Market News

Windermere Chief Economist Matthew Gardner delivers his monthly Monday with Matthew video series covering the latest topics in real estate and provides his quarterly Gardner Report highlighting local market conditions in regions throughout the Western U.S.

Market News

Utah Real Estate Market Update

According to the Labor Department, Utah has added 51,800 non-agricultural jobs over the past 12 months, representing a very solid growth rate of 3.5%, which makes Utah the fastest growing state in the country. For perspective, the U.S growth rate is running at 1.6%. Monthly employment gains in Utah have averaged 4,125 new jobs per month so far in 2018 and I believe we will end the calendar...
Market News

Eastern Washington Real Estate Market Update

Washington State continues to be one of the fastest growing states in the nation and there is little to suggest that there will be any marked slowdown in the foreseeable future. Over the past year, the state has added 105,900 new jobs, representing an annual growth rate of 3.2%. This remains well above the national rate of 1.65%. Private sector employment gains continue to be...
Market News

Colorado Real Estate Market Update

The Colorado economy continues to perform quite well, having added 72,200 non-agricultural jobs over the past 12 months — a solid growth rate of 2.7%. Through the first eight months of 2018, the state has added an average of 6,700 new jobs per month. There has been a modest slowdown in employment gains, but I really don’t think this is a cause for concern and still hold to my forecast that...
Market News

Nevada Real Estate Market Update

Job growth in the Las Vegas metropolitan area continues at a very brisk pace. A total of 32,300 new jobs were added over the past 12 months, representing a very strong annual growth rate of 3.3%. For perspective, the U.S. as a whole is growing at around 1.6%, or half the rate of Las Vegas. Even as jobs are added to the local economy, the unemployment rate is still higher than one would expect...

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Market News Utah Real Estate Market Update According to the Labor Department, Utah has added 51,800 non-agricultural jobs over the past 12 months, representing a very solid growth rate of 3.5%, which makes Utah the fastest growing state in the country. For perspective, the U.S growth rate is running at 1.6%. Monthly employment gains in Utah have averaged 4,125 new jobs per month so far in 2018 and I believe we will end the calendar...

Market News Eastern Washington Real Estate Market Update Washington State continues to be one of the fastest growing states in the nation and there is little to suggest that there will be any marked slowdown in the foreseeable future. Over the past year, the state has added 105,900 new jobs, representing an annual growth rate of 3.2%. This remains well above the national rate of 1.65%. Private sector employment gains continue to be...

Market News Colorado Real Estate Market Update The Colorado economy continues to perform quite well, having added 72,200 non-agricultural jobs over the past 12 months — a solid growth rate of 2.7%. Through the first eight months of 2018, the state has added an average of 6,700 new jobs per month. There has been a modest slowdown in employment gains, but I really don’t think this is a cause for concern and still hold to my forecast that...

Market News Nevada Real Estate Market Update Job growth in the Las Vegas metropolitan area continues at a very brisk pace. A total of 32,300 new jobs were added over the past 12 months, representing a very strong annual growth rate of 3.3%. For perspective, the U.S. as a whole is growing at around 1.6%, or half the rate of Las Vegas. Even as jobs are added to the local economy, the unemployment rate is still higher than one would expect...

Market News Southern California Real Estate Market Update The counties covered by this report—Los Angeles, San Diego, San Bernardino, Orange, and Riverside—added a very modest 47,400 new jobs between August 2017 and August 2018. Even as job growth slowed, the unemployment rate dropped from 4.9% to 4.4%. Employment growth in Southern California has started to taper, due primarily to a slowing in employment gains in the large Los Angeles County market...

Market News Western Washington Real Estate Market Update Washington State continues to be one of the fastest growing states in the nation and there is little to suggest that there will be any marked slowdown in the foreseeable future. Over the past year, the state has added 105,900 new jobs, representing an annual growth rate of 3.2%. This remains well above the national rate of 1.65%. Private sector employment gains continue to be robust...

