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Market News Oregon and South West Washington Real Estate Market Update Economic growth in Oregon continues to trend well above the nation and it is one of the fastest-growing states in the country. The region’s housing market is benefiting greatly from this economic vitality. Sales activity continues to slow, but this has not adversely affected home prices. The market still clearly favors sellers and, even with recent increases in mortgage rates...
Market News Colorado Real Estate Market Update 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.
Market News Nevada Real Estate Market Update 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...
Market News Eastern Washington Real Estate Market Update 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...
Market News Southern California Real Estate Market Update 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...
Market News Western Washington Real Estate Market Update 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.
Market News First Time Buyers, Millennials, and What to Expect in 2017 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...
Market News What’s In Store For The 2017 Seattle Housing Market? 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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Market News It’s Complicated: What’s Stopping Millennials from Entering the Housing Market? 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.
Market News What to Expect in Housing Affordability 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.
Market News The Trump effect. How will it impact the US economy and housing? 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?
Market News Oregon and South West Washington Real Estate Market Update The labor market in Oregon/Southwest Washington continues to remain robust. During third quarter, the region added 13,800 new jobs, up from the 9,500 jobs that were created in the same period in 2015. Year-over-year, the region has grown at an impressive rate of 3.5%—well above the U.S. rate of 1.7%—and has one of the fastest rates of job creation in the nation.
Market News Nevada Real Estate Market Update Home prices are increasing at a reasonable pace but there are some sub-markets that are over-performing at the present time. This is not a concern, as I think buyers will start to be more selective regarding the neighborhoods that they want to move to. This process will allow some markets to appreciate at levels higher than the regional averages.
Market News Southern California Real Estate Market Update Over the past 12 months (through August 2016), the markets covered by this report added 273,200 new jobs and the total number of people claiming unemployment insurance dropped by over 100,000. With these shifts toward full employment, the area’s unemployment rate dropped from 6.2% to 5.1% during the past year.
Market News Western Washington Real Estate Market Update Annual employment growth in Washington State slowed somewhat in the third quarter of this year, but still remains well above the long-term average. Additionally, the jobs that are being created are primarily quality, high-paying positions, which is important for the health of our economy.
Market News Do You Have ‘Average’ Credit? If so, Getting a Mortgage May Be Tough Today, lenders require nothing short of pristine credit to obtain a mortgage. We can never return to the reckless lending policies of the past, but I believe they’ve gone too far, and it concerns me.
Market News Nevada Real Estate Market Update Job recovery in the Las Vegas metropolitan area took a bit of a pause during second quarter. May employment was down by 200 jobs from the prior month, but still 21,300 higher than seen a year ago. This matches the annual pace of 21,300 jobs seen at the end of last year, but is below the average annual rate of 32,700 for the whole of 2015.
Market News Southern California Real Estate Market Update Over the past 12 months, the Southern California markets covered by this report added 122,800 new jobs, and the total number of people claiming unemployment insurance dropped by almost 204,000. With these changes, the unemployment rate has dropped by two percentage points from 6.3% to 4.3%.
Market News Oregon and South West Washington Real Estate Market Update As a whole, Oregon’s labor market remains stronger than it has been in decades. Job growth in the second quarter was somewhat muted, but this is nothing to be concerned about. Businesses have expanded to pre-recession levels, so at this point hiring tends to be cyclical rather than expansionary.
Market News Western Washington Real Estate Market Update Washington State continues to see strong employment growth, outpacing national numbers with an annual rate of more than 3%. Interestingly enough, despite these substantial job gains, the unemployment rate remains stubbornly high at 5.8%. However, I’m not overly concerned about this because it’s largely due to a growing labor force rather than a declining job market.

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