Good News – Nationwide Mortgage Delinquency Rates are Down

Matthew Gardner, Windermere Real Estate’s Chief Economist, is back from vacation (sporting a new look) and talks about the relatively unknown U.S. Household Debt and Credit Report. While this may not sound very sexy, it actually contains interesting information. The report provides insights and data on national housing finance. Not surprising, mortgages and student debt represent the largest debt numbers, but the good news is that mortgage delinquency rates are down. Take a quick look, and have a great week.

 


Posted on August 24, 2020 at 11:35 AM
Robin Myers | Posted in economy, real estate, Windermere Real Estate | Tagged , , , , , ,

Understanding the Case Shiller Home Price Index

This week Matthew Gardner, Chief Economist with Windermere Real Estate, explains the Case Shiller Home Price Index which has accumulated data over the last 130 years of home prices in 20 major cities in the United States.

 

 


Posted on August 4, 2020 at 2:37