Market News Are We Heading Towards A Bubble? The US housing market has been going gangbusters in recent years. Record-setting sales, record-setting home prices, & a market that has largely favored sellers, while forcing fierce competition among buyers. All of this has led some to worry that we are heading towards another housing bubble. So, are we? On Tuesday, September 25, at 11 AM PST, Windermere Real Estate is hosting a Facebook Live...

Market News Challenges Builders Face With New Construction Housing demand remains high across the Western United States, but home-building is still struggling to keep up. What can be done to help encourage construction of new homes? Windermere Real Estate's Chief Economist Matthew Gardner has insight.

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Market News 5 Reasons Rising Interest Rates Won’t Wreck the Housing Market Interest rates have been trending higher since the fall of 2017, and I fully expect they will continue in that direction – albeit relatively slowly – as we move through the balance of the year and into 2019. So what does this mean for the US housing market? It might come as a surprise to learn that I really don’t think rising interest rates will have a major impact on the housing market...

Market News What You Need to Know About the US Luxury Housing Market Luxury homes sales across the U.S. continue to perform strongly, but I’m noticing some headwinds starting to appear that are worthy of a closer look. It’s often thought that luxury real estate runs totally independent of the overall market, and while this is true in some respects, there are definitely correlations between high-end housing and the rest of the market.

Market News How Restrictive Growth Policies Affect Housing Affordability In Many Cities Windermere Real Estate Chief Economist Matthew Gardner explains how restrictive growth policies are affecting housing affordability in many cities.

Market News How Zoning and Regulatory Costs Impact Housing Affordability Windermere Real Estate Chief Economist Matthew Gardner explains the ways zoning rules and regulatory costs can limit housing affordability.

Market News Montana Real Estate Market Update According to the Labor Department, Montana added 2,900 non-agricultural jobs over the past 12 months, representing an annual growth rate of 0.6%. For perspective, the U.S growth rate is running at about 1.6%. Although the state has experienced significant increases in employment since the last recession, the pace of growth has slowed significantly, which is mainly due to a lack of workers...

Market News Oregon and Southwest Washington Real Estate Market Update The State of Oregon has added 30,400 new jobs over the past 12 months, representing a reasonable annual growth rate of 1.6%. It is clear, however, that job growth in Oregon has started to taper, with the annual rate dropping below 2% in the early spring of this year. This is no great cause for concern as the state has essentially reached full employment, which tends to slow employment growth...

Market News Idaho Real Estate Market Update Job growth in Idaho tapered somewhat over the past few months but the state is still adding jobs at a fair pace. In total, the state has added 21,800 new jobs over the past 12 months, representing a solid growth rate of 3.1%. In May, the state unemployment rate was 3.1%, down from 3.4% a year ago. The state is, essentially, at full employment but I still stand by my forecast that Idaho will...

Market News Central Washington Real Estate Market Update The Washington State economy added 83,900 new jobs over the past 12 months, representing an annual growth rate of 2.5%. This is a slowdown from the last quarter, but employment growth remains well above the national rate of 1.6%. Employment gains continue to be robust in the private sector, which was up by 2.8%. The public sector (government) grew by a more modest 1.1%. Last quarter...

Market News Utah Real Estate Market Update According to the Labor Department, Utah added 49,800 non-agricultural jobs over the past 12 months, representing a substantial growth rate of 3.4%. For perspective, the U.S growth rate is running at about 1.6%. Monthly employment gains have averaged 4,520 new jobs per month so far in 2018. I am becoming increasingly confident that we will end the year having added 50,000 new jobs...

Market News Eastern Washington Real Estate Market Update The Washington State economy added 83,900 new jobs over the past 12 months, representing an annual growth rate of 2.5%. This is a slowdown from last quarter, but employment growth remains well above the national rate of 1.6%. Employment gains continue to be robust in the private sector, which was up by 2.8%. The public sector (government) grew by a more modest 1.1%...