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November 10, 2017
Utah Real Estate Market Update
Posted in Utah Real Estate Market Update by Matthew Gardner, Chief Economist, Windermere Real Estate
The State of Utah added 37,300 non-agricultural jobs over the past 12 months, a growth of 2.6%. Although this represents a slowing in employment gains, it is not a cause for concern because the economy is running at full employment and only so many new jobs can be created. That said, my latest forecast model is suggesting that the pace of employment growth is likely to kick back up...
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November 06, 2017
Idaho Real Estate Market Update
Posted in Idaho Real Estate Market Update by Matthew Gardner, Chief Economist, Windermere Real Estate
Idaho added 15,000 new jobs over the past 12 months, a growth of 2.1%. We have noticed a drop in the annual growth rate compared to 2016 but this is nothing to be concerned about. The state is at full employment and it is natural to see a slowdown in growth at this point in the economic cycle.
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November 03, 2017
Central Washington Real Estate Market Update
Posted in Central Washington Real Estate Market Update by Matthew Gardner, Chief Economist, Windermere Real Estate
The Washington State economy added 79,600 new jobs over the past 12 months. This impressive growth rate—2.4%—is well above the national rate of 1.2%. However, as we anticipated in last quarter’s report, we are seeing a modest slowdown in the growth rate as the state moves closer to full employment. Expansion has taken place in all major job sectors other than Aerospace...
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November 02, 2017
Oregon and Southwest Washington Real Estate Market Update
Posted in Oregon and Southwest Washington Real Estate Market Update by Matthew Gardner, Chief Economist, Windermere Real Estate
The State of Oregon has added 37,400 new jobs over the past 12 months, with solid gains in Construction (+11,600), Education & Health Services (+9,000), and Trade, Transportation & Utilities (+8,000) sectors. Year-over-year, employment in Oregon has risen 2.0%. In September, the state unemployment rate was 4.2%—up from 3.7% at the end of the second quarter but down from 4.9% in September 2016.
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November 01, 2017
Eastern Washington Real Estate Market Update
Posted in Eastern Washington Real Estate Market Update by Matthew Gardner, Chief Economist, Windermere Real Estate
Employment growth in Washington State continues to slow as it moves closer to full employment. The state added 79,600 jobs between August 2016 and August 2017, and I still predict that we will see an additional 70,000 jobs by the end of the year. Eastern Washington has seen a pickup in employment, with 15,307 jobs added over the past 12 months.
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October 31, 2017
Colorado Real Estate Market Update
Posted in Colorado Real Estate Market Update by Matthew Gardner, Chief Economist, Windermere Real Estate
Colorado added 45,800 non-agricultural jobs over the past 12 months, a growth rate of 1.8%. Within the metropolitan market areas included in this report, annual employment growth was seen in all areas other than Grand Junction (where employment was stable) with substantial growth seen in Fort Collins (4.6%) and Greeley (3.5%).
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October 30, 2017
Southern California Real Estate Market Update
Posted in Southern California Real Estate Market Update by Matthew Gardner, Chief Economist, Windermere Real Estate
The counties covered by this report—Los Angeles, San Diego, San Bernardino, Orange, and Riverside—added 108,500 new jobs between August 2016 and August 2017. As a result, the unemployment rate dropped from 5.5% to 5.3%. As noted in last quarter’s report, employment growth in the Southern California market continues to taper, but the economy is still expanding and this will certainly continue.
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October 27, 2017
Nevada Real Estate Market Update
Posted in Nevada Real Estate Market Update by Matthew Gardner, Chief Economist, Windermere Real Estate
Employment in the Las Vegas metropolitan area continues to moderate from the substantial growth of the past few years, but the region still experienced impressive annual employment growth of 3%. The market has added 28,400 new jobs over the past 12 months. With this growth in employment, the unemployment rate came in at 5.2%.
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October 26, 2017
Western Washington Real Estate Market Update
Posted in Western Washington Real Estate Market Update by Matthew Gardner, Chief Economist, Windermere Real Estate
The Washington State economy added 79,600 new jobs over the past 12 months—an impressive growth rate of 2.4% , and well above the national growth rate of 1.2%. However, as we anticipated in last quarter’s report, we continue to see a modest slowdown in the growth rate as the state grows closer to full employment.
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September 20, 2017
New Home Construction
Posted in Economics 101 Videos by Matthew Gardner, Chief Economist, Windermere Real Estate
Developers are not building enough single family homes to keep up with demand. The reason why? Cost. Windermere's Chief Economist, Matthew Gardner explains why new construction is so cost prohibitive and how to shift the trend.
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