Artificial Intelligence Impact on Regional Economy & Housing
Moderator: Carese Busby, Loan Originator of Movement Mortgage
The meteoric adoption of artificial intelligence (AI) is poised to have a profound impact on information technology (IT) work, as well as broader commercial and housing markets, particularly in the Puget Sound region, which encompasses established tech hubs like Seattle, Bellevue, Kirkland, and Redmond. Companies here (e.g., Microsoft, Amazon, startups) are increasing investments in AI technologies, fueling demand for specialized roles such as machine learning engineers, data scientists, AI ethicists, and algorithm developers. Upskilling in AI tools and frameworks will become essential for existing entry-level IT professionals, who otherwise face job obsolescence (estimates are between 40-60% of the IT labor pool could be affected). The rapid adoption of AI in the Puget Sound region will transform IT work, catalyze commercial real estate development, and reshape housing dynamics. While this evolution presents opportunities for economic growth and innovation, proactive measures are necessary to address challenges in affordability, workforce displacement, and infrastructure capacity. Strategic planning and investment can help the region balance growth with sustainability and equity.
Featuring:
Moderator | Carese Busby Loan Originator - Movement Mortgage
Ofer Avnery Co-Founder - Realtie
Oren Rubin - AI Expert Serial Entrepeneur
Matthew Gardner Principal - Gardner Economics