Real Estate Updates

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Real Estate Updates Housing Market Update: Home Prices Up 2.2% In a Month, Bucking Typical Fall Slowdown Pending sales were 51% above 2019 levels, the largest 2-year increase since February. The median home sale price rose 2.2% from a month earlier during a time of year when prices typically flatten. It was up 13% from a year earlier, the biggest annual increase since September. As mortgage rates unexpectedly dipped back below 3% […]
Real Estate Updates 2022 Housing + Economic Forecast Hello there!  I’m Windermere Real Estate’s Chief Economist, Matthew Gardner, and welcome to the latest episode of Mondays with Matthew. Before I get started, I wanted to let you know that this will be the final episode of Monday with Matthew for 2021 as I’m going to be taking Christmas off. So it’s time to […]
Real Estate Updates Q3 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 As Big Tech Grows in the Pandemic, Seattle Grows With It Despite an overall decline in office leasing in the United States, technology companies gobbled up more space in the Seattle area than they had the previous year. The pandemic was a disaster for commercial real estate markets. In the Seattle area, it was a boon. In 2020, U.S. office leasing activity fell 36 percent from […]
Real Estate Updates A Master Class In Mortgage Rates   Hello there!  I’m Windermere Real Estate’s Chief Economist, Matthew Gardner, and welcome to the latest episode of Mondays with Matthew. A few weeks ago, one of my viewers on You Tube sent me a note asking when I was expecting mortgage rates to start to rise and, if I believed that they were going […]
Real Estate Updates Two Reasons Why Waiting a Year To Buy Could Cost You If you’re a renter with a desire to become a homeowner, or a homeowner who’s decided your current house no longer fits your needs, you may be hoping that waiting a year might mean better market conditions to purchase a home. To determine if you should buy now or wait, you need to ask yourself […]
Real Estate Updates As Home Equity Rises, So Does Your Wealth Homeownership is still a crucial part of the American dream. For those people who own a home (and those looking to buy one), it’s clear that being a homeowner has considerable benefits both emotionally and financially. In addition to long-term stability, buying a home is one of the best ways to increase your net worth. […]
Real Estate Updates How do Buyers & Sellers Feel about the Market? Hello there!  I’m Windermere Real Estate’s Chief Economist, Matthew Gardner, and welcome to the latest episode of Mondays with Matthew. Today we are going to take a look at the latest Home Purchase Sentiment Index survey that was just put out by Fannie Mae. And for those of you who may not be familiar with […]
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Real Estate Updates Which Area of Seattle Real Estate Didn’t Cool Off This August? The city’s naysayers won’t be happy. (Seattle Condos Coming back?) AS EXPECTED, our local real estate market took a bit of a breather this August. Across King County, activity and prices dipped month-over-month, according to the Northwest Multiple Listing Service’s latest home sale stats. Though some believe a hike in prices and sales this fall […]
Real Estate Updates What do the latest numbers say? Hello there!  I’m Windermere Real Estate’s Chief Economist, Matthew Gardner, and welcome to the latest episode of Mondays with Matthew. Today I wanted to take a look at the several housing related data releases that came out in August, and I am going to start off with the new home sector and the July numbers […]
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 […]
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, […]

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