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

What We Know (and Don’t Know) About the Impact of Brexit

The decision of the British public to leave the European Union is a historic one for many reasons, not least of which was the almost uniform belief that there was absolutely no way that the public would vote to dissolve a partnership that had been in existence since the UK became a member nation back in 1973. However, rightly or not, the people decided that it was time to leave.
Market News

What is the Case-Schiller Home Price Report and why does it Matter?

The S&P/Case-Shiller Home Price Indices is a monthly report that analyzes housing data in major metropolitan areas across the U.S. Windermere’s Chief Economist, Matthew Gardner explains what this report is and why we use it to assess the strength of the housing market.
Market News

How a Federal Interest Rate Hike Impacts Mortgage Rates

When the Federal Reserve announces a change in interest rates, it makes headlines. But does the federal interest rate directly impact your mortgage rate? See what Windermere’s Chief Economist, Matthew Gardner has to say.
Market News

Historically low inventory levels, how we got here, and what to expect in the coming year

The housing market is performing remarkably well, with the exception of incredibly low inventory levels in many areas throughout the country. Why is this happening? Windermere’s Chief Economist, Matthew Gardner, explains why and offers his predictions for what we can expect in the future.

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Market News What We Know (and Don’t Know) About the Impact of Brexit The decision of the British public to leave the European Union is a historic one for many reasons, not least of which was the almost uniform belief that there was absolutely no way that the public would vote to dissolve a partnership that had been in existence since the UK became a member nation back in 1973. However, rightly or not, the people decided that it was time to leave.

Market News What is the Case-Schiller Home Price Report and why does it Matter? The S&P/Case-Shiller Home Price Indices is a monthly report that analyzes housing data in major metropolitan areas across the U.S. Windermere’s Chief Economist, Matthew Gardner explains what this report is and why we use it to assess the strength of the housing market.

Market News How a Federal Interest Rate Hike Impacts Mortgage Rates When the Federal Reserve announces a change in interest rates, it makes headlines. But does the federal interest rate directly impact your mortgage rate? See what Windermere’s Chief Economist, Matthew Gardner has to say.

Market News Historically low inventory levels, how we got here, and what to expect in the coming year The housing market is performing remarkably well, with the exception of incredibly low inventory levels in many areas throughout the country. Why is this happening? Windermere’s Chief Economist, Matthew Gardner, explains why and offers his predictions for what we can expect in the future.

Market News Nevada Real Estate Market Update After losing over 134,000 jobs during the Great Recession, the Las Vegas metropolitan area has recovered all of those jobs and employment is now at an all-time high of 934,600. Year-over-year, the market added 24,600 new jobs. This is up from the annual pace of 21,300 jobs seen at the end of last year, but below the average annual rate of 32,700 seen through the whole of 2015.

Market News Southern California Real Estate Market Update Southern California continues to add jobs but the rate of increase has started to taper. Through the end of the first quarter of 2016, the counties that make up this report added 71,100 new jobs, and year-over-year, employment is up by 196,100 total jobs for a growth rate of 2.1%. Regional unemployment remains steady or is dropping modestly, and most counties are at or approaching full employment.

Market News Oregon and South West Washington Real Estate Market Update Growth in the Oregon economy is impressive and unlikely to slow down in the foreseeable future. This bodes well for the housing market.

Market News An Incoming Tide Raises All Ships: How the Growth in Homeowner Equity Continues to Stabilize the U.S. Housing Market With home prices rising and consumers not taking on additional mortgage debt, equity levels have grown substantially. The country went through a very painful period of negative equity during the housing recession, but the growth started returning in 2012, and we moved back into a period of positive equity again by the summer of 2013. In 2015, equity levels increased by an impressive 10.2 percent

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Market News Western Washington Real Estate Market Update Washington State has seen very robust growth over the past 12 months with the addition of 102,600 new jobs, which is 224,000 more jobs than seen at the previous peak in 2008. With this robust growth, it is unsurprising to see the unemployment rate trend down to 5.8%—well below the long-term average of 6.4%. As pleasing as it is to see the unemployment rate drop, it is equally pleasing to see...

Market News What’s the Deal with Condos? The Greater-Seattle region continues to grow its population base but not its land base. As such, density needs to be embraced. Condominiums play an important part of the equation, but until this segment of the market regains its footing, there will be further pressure on housing of all types to accommodate the region’s growth, and this will continue to put upward pressure on prices.

Market News Oregon and Southwest Washington Real Estate Market Update The Oregon economy continues to expand and I do not see this changing in the foreseeable future. However, similar to many West Coast markets, Oregon’s inventory constraints are becoming problematic. I believe we will see more listings come online in 2016 as home equity levels continue to expand, but unfortunately it will not be enough to meet demand...

Market News Western Washington Real Estate Market Update The Washington State economy has added almost 370,000 jobs since the lowest point of the recession at the start of 2010. Additionally, total employment is 176,000 jobs higher than seen at the 2008 peak. With a vast majority of our metropolitan areas having fully recovered from the job losses seen during the recession, I expect to see somewhat more modest job growth in the coming year.

Market News 2016 Economic & Housing Forecast It appears that 2016 will be a year of few surprises as it pertains to the housing market. Because it’s an election year, we shouldn’t expect to see any significant governmental moves that would have a major impact on the U.S. economy or housing market. Read about this and more in Windermere Chief Economist Matthew Gardner’s 2016 forecast.

Market News Oregon and Southwest Washington Real Estate Market Update Although the rate of growth has slowed somewhat, the Oregon economy continues to expand its job base. There was a decline in employment in September and the unemployment rate rose, but I do not see this as a trend so much as a temporary “blip”. I anticipate that, going forward, the State will continue to see growth at rates above the national average.

Market News Understanding the Chinese Home Buyer in the U.S. Housing Market Earlier this week, Bill Russell, head of International Development for Chinese real estate website, Juwai, spoke to a large group of Windermere agents about how to connect to Chinese buyers. Since China is a country with very different marketing tactics and a culture drastically different than our own, we were able to learn a great deal.

Market News Western Washington Real Estate Market Update After a period of above-average growth, Washington State has seen a modest slowing in employment growth, but we continue to add jobs at a respectable rate. The State unemployment rate was measured at 5.3%, marginally above the national level, but it is trending in the right direction.

Market News Oregon and Southwest Washington Real Estate Market Update The Oregon economy has regained its traditional job growth advantage relative to the nation with employment growth running about one percent higher than a typical state. With the expansion in employment—in concert with rising wages—the economy appears to be in good shape. Although not yet at full employment, the direction is very positive.

Market News Will Millennials be ‘Perma-renters’? There has been a lot of buzz in the news recently suggesting that millennials will forever be renters and not homeowners. Reasons for this theory include amenities that apartments offer, flexibility when it comes to moving and changing jobs, and inability to afford a home given the crushing student debt load many are carrying. So will this be the renter generation? Let’s take a look at the data.