Real Estate Updates

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Real Estate Updates How long can the global housing boom last? Three fundamental forces mean it could endure for some time yet NOVA SCOTIA’S largest city is known for a few things: a big national-security conference that takes place every autumn; a huge explosion that took place in 1917, causing immense devastation; and a small but impressive wine industry. It may soon be known for something […]
Real Estate Updates Seattle’s real estate year: historic, record-breaking and disturbing 2021 records show Seattle’s real estate year was crazier than we thought, and 2022 might be even crazier! This year has been a record-breaking, historic, and occasionally quite worrying year for Seattle real estate. But what were the most striking trends of 2021, and what do they help us predict about 2022? As the year […]
Real Estate Updates New Zoning of East Main Site in Bellevue May Create 1,500 Homes Near Light Rail Last week, Bellevue City Council approved a Land Use Code Amendment (LUCA) to allow for increased building density on a 60-acre site to the east of the future East Main light rail station. The unceremonious nature of Council’s vote to approve the LUCA at its last meeting of the year belied its importance as the […]
Real Estate Updates Amazon’s second chance: Bellevue gives tech giant an opportunity to reshape its regional legacy GeekWire explores what’s fueling the rise of Bellevue, Wash., the fast-growing tech hub located just east of Seattle. In this editorial series, we’ll explore key issues shaping this ever-changing city. BELLEVUE, Wash. — Amazon is poised to transform a major swath of this city, much as the company reshaped Seattle during the past 15 years. But […]
Real Estate Updates 2021 Holiday Message   Christmas 2021 Message.mp4 from Teck Chu on Vimeo.
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 […]
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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 […]
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 […]

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