September 13, 2018
Challenges Builders Face With New Construction
Posted in Economics 101 Videos by Matthew Gardner, Chief Economist, Windermere Real Estate
Housing demand remains high across the Western United States, but home-building is still struggling to keep up. What can be done to help encourage construction of new homes? Windermere Real Estate's Chief Economist Matthew Gardner has insight.
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September 12, 2018
5 Reasons Rising Interest Rates Won't Wreck the Housing Market
Posted in Market News by Matthew Gardner, Chief Economist, Windermere Real Estate
Interest rates have been trending higher since the fall of 2017, and I fully expect they will continue in that direction – albeit relatively slowly – as we move through the balance of the year and into 2019. So what does this mean for the US housing market? It might come as a surprise to learn that I really don’t think rising interest rates will have a major impact on the housing market...
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September 05, 2018
What You Need to Know About the US Luxury Housing Market
Posted in Luxury by Matthew Gardner, Chief Economist, Windermere Real Estate
Luxury homes sales across the U.S. continue to perform strongly, but I’m noticing some headwinds starting to appear that are worthy of a closer look. It’s often thought that luxury real estate runs totally independent of the overall market, and while this is true in some respects, there are definitely correlations between high-end housing and the rest of the market.
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August 30, 2018
How Restrictive Growth Policies Affect Housing Affordability In Many Cities
Posted in Economics 101 Videos by Matthew Gardner, Chief Economist, Windermere Real Estate
Windermere Real Estate Chief Economist Matthew Gardner explains how restrictive growth policies are affecting housing affordability in many cities.
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August 16, 2018
How Zoning and Regulatory Costs Impact Housing Affordability
Posted in Economics 101 Videos by Matthew Gardner, Chief Economist, Windermere Real Estate
Windermere Real Estate Chief Economist Matthew Gardner explains the ways zoning rules and regulatory costs can limit housing affordability.
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August 09, 2018
Montana Real Estate Market Update
Posted in Montana Real Estate Market Update by Matthew Gardner, Chief Economist, Windermere Real Estate
According to the Labor Department, Montana added 2,900 non-agricultural jobs over the past 12 months, representing an annual growth rate of 0.6%. For perspective, the U.S growth rate is running at about 1.6%. Although the state has experienced significant increases in employment since the last recession, the pace of growth has slowed significantly, which is mainly due to a lack of workers...
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August 08, 2018
Oregon and Southwest Washington Real Estate Market Update
Posted in Oregon and Southwest Washington Real Estate Market Update by Matthew Gardner, Chief Economist, Windermere Real Estate
The State of Oregon has added 30,400 new jobs over the past 12 months, representing a reasonable annual growth rate of 1.6%. It is clear, however, that job growth in Oregon has started to taper, with the annual rate dropping below 2% in the early spring of this year. This is no great cause for concern as the state has essentially reached full employment, which tends to slow employment growth...
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August 07, 2018
Idaho Real Estate Market Update
Posted in Idaho Real Estate Market Update by Matthew Gardner, Chief Economist, Windermere Real Estate
Job growth in Idaho tapered somewhat over the past few months but the state is still adding jobs at a fair pace. In total, the state has added 21,800 new jobs over the past 12 months, representing a solid growth rate of 3.1%. In May, the state unemployment rate was 3.1%, down from 3.4% a year ago. The state is, essentially, at full employment but I still stand by my forecast that Idaho will...
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August 06, 2018
Central Washington Real Estate Market Update
Posted in Central Washington Real Estate Market Update by Matthew Gardner, Chief Economist, Windermere Real Estate
The Washington State economy added 83,900 new jobs over the past 12 months, representing an annual growth rate of 2.5%. This is a slowdown from the last quarter, but employment growth remains well above the national rate of 1.6%. Employment gains continue to be robust in the private sector, which was up by 2.8%. The public sector (government) grew by a more modest 1.1%. Last quarter...
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August 03, 2018
Utah Real Estate Market Update
Posted in Utah Real Estate Market Update by Matthew Gardner, Chief Economist, Windermere Real Estate
According to the Labor Department, Utah added 49,800 non-agricultural jobs over the past 12 months, representing a substantial growth rate of 3.4%. For perspective, the U.S growth rate is running at about 1.6%. Monthly employment gains have averaged 4,520 new jobs per month so far in 2018. I am becoming increasingly confident that we will end the year having added 50,000 new jobs...
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