February 06, 2017
Colorado Real Estate Market Update
Posted in Colorado Real Estate Market Update and Market News by Matthew Gardner, Chief Economist, Windermere Real Estate
Annual employment growth in Colorado was measured at a respectable 2.2% in November and will likely finish the year having created around 55,000 new jobs. Within the metropolitan market areas included in this report, we are seeing employment growth at or above the state level and I anticipate that this will continue to be the case in 2017.
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February 02, 2017
Nevada Real Estate Market Update
Posted in Market News and Nevada Real Estate Market Update by Matthew Gardner, Chief Economist, Windermere Real Estate
Employment in the Las Vegas market slowed modestly towards the end of 2016 after having performed very well for the past couple of years. November data showed that 943,100 people were employed in Clark County; this is up by 19,000 from November of 2015, representing a growth rate of 2.1%. In a further sign of an improving labor market, the local unemployment rate has dropped...
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January 31, 2017
Eastern Washington Real Estate Market Update
Posted in Eastern Washington Real Estate Market Update and Market News by Matthew Gardner, Chief Economist, Windermere Real Estate
Economic growth in Washington State continues to trend well above the nation and it is one of the fastest-growing regions in the country. Housing markets throughout the state have benefited greatly from this economic vitality. Home prices continue to increase while the number of homes for sale remains stagnant. The average number of active listings in the fourth quarter was 21% lower...
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January 30, 2017
Southern California Real Estate Market Update
Posted in Market News and Southern California Real Estate Market Update by Matthew Gardner, Chief Economist, Windermere Real Estate
The Southern California economy continues to add jobs, which in turn increases demand for housing. The region remains a seller’s market; however, it will be interesting to see what effect the recent rise in interest rates will have on the growth of home prices, especially in the more expensive Orange County and Los Angeles County areas. Given further anticipated increases in interest rates...
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January 25, 2017
Western Washington Real Estate Market Update
Posted in Market News and Western Washington Real Estate Market Update by Matthew Gardner, Chief Economist, Windermere Real Estate
Washington State finished the year on a high with jobs continuing to be added across the market. Additionally, we are seeing decent growth in the area’s smaller markets, which have not benefitted from the same robust growth as the larger metropolitan markets.
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January 11, 2017
First Time Buyers, Millennials, and What to Expect in 2017
Posted in Market News by Matthew Gardner, Chief Economist, Windermere Real Estate
Why don’t we have enough first-time buyers in the market? With Baby Boomers working and living longer, we aren’t making much room for Millennials to start their careers. Plus, the major debt that the younger generation owes on student loans ($1.3 trillion today) hugely impacts the housing market. But the bigger issue is lack of down payments. Before the recession, many Millennials...
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December 29, 2016
What’s In Store For The 2017 Seattle Housing Market?
Posted in Market News by Matthew Gardner, Chief Economist, Windermere Real Estate
2016 was another stellar year for the Seattle housing market, in which a surplus of buyers and a deficit of sellers drove home prices higher across the board. So, can we expect to see more of the same in 2017? Here are some of my thoughts on the Seattle/King County housing market for the coming year:
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December 16, 2016
It’s Complicated: What’s Stopping Millennials from Entering the Housing Market?
Posted in Economics 101 Videos and Market News by Matthew Gardner, Chief Economist, Windermere Real Estate
More than thirty five percent of the 75.5 million Millennials in the United States still live at home, with their parents. So what is keeping them from making the move to a home of their own? According to Windermere’s Chief Economist, Matthew Gardner, it’s a unique combination of personal and financial factors.
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November 23, 2016
What to Expect in Housing Affordability
Posted in Economics 101 Videos and Market News by Matthew Gardner, Chief Economist, Windermere Real Estate
What keeps Windermere’s Chief Economist, Matthew Gardner, up at night? Housing affordability. See what he has to say about how West Coast cities can improve housing affordability through policy and infrastructure changes.
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November 09, 2016
The Trump effect. How will it impact the US economy and housing?
Posted in Market News by Matthew Gardner, Chief Economist, Windermere Real Estate
The election was a shock for many, especially on the West Coast where we have not been overly affected by the long-term loss in US manufacturing or stagnant wage growth of the past decade. But the votes are in and a new era is ahead of us. So, what does this mean for the housing market?
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