Redfin CEO Sees 'Moment of Reckoning' in Seattle Real Estate Market

The video discusses the impact of the tech boom, particularly Amazon, on Seattle's real estate market, highlighting the challenges of rising housing prices and the shift in demographics. It also covers Amazon's decision to raise the minimum wage for its workers, the implications of this move, and the broader real estate market trends across the U.S.

What has been the impact of the tech industry on Seattle's real estate market?

• It has made Seattle a middle-class town again.

• It has decreased property prices.

• It has led to a 50% price growth.

• It has reduced the number of tech workers.

How has Amazon influenced Seattle's economy?

• By decreasing the city's prosperity.

• By moving its headquarters out of Seattle.

• By creating a tech ecosystem and jobs.

• By reducing job opportunities.

What change did Amazon make to its workers' compensation?

• Increased stock options.

• Added more bonuses.

• Introduced a $15 minimum wage.

• Reduced working hours.

What is one reason Amazon raised its minimum wage?

• To increase its stock value.

• To reduce its workforce.

• To compete with Uber for talent.

• To close its warehouses.

Where is Amazon speculated to establish its HQ2?

• In Seattle.

• In the DC area.

• In San Francisco.

• In New York.

What is a potential advantage of Amazon being in the DC region?

• Closer to its original headquarters.

• Better weather conditions.

• Lower operational costs.

• Proximity to political power.

What trend is being observed in the broader real estate market?

• A significant increase in property sales.

• A slowdown with houses staying longer on the market.

• A rise in middle-class homeownership.

• A decrease in housing inventory.