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Market News Emerging Exurban Neighborhoods Where are the next housing hot spots? According to Windermere’s Chief Economist, Matthew Gardner, they are the communities that exist between urban neighborhoods and the suburbs.
Market News The Trump Administration’s Impact on U.S. Housing Will the Trump administration have an impact on the U.S. housing market? Windermere Chief Economist, Matthew Gardner, weighs in on how mortgage rates, inflation, and the possible repeal of Dodd-Frank could impact housing in the foreseeable future.
Market News Windermere’s Chief Economist Weighs in on White House Uncertainty Windermere Real Estate Chief Economist, Matthew Gardner, was interviewed by real estate industry news leader, Inman News, on what impact recent White House turmoil could have on the U.S. housing market. This is what he had to say:
Market News Oregon and Southwest Washington Real Estate Market Update Oregon State has added almost 40,000 new jobs over the past 12 months. The average home price in the region rose by 9.4% year-over-year to $334,299. This is down from 10.9% in the fourth quarter of 2016.
Market News Colorado Real Estate Market Update Annual employment in Colorado grew by a respectable 2.3% in February, which equated to about 64,000 new jobs over the past 12 months. Home prices remain well above historic highs and continue to trend upward. While there are very modest slowdowns in price growth—possibly a function of rising interest rates—they should continue to appreciate at above-average rates throughout 2017.
Market News Nevada Real Estate Market Update Employment in the Las Vegas area continues to improve, reporting a 3.2% increase compared to first quarter of last year, while the unemployment rate remained essentially the same. As of February, 966,300 people were employed in the Las Vegas market, up by 29,900 from February 2016. Another good sign is that the labor force continues to expand, suggesting that there is more confidence...
Market News Eastern Washington Real Estate Market Update Eastern Washington continues to see employment growth, albeit modest in some markets, as well as a decline in unemployment. It is still my expectation that we will continue to see the regional economy improving as we move through the balance of the year.
Market News Southern California Real Estate Market Update The markets covered by this report, which include Los Angeles, San Diego, San Bernardino, Orange, and Riverside Counties, added 115,900 new jobs between February 2016 and February 2017, and the unemployment rate dropped from 5.2% to 4.6%. This represents fewer new jobs than were seen in our last report, but as we continue to move toward “full employment”, a slowing in employment growth...
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Market News Western Washington Real Estate Market Update Washington State, as well as the markets that make up Western Washington, continues to see unemployment fall and I anticipate that we will see this rate drop further as we move through the year. In all, the economy continues to perform at or above average levels and 2017 will be another growth year
Market News Four Reasons Why Dodd-Frank Will Not Be Repealed Many worry about President Trump’s pledge to remove regulations relating to financial services and the rollback of the ‘Dodd-Frank Wall Street Reform and Consumer Protection Act’. For those who may be unware of this very substantial bill, it represented the most comprehensive financial regulatory reform measures taken since the Great Depression, and was a result of the financial crisis ...
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:
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.

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