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Local Market Update

In the waning days of summer, the local real estate market saw rising sold prices, declining mortgage rates and rising inventory. The price trend shows that sellers are still seeing gains by listing their homes. The rate and supply trends are motivating buyers to be active in the market this fall. As of the second […]
Market News

Local Market Update – August 2024

The lazy days of summer are upon us, but home and condo sales are not the least bit idle. Just last month every area in this report saw more homes sell and for higher median prices than a year ago. And this month we’ve witnessed the year’s single biggest one-week drop-in mortgage rates, which have […]
Market News

Local Market Update – June 2024

The numbers are in, and last month’s real estate sales data in our region told two tales. The first is of a market that has had far more demand than supply, with rising prices and quickening market times reflecting this imbalance. The second tale is of a market attracting the attention of sellers eager to […]
Market News

10 Housing Predictions for 2024

Matthew Gardner’s Top 10 Predictions for 2024 1. Still no housing bubble This was number one on my list last year and, so far, my forecast was spot on. The reason why I’m calling it out again is because the market performed better in 2023 than I expected. Continued price growth, combined with significantly higher mortgage rates, […]

Market News Local Market Update In the waning days of summer, the local real estate market saw rising sold prices, declining mortgage rates and rising inventory. The price trend shows that sellers are still seeing gains by listing their homes. The rate and supply trends are motivating buyers to be active in the market this fall. As of the second […]

Market News Local Market Update – August 2024 The lazy days of summer are upon us, but home and condo sales are not the least bit idle. Just last month every area in this report saw more homes sell and for higher median prices than a year ago. And this month we’ve witnessed the year’s single biggest one-week drop-in mortgage rates, which have […]

Market News Local Market Update – June 2024 The numbers are in, and last month’s real estate sales data in our region told two tales. The first is of a market that has had far more demand than supply, with rising prices and quickening market times reflecting this imbalance. The second tale is of a market attracting the attention of sellers eager to […]

Market News 10 Housing Predictions for 2024 Matthew Gardner’s Top 10 Predictions for 2024 1. Still no housing bubble This was number one on my list last year and, so far, my forecast was spot on. The reason why I’m calling it out again is because the market performed better in 2023 than I expected. Continued price growth, combined with significantly higher mortgage rates, […]

Market News Q3 Western Washington Gardner Report The following analysis of select counties 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 me. Regional Economic […]

Market News U.S. Housing Market 2023 Hello there, I’m Windermere Real Estate’s Chief Economist Matthew Gardner and welcome to this month’s episode of Monday with Matthew. The National Association of REALTORS® released their data on the U.S. housing market in August, and it contained a few things which I found interesting and wanted to share with you. U.S. Housing Market 2023: Home Prices, […]

Market News How Low Inventory Is Affecting the Housing Market Low Inventory Housing Market Hello there, I’m Windermere Real Estate’s Chief Economist Matthew Gardner and welcome to this month’s episode of Monday with Matthew. As we are all aware, the housing market has softened considerably with the number of existing homes available to buy close to record lows. Today we are going to talk about supply, and how the […]

Market News GARDNER REPORT – Q2 2023 WESTERN WASHINGTON [Gardner Report by Windermere’s Chief Economist, Matthew Gardner] ECONOMIC OVERVIEW: As discussed in the first quarter Gardner Report, job growth continues to slow. Even though Western Washington added 54,391 new jobs over the past 12 months, which represented a decent growth rate of 2.3%, the slowdown in the creation of new jobs is palpable. The […]

Market News Local Market Update – July 2023 This summer’s local housing market is seeing low inventory feed higher prices, putting the squeeze on would-be buyers. June is typically the month where home prices reach their apex, and last month was no exception as King and Snohomish counties’ prices neared the peaks seen during the sugar high of the pandemic market. Approximately 80% […]

Market News Top 10 Real Estate Market Predictions 2023 | Mid-Year Update The following predictions were made last November by Windermere’s chief economist, Matthew Gardner. They covered everything from expectations for home sales and prices, to shifting government policies. Let’s see how these predictions actually held up. Hello there, I’m Windermere Real Estate’s Chief Economist Matthew Gardner and you may remember that at the end of last […]

Market News Would the FHFA Mortgage Fee Changes Have Favored Buyers with Low Credit Scores? FHFA Mortgage Fee Changes Hello there, I’m Windermere Real Estate’s Chief Economist Matthew Gardner, and welcome to this month’s episode of Monday with Matthew. As most of you are aware, the Federal Housing Finance Authority announced that they were going to raise the upfront fees for mortgages backed by Fannie Mae and Freddie Mac, and that led to significant […]

Market News Q1 2023 Western Washington Real Estate Market Overview The following analysis of select counties 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 me! Regional Economic […]

Market News The Current State of the U.S. Housing Market- April 2023 As usual, a little perspective. Between 1990 and the pre-bubble peak in 2006, home prices rose by 142%, which was a pretty impressive annual increase of 5.6% over a 16 1/2-year period. When the market crashed, prices dropped by 33%, but from the 2012 low to today, prices have risen by 131%, or at an even […]

Market News Local Market Update April 2023 Spring has truly arrived in our region, with longer days and blooming cherry blossoms. Along with these harbingers of the season, the pace of the local real estate market has also picked up, indicating that the spring market is finally here. An uptick in new listings and price gains in the last month demonstrates a […]

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. Windermere Real Estate’s Chief Economist Matthew Gardner monthly episode of Monday with […]

Market News March Local Market Update A recent surge in purchase activity indicates that the early spring real estate market is in full swing in our region. Fluctuating interest rates have caused some buyers to converge on properly-priced listings when rates are down, while potential sellers have been hesitant to let go of the historically low mortgages they have on their […]

Market News Local Market Update – February 2023 According to Windermere’s Chief Economist Matthew Gardner, taking an annual average “is better than comparing this month to this month.” For example, inventory across the Puget Sound region is up almost 200% year-over-year. When compared to the number of active listings during the last pre-pandemic year, the current number falls short by about 30%. This […]

Market News Q4 2022 Western Washington Real Estate Market Update The following analysis of select counties 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 […]

Market News 2023 Real Estate Forecast: Why This Market Won’t Be Like 2008 2023 Real Estate Forecast Existing Home Sales & Forecast Image Source: Matthew Gardner As Chief Economist for Windermere Real Estate, Matthew Gardner is responsible for analyzing and interpreting economic data and its impact on the real estate market on both a local and national level. Matthew has over 30 years of professional experience both in […]

Market News Matthew Gardner’s Top 10 Predictions for 2023 WATCH THE VIDEO HERE! Windermere’s Chief Economist Matthew Gardner’s Top 10 Predictions for 2023. 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. 1. There Is No Housing Bubble Mortgage rates rose steeply in 2022 which, when coupled with the massive […]