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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June 07, 2016
What is the Case-Schiller Home Price Report and why does it Matter?
Posted in Economics 101 Videos and Market News by Matthew Gardner, Chief Economist, Windermere Real Estate
The S&P/Case-Shiller Home Price Indices is a monthly report that analyzes housing data in major metropolitan areas across the U.S. Windermere’s Chief Economist, Matthew Gardner explains what this report is and why we use it to assess the strength of the housing market.
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May 25, 2016
How a Federal Interest Rate Hike Impacts Mortgage Rates
Posted in Economics 101 Videos and Market News by Matthew Gardner, Chief Economist, Windermere Real Estate
When the Federal Reserve announces a change in interest rates, it makes headlines. But does the federal interest rate directly impact your mortgage rate? See what Windermere’s Chief Economist, Matthew Gardner has to say.
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May 16, 2016
Historically low inventory levels, how we got here, and what to expect in the coming year
Posted in Market News by Matthew Gardner, Chief Economist, Windermere Real Estate
The housing market is performing remarkably well, with the exception of incredibly low inventory levels in many areas throughout the country. Why is this happening? Windermere’s Chief Economist, Matthew Gardner, explains why and offers his predictions for what we can expect in the future.
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May 09, 2016
Nevada Real Estate Market Update
Posted in Market News and Nevada Real Estate Market Update by Matthew Gardner, Chief Economist, Windermere Real Estate
After losing over 134,000 jobs during the Great Recession, the Las Vegas metropolitan area has recovered all of those jobs and employment is now at an all-time high of 934,600. Year-over-year, the market added 24,600 new jobs. This is up from the annual pace of 21,300 jobs seen at the end of last year, but below the average annual rate of 32,700 seen through the whole of 2015.
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May 06, 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
Southern California continues to add jobs but the rate of increase has started to taper. Through the end of the first quarter of 2016, the counties that make up this report added 71,100 new jobs, and year-over-year, employment is up by 196,100 total jobs for a growth rate of 2.1%. Regional unemployment remains steady or is dropping modestly, and most counties are at or approaching full employment.
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