October 27, 2016
Western Washington Real Estate Market Update
Posted in Market News and Western Washington Real Estate Market Update by Matthew Gardner, Chief Economist, Windermere Real Estate
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.
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September 08, 2016
Do You Have ‘Average’ Credit? If so, Getting a Mortgage May Be Tough
Posted in Inman News and Market News by Matthew Gardner, Chief Economist, Windermere Real Estate
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.
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August 03, 2016
Nevada Real Estate Market Update
Posted in Market News and Nevada Real Estate Market Update by Matthew Gardner, Chief Economist, Windermere Real Estate
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.
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August 02, 2016
Southern California Real Estate Market Update
Posted in Market News and Southern California Real Estate Market Update by Matthew Gardner, Chief Economist, Windermere Real Estate
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%.
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August 01, 2016
Oregon and South West Washington Real Estate Market Update
Posted in Market News and Oregon and Southwest Washington Real Estate Market Update by Matthew Gardner, Chief Economist, Windermere Real Estate
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.
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July 28, 2016
Western Washington Real Estate Market Update
Posted in Market News and Western Washington Real Estate Market Update by Matthew Gardner, Chief Economist, Windermere Real Estate
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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July 11, 2016
Will Rental Prices Continue to Escalate?
Posted in Economics 101 Videos and Market News by Matthew Gardner, Chief Economist, Windermere Real Estate
Over the last ten years, the U.S. has added more than nine million rental households, increasing demand on apartments throughout the country, escalating rental rates faster than wages. Windermere’s Chief Economist, Matthew Gardner, shares his view on what to expect for future of rental prices and when long-term renters will start to buy.
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July 06, 2016
Should We be Concerned about Another Housing Bubble?
Posted in Economics 101 Videos and Market News by Matthew Gardner, Chief Economist, Windermere Real Estate
Over the last several years, many of the circumstances that triggered the previous housing bubble have changed. Windermere’s Chief Economist, Matthew Gardner, breaks down how tax policy, bank regulations, interest rates, lending standards, and home equity have improved our ability to avoid another bubble.
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July 01, 2016
How will the 2016 Election Impact the Housing Market?
Posted in Economics 101 Videos and Market News by Matthew Gardner, Chief Economist, Windermere Real Estate
The 2016 presidential election will absolutely have an impact on the housing market and the U.S. Economy. What those impacts will be are dependent on who occupies the White House in 2017. Here what Windermere’s Chief Economist, Matthew Gardner, has to say about the influence each presidential candidate may have on the market.
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June 27, 2016
What We Know (and Don’t Know) About the Impact of Brexit
Posted in Market News by Matthew Gardner, Chief Economist, Windermere Real Estate
The decision of the British public to leave the European Union is a historic one for many reasons, not least of which was the almost uniform belief that there was absolutely no way that the public would vote to dissolve a partnership that had been in existence since the UK became a member nation back in 1973. However, rightly or not, the people decided that it was time to leave.
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