m actually working with a future Microsoft employee right now who is moving out from Chicago, so the jobs haven’t been all one way!
I checked your blog out, and I really liked that as well… I like that you take on a current news article with just about every one of your posts! I added a link to your site under “Real Estate Blogs”.
Losing Boeing to Chicago is kind of a sore subject around this area. Luckily, we still have a lot of related jobs (although it has dropped off as the chart from the article illustrated. I’m actually working with a future Microsoft employee right now who is moving out from Chicago, so the jobs haven’t been all one way!
I checked your blog out, and I really liked that as well… I like that you take on a current news article with just about every one of your posts! I added a link to your site under “Real Estate Blogs”.