Real Estate Updates

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Real Estate Updates Home Prices In Bellevue Area Increased Recently National home prices are have surged over the past year; The Bellevue area was no exception. BELLEVUE, WA — Nationally, home prices increased in the last year at the fastest rate since the 1970s, but the rate of increase is expected to slow between 2021 and 2022. Prices increased 3.0 percent from April to May […]
Real Estate Updates Urban slowdown: Suburbs grew faster than Seattle in 2021 Will the 2020s be the decade of suburban revival? The 2010s saw an urban renaissance in a number of U.S. cities, including Seattle. For most of the 2010s, during Seattle’s population boom, the city’s growth outpaced that of surrounding King County. That was a remarkable development because before the 2010s, it hadn’t happened for roughly 100 […]
Real Estate Updates 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. REGIONAL […]
Real Estate Updates Monday with Matthew: Has the Forbearance Program Been a Success? Hello there!  I’m Windermere Real Estate’s Chief Economist, Matthew Gardner, and welcome to the latest episode of Mondays with Matthew. This month, we are going to take another look at forbearance activity across the U.S.  Now I know that we have talked about this subject several times over the past year, but it is worthwhile […]
Real Estate Updates Homes away from downtown Seattle are appreciating faster than homes within a short commute Home prices in the Seattle metro area mirror a new trend now apparent in many of the nation’s largest metros: homes in the heart of the city are appreciating at a slower rate than homes located away from downtown. Seattle homes that have gained the most value over the last two years are ones 51 to 60 […]
Real Estate Updates These 10 Cities Are The Ultimate Seller’s Markets Of 2021 Sellers have benefitted immensely from the rebound in homebuying that has occurred in the wake of the pandemic. Across the United States, dozens upon dozens of major housing markets have tipped heavily in favor of sellers, with inventories of available homes for sale declining all over. As a result, sales prices have begun to surge […]
Real Estate Updates Why Have Home Prices Risen so Much? Hello! I’m Matthew Gardner, Chief Economist for Windermere Real Estate and welcome to this latest edition of Mondays with Matthew. Before I get going with this months’ discussion, I did want to thank you for all the very gracious comments I received following last month’s video when I offered my views regarding the rumor that’s […]
Real Estate Updates What the World’s Most Successful Real Estate Investor Is Buying By Peter Eichenbaum June 10, 2021, 9:01 PM PDT Bloomberg Wealth Blackstone Group Inc. President Jon Gray has some advice for investors looking to make sense of the wild real estate market in the U.S: Don’t fear a bust anytime soon. Home prices have surged the most since 2005, cheap mortgages are encouraging buyers toward new homes, and building […]
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Real Estate Updates Should Young Adults Stretch Financially to Buy a Home? Yes, interest rates are still low. The counterargument: It’s a sellers’ housing market.  It is a complex time to be a young home buyer. Mortgage rates are near-historic lows, which is luring many people—including first-time buyers—into the housing market. In 2020, sales of previously owned homes surged to their highest level in 14 years, and […]
Real Estate Updates Seattle’s ‘strong, chaotic’ housing market saw record-breaking price increases in May Seattle’s intensely competitive housing market continued to see record-breaking growth in May, and the summer season is looking to be just as hot as low inventory in the region persists. A new report from the Northwest Multiple Listing Service found median sale prices for homes in the region soared 30% compared to a year ago, […]
Real Estate Updates June 2021 Market Report – Eastside & Seattle This has been such a remarkable year so far and the June market report shows more of the same astonishing results. For the Eastside: • Median closed sales price $1,298,475 (up 37% over 2020) • 78% of homes sold for over the list price with an average of 4 days on the market • The […]
Real Estate Updates Matthew Gardner: What You Should Know About Today’s Real Estate Market If you’re involved in the housing market, and I assume that most of you are, you know very well that this is a numbers business. All of us are surrounded by housing-related data day in and day out, and it can become a little overwhelming at times — even for an economist like myself. Well, today I’d […]
Real Estate Updates 5 trends fueling one of the hottest housing markets in US history The housing market is on fire. What began as a pickup in demand early in the pandemic has evolved into an all-out buying spree. Sales of new and previously owned homes, while off their peaks, remain elevated. Construction has picked up somewhat, but contractors are struggling to shore up supply. With inventory sitting near record […]
Real Estate Updates Monday with Matthew: Is a Housing Bubble on the Horizon? In an op-ed for Inman News earlier this month, Matthew Gardner gave his take on the ongoing speculation that a U.S. housing bubble is imminent. He dives deeper into the data in this week’s episode of “Monday with Matthew.”
Real Estate Updates Local Market Update – May 2021 A sizeable increase in new listings in April offered some good news for buyers, but it was matched by an even greater increase in sales. With supplies depleted, and homes being snapped up within days, nearly every area saw double-digit price gains. The current forecast as we head towards summer: the market remains as hot […]
Real Estate Updates The Gardner Report – Q1 2021 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. REGIONAL ECONOMIC OVERVIEW […]

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