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Home-buying frenzy in Seattle driving up prices

Demand from Chinese emigrees and technology workers is sending home prices to a record, with pending home sales rising 16 per cent last month to the highest in a decade

Seattle still remains affordable compared with other US West Coast cities. The relative value has drawn buyers seeking good school districts and a place to put their money.


RETIRED baseball pitcher Jamie Moyer sold his seven-bedroom Tudor mansion in Seattle, complete with a batting cage and saltwater pool, to a Chinese couple for US$3.2 million in September. The new owners promptly rented it out to a group of Inc employees.


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