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Local Market News Will Rising Foreclosures Impact the Housing Market Rising U.S. Foreclosures The market has certainly shifted since mortgage rates started skyrocketing last year and, with prices pulling back across much of the country, some have started to become concerned about the likelihood of foreclosures rising-clearly a timely topic given current circumstances. Hello there! I’m Windermere Real Estate’s Chief Economist Matthew Gardner and for […]
Local Market News Renting vs. Buying a Home: The Financial Benefits of Homeownership Renting vs. Buying a Home One of my followers asked me about some of the financial benefits of owning your home as opposed to renting. I find this topic interesting as there really is a “laundry list” of reasons that, from a financial standpoint, owning a home is better than renting. I’m Matthew Gardner Chief Economist […]
Local Market News Matthew Gardner’s Top 10 Predictions for 2023 Matthew Gardner’s Top 10 Predictions for 2023 1. There Is No Housing Bubble Mortgage rates rose steeply in 2022 which, when coupled with the massive run-up in home prices, has some suggesting that we are recreating the housing bubble of 2007. But that could not be further from the truth. Over the past couple of […]
Economy Are We in a Housing Recession?   Hello there, I’m Windermere’s Chief Economist Matthew Gardner and welcome to this month’s episode of Monday with Matthew. A little while ago, a housing analyst was being interviewed about the current state of the residential market and they suggested that the country is in a “housing recession.” Well, needless to say, this got a lot of attention from […]
Economy The Continued Decline of the Housing Market Index Hello there, I’m Windermere’s Chief Economist Matthew Gardner and welcome to this month’s episode of Monday with Matthew. Today we are going to take a look at the new home market where headwinds are certainly growing. And the reason this particular subject piqued my interest was that the National Association of Home Builders just released their Housing Market Index for August, and […]
Local Market News The Growing Housing Affordability Problem This video is the latest in our Monday with Matthew series with Windermere Chief Economist Matthew Gardner. Each month, he analyzes the most up-to-date U.S. housing data to keep you well-informed about what’s going on in the real estate market.  Hello there, I’m Windermere’s Chief Economist Matthew Gardner and welcome to this month’s episode of […]
Local Market News Q4 2021 Western Washington Real Estate Market Update The following analysis of the Western Washington real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to contact your Windermere Real Estate agent. Regional […]
Economy Q2 2021 Western Washington Real Estate Market Update The following analysis of the Western Washington real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to contact your Windermere Real Estate agent.   […]
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Economy New Bellevue Projects Promise a Busy Future It appears bustling Bellevue has an ever-busier future on the horizon. Already the site of a growing Amazon presence outside of Seattle, the city now has quite a few significant construction projects in the works, including new office space, residential towers and a huge mixed-use project. Set among Amazon’s leased office buildings, a new luxury […]
Local Market News Local Market Update – April 2020   Despite a bump in new listings the supply of homes still can’t keep up with the demand. The result? Multiple offers, escalation clauses, and record-breaking prices. If you’re considering selling your home, you’d be hard pressed to find a more lucrative market than what we have today. March marked the first post-COVID/pre-COVID comparison, and […]
Buying a Home 3 Reasons We’re Definitely Not in a Housing Bubble Home values appreciated by about ten percent in 2020, and they’re forecast to appreciate by about five percent this year. This has some voicing concern that we may be in another housing bubble like the one we experienced a little over a decade ago. Here are three reasons why this market is totally different. 1. […]
Local Market News Which Local Neighborhoods Closed Strongest in 2020? It’s no question that 2020 was an unprecedented year in just about every way possible — including real estate. Low inventory and high demand sent home prices skyrocketing, ratcheting up the competition in King County’s already hot market. This competition didn’t slow down in the winter months either, as neighborhoods continued to see a rise […]
Community News Seattle Remains No.2 City for Relocation, Despite Remote Work Options Much work in 2020 has shifted from high rises and board rooms to home offices and video calls. While some employees are itching to get back to the office and resume business as usual, it was initially believed that another subset of Seattle’s sizeable tech force was considering life outside the city. This prediction was […]
Local Market News Local Market Update – November 2020 The number of people who can work remotely may be changing the way we view our homes, but one trend has not changed. The local housing market in October remained unseasonably hot. And that doesn’t show signs of changing any time soon. October saw continued low inventory and record-level sales, with the number of sales […]
Economy Local Market Update – September 2020 August saw the lowest number of homes for sale in more than 20 years and the lowest mortgage rates on record. Sparse inventory and high demand pushed home prices to new highs. With pending sales outpacing new listings, inventory continues to shrink. King and Snohomish counties each have about a two-week supply of available homes. […]
Community News How Is Remote Work Changing Homebuyer Needs?   With more companies figuring out how to efficiently and effectively enable their employees to work remotely (and for longer than most of us initially expected), homeowners throughout the country are re-evaluating their needs. Do I still need to live close to my company’s office building? Do I need a larger home with more office space? […]
Community News Seattle Poised for Faster Recovery than Many Other Cities   It may feel like a tired refrain after nearly three months of quarantine, but it remains true: it’s still too early to truly tell the toll COVID-19 will take on our economy — both locally and nationally — until we are able to fully reopen and jumpstart  area businesses. Thanks to our diversified economy, […]
Economy Windermere Insights: How COVID-19 is really impacting local real estate   The challenges presented by COVID-19 have been felt locally by every home buyer, seller and real estate broker. Residential real estate, which was moving at breakneck speed through February, came to a screeching halt for two weeks in March after the initial Stay Home order was implemented. As soon as Governor Inslee declared real […]
Economy Western Washington Real Estate Market Update   The following analysis of the Western Washington real estate market is provided by Windermere Real Estate Chief Economist, Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to contact your Windermere agent.   A […]
Community News Use Seattle’s New Data Portal to Track Housing Affordability, Stats, & More The City of Seattle recently unveiled Performance Seattle: a website where residents and government employees can dig into what’s going on in our city and see how well Seattle is performing. The site currently houses seven dashboards, tracking the city’s performance on everything from basic services to housing affordability to homelessness. It illustrates the city’s progress with data visualizations like graphs, maps and charts […]
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