What to Expect in Housing Affordability

What to Expect in Housing Affordability | Windermere Blog | Windermere Real Estate Posted in Economics 101 Videos and Market News by Matthew Gardner, Chief Economist, Windermere Real Estate What keeps Windermere’s Chief Economist, Matthew Gardner, up at night? Housing affordability. As the U.S. Population moves towards both coasts and the Southwest, putting upward pressure…

The Trump effect. How will it impact the US economy and housing?

Posted in Market News by Matthew Gardner, Chief Economist, Windermere Real Estate  The American people have spoken and they have elected Donald J. Trump as the 45th president of the United States. Change was clearly demanded, and change is what we will have. The election was a shock for many, especially on the West Coast…

Seattle Is Diverse as Ever

According to the FYI Guy and the geographic diversity index, Seattle ranked #3 with a score of 79.3, only behind Las Vegas and Colorado Springs. In fact, the Seattle Times states that “if you were to compare any two Seattleites at random, there’s about a 79 percent chance they were born in different areas of…

Market News from Matthew Gardner

Historically low inventory levels, how we got here, and what to expect in the coming year 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…

A Peek into the Future

The International CES (Consumer Electronics Show) trade show took place last week in Las Vegas. If you thought last year’s best technology from CES was cool, this year brings a whole new meaning to “innovation.” Samsung Family Hub Smart Refrigerator Samsung’s latest smart device was unveiled at CES this year and it might be something you have to see…

2016 Economic & Housing Forecast

The National Economic Forecast 1.The U.S. will continue to expand with real GDP growth of 2.3% in 2016. Although a positive number, the forecasted rate of growth suggests that we will be modestly underperforming in 2016.  On a positive note, oil prices are likely to remain well below long-term averages, which puts more money into…

The Windermere Foundation Wildfire Fund

We are deeply concerned about the ongoing impact of wildfires throughout the Western United States this year. Eastern and Western Washington, Oregon, Idaho, California and Western Montana have been hit particularly hard by rampant wildfires this summer. According to the National Interagency Fire Center, 65 known fires are raging throughout the states we serve, displacing…

Will millennials be ‘perma-renters’?

This article originally appeared on Inman.com  Several factors have kept this generation renting, but they won’t last forever Takeaways: Many believe that millennials will continue to be renters and not homeowners for various reasons. The first of the millennials were not even in a position to consider buying until roughly 2008. Credit has become tighter for…

Excellence In Innovation

Windermere President OB Jacobi shared a message with Windermere brokers after the company’s recent nomination for the Inman Innovator Award for Most Innovative Real Estate Company. Who among us doesn’t like being recognized for their hard work? Well, today is one of those days that we should all be proud to be a part of…

Homeownership Has Declined, But It Won’t Be Forever

In addition to talking about housing bubbles, another topic that is becoming popular among housing scaremongers is the ongoing decline in the U.S. homeownership rate. Remarks range from the direct, “American homeownership is at its lowest level in more than two decades,” to the downright inflammatory, “Rental surge to drop homeownership rate to 61.3% by…

A New Addition to the Seattle Skyline

A year ago, construction of The Mark started where the former Fifth and Columbia Tower used to stand. Designed by Zimmer Gunsul Frasca, this 200 meter-tall skyscraper will consist of 44 floors and is set to be completed in April 2017. Part office, part hotel, it will be the tallest building completed in Seattle since 1990 (fifth tallest overall). In…