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.

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Market News Eastern Washington Real Estate Market Update The following analysis of the Eastern Washington real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to contact your Windermere Agent.
Market News Colorado Real Estate Market Update The following analysis of the Metro Denver & Northern Colorado real estate market (which now includes Clear Creek, Gilpin, and Park counties) is provided by Windermere Real Estate Chief Economist Matthew Gardner. We hope that this information may assist you in making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to...
Market News Southern California Real Estate Market Update The following analysis of the Southern California real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to contact your Windermere agent.
Market News Western Washington Real Estate Market Update The following analysis of the Western Washington real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to contact me.
Market News Mortgage Rate Forecast Geopolitical uncertainty is causing mortgage rates to drop. Windermere Chief Economist, Matthew Gardner, explains why this is and what you can expect to see mortgage rates do in the coming year.
Market News The Housing Market in 2019 The last time we saw a balanced market was late 1990s, meaning many sellers and buyers have never seen a normal housing market. Windermere Real Estate’s Chief Economist Matthew Gardner looks at more longer-term averages, what does he see for the future of the housing market?
Market News Hawaii/Maui Real Estate Market Update Hawaii’s economy continues to add jobs, but the rate of growth remains tepid. Over the past 12 months, the state added 3,200 new jobs, representing a growth rate of .5%. This lackluster growth may be due to the fact that the unemployment rate was a very healthy 2.7%. On Maui, employment growth dropped 2.2% year-over-year, and has been contracting for the past 14 months.
Market News Big Island of Hawaii Real Estate Market Update Hawaii’s economy continues to add jobs, but the rate of growth is tepid. Over the past 12 months, Hawaii added just 1,400 new jobs, representing a growth rate of 0.2%. Even with this lack of job formation, the state has a very healthy 2.8% unemployment rate. On the Big Island, year-over-year employment dropped 4.7% to 84,600 persons and has been negative for the past eight months.
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Market News Montana Real Estate Market Update Over the past 12 months, Montana has added 4,800 new non-agricultural jobs. This represents an annual growth rate of a modest 0.9%, which is lower than the national growth rate of 1.7%. In the first quarter of the year, the state lost 1,300 non-agricultural jobs, which was a disappointment, but I remain hopeful we will see some improvement as we move through the balance of the year.
Market News Oregon and Southwest Washington Real Estate Market Update Oregon added 29,500 new jobs over the past 12 months, representing an annual growth rate of 1.5%. The current pace of job growth continues the slowdown that started in mid-2018. I am not overly concerned by this slowdown in growth, as it is typical for this stage in the economic cycle.
Market News Idaho Real Estate Market Update Job growth in Idaho continues to moderate. The state added 19,400 new jobs over the past 12 months, representing an annual growth rate of 2.7%. That said, the growth rate remains well above the national average of 1.7%. In March, Idaho’s unemployment rate was 2.9%, matching the level seen a year ago.
Market News Central Washington Real Estate Market Update Washington State employment slowed to an annual growth rate of 1.7% — a level not seen since 2012 — and continues a trend of slowing that started in the summer of 2018. Over the past 12 months, the state added 56,100 new jobs. Month-over-month, all metropolitan areas in the state either saw the number of jobs contract or remain at their existing levels. This is a little unusual and may be...
Market News Utah Real Estate Market Update Utah’s economy continues to outperform the country with the addition of 43,700 non-agricultural jobs over the past 12 months, representing a growth rate of 3.1% that is very solid compared to the U.S. rate of 1.7%. However, growth has started to slow — albeit modestly — and this is likely to continue given the maturity of the economic cycle...
Market News Eastern Washington Real Estate Market Update Washington State employment slowed to an annual growth rate of 1.7% — a level not seen since 2012 — and continues a trend of slowing that started in the summer of 2018. Over the past 12 months, the state added 56,100 new jobs. Month-over-month, all metropolitan areas in the state either saw the number of jobs contract or remain at their existing levels.
Market News Colorado Real Estate Market Update Colorado’s economy continues to grow with the addition of 44,800 new non-agricultural jobs over the past 12 months. This represents a reasonable growth rate of 1.7%. As stated in last quarter’s Gardner Report, we continue to see a modest slowdown in employment gains, but that’s to be expected at this stage of the business cycle. I predict that employment growth in Colorado will pick back up...
Market News Nevada Real Estate Market Update Job growth in the Las Vegas metropolitan area remains robust. A total of 28,000 new jobs were added over the past 12 months, representing an annual growth rate of 2.8%. For perspective, the U.S. as a whole is growing at around 1.7%, or less than half the rate of Las Vegas. As the labor market expands, the unemployment rate continues to trend lower...
Market News Southern California Real Estate Market Update The counties covered by this report — Los Angeles, San Diego, San Bernardino, Orange, and Riverside — added 165,000 new jobs between February 2018 and February 2019. This represents an annual growth rate of 1.7%. In the same timeframe, the unemployment rate dropped from 4.4% to 3.9%. Employment growth in Southern California picked up a little in the late winter...
Market News Western Washington Real Estate Market Update Washington State employment slowed to an annual growth rate of 1.7% — a level not seen since 2012 — and continues a trend of slowing that started in the summer of 2018. I was a little surprised to see such a significant drop in employment growth, but it may be due to the state re-benchmarking their data (which they do annually).
Market News Hawaii/Maui Real Estate Market Update Hawaii’s economy offered a mixed bag of growth in the fourth quarter of 2018. Employment declined 1.4% but the unemployment rate was a healthy 2.3%. Over the past year, the economy has shed 9,300 jobs, and annual job gains have been negative for the past three months. On Maui, employment growth dropped 1.9% and was negative for the whole of the fourth quarter. That said, there are 78,600...
Market News Montana Real Estate Market Update According to the Labor Department, Montana added 4,700 new non-agricultural jobs in 2018, representing an annual growth rate of 1.5%. For perspective, the U.S growth rate is running at about 1.7%. State employment growth was a little frenetic last year, with monthly employment dropping in three of twelve months. I do not see this as a trend but I don’t expect to see any rapid rise in...

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