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 Oregon and Southwest Washington Real Estate Market Update I am pleased that we can, at last, say that the Oregon economy is expanding. Although this rate of expansion is certainly not at the level that I would like to see, it is now outperforming the U.S. as a whole, which is a promising sign.
Market News Western Washington I 2014 Third Quarter Market Update Our region’s economy continues to expand but the rate of growth is tapering. This is not surprising, and as long as we can continue to say that our region is growing at a faster rate than the country as a whole, we are in pretty good shape.
Market News Oregon and Southwest Washington Real Estate Market Update The markets covered by this report are seeing their labor forces grow, which is encouraging. More people are either looking for work or have obtained positions. I think that the temporary slowdown that was seen in June is just a blip and that the market will return to positive employment growth as we move through the rest of the summer.
Market News Western Washington I 2014 Second Quarter Market Update The average home price in Western Washington in the first half of 2014 was $355,335—up by 4.6 percent over the first half of 2013. As is seen in the chart to the right, all but four counties saw average sales prices rise compared to a year ago. Price growth has been tapering over the past year, but remains generally positive.
Market News Oregon and Southwest Washington I 2014 First Quarter Market Update Home prices are certainly influenced by the number, quality and mix of homes that are being offered for sale. Many times, markets with limited supply demonstrate stronger price growth than markets where inventory is less tight.
Market News Western Washington I 2014 First Quarter Market Update Washington State added just shy of 61,000 jobs over the past 12-month period, an annualized growth rate of 2.1 percent, while the markets covered by our report added 50,690 jobs (a 2.3 percent increase over a year ago).
Market News Oregon and Southwest Washington I 2013 Fourth Quarter Market Update The housing market continues to head higher in terms of both price and sales volumes. The number of homes for sale in the region is still well below historic levels, but I remain hopeful that 2014 will bring a much-needed boost to active inventory.
Market News Western Washington I 2013 Fourth Quarter Market Update It is fair to say that 2013 was a pretty good year for those who were either looking to get back into the job market, or entering it for the first time.
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Market News Mortgage Forgiveness Debt Relief Act Expires: IRS “Insolvency Clause” Offers Tax-Saving Protection The Mortgage Forgiveness Debt Relief Act expired December 31, 2013. The Act prevented homeowners who go through a short sale or foreclosure from being taxed on the amount of their mortgage debt that has been forgiven.
Market News Oregon and Southwest Washington I 2013 Third Quarter Market Update In the third quarter of 2013, the region reported 11,064 home sales—a modest decline of six percent over the second quarter of the year, but still a 17 percent increase over the same period in 2012. Year to date, there have been over 30,000 home sales, an increase of close to 5,000 units when compared to the same period a year ago.
Market News Western Washington I 2013 Third Quarter Market Update The double-digit price growth that we have experienced over the past year or so is set to taper—which is not a bad thing. It is pleasing to see an increase in homes for sale in many markets throughout Washington. The market is demonstrating stability, and buyers are increasingly comfortable with the view that home buying is not an inherent risk.
Market News The Government Shutdown: How It Could Impact Home Buyers There is much speculation on the impact that the current government shutdown will have on home buyers hoping to secure a mortgage. In the case of mortgage lending, the impact will depend on many things including the length of the shutdown, the current status of the loan, the borrower profile, and the lender’s modified guidelines during the shutdown period.
Market News Oregon and Southwest Washington | Second Quarter 2013, Volume XXII I expect that the market will continue to recover, relative to price, but I also expect to see price growth start to moderate, especially if interest rates continue trending upward.
Market News Western Washington | second quarter 2013, Volume XXII We have been looking for balance within the real estate market for several years now. During the crash, there were clearly far more sellers than buyers, but when we found the bottom of the market and prices started to rise, the tables were turned with considerably more buyers than sellers. In as much as we are still far from truly finding the market equilibrium that we have all been waiting for...
Market News The Gardner Report: Oregon & Southwest Washington I First Quarter 2013, Volume XXI On an annualized basis, the Oregon counties covered in this report increased employment by 0.92 percent, or approximately 15,590 jobs, a further—albeit modest—improvement from the 0.8 percent annual growth that was discussed in our last report. On a year-over-year basis, 19 counties saw their employment base expand and five saw employment contract.
Market News The Gardner Report: Western Washington, First Quarter 2013, Volume XXI Generally speaking, I see steady improvement in the regional economy, which is pleasing. Employment growth is evident in a vast majority of the counties analyzed in this report, and unemployment rates continue to improve.
Market News Gardner Report, Oregon and Southwest Washington | Fourth Quarter 2012, Volume X X The housing market in the state remains on a more solid footing with steady improvement seen pretty much across the board. Interest rates remain at or near historic lows which, when viewed in concert with the stability in home values, has acted as a catalyst and allowed many would-be buyers to get off the fence.
Market News Gardner Report, Western Washington | fourth quarter 2012, Volume X X Windermere Real Estate is proud to partner with Gardner Economics on this analysis of the Western Washington real estate market. This report is designed to offer insight into the realities of the housing market.
Market News 2013: Another Good Year for Housing Well, the time has come again to polish up the old crystal ball, gaze into it, and see what's in store for the housing market in 2013.
Market News How new finance legislation affects home owners, buyers and sellers Many home owners, buyers, and sellers have been carefully watching the new federal finance package passed on January 1, 2013 by both the U.S. House of Representatives and the Senate. This is because it included automatic tax increases as well as federal spending cuts that involve real estate programs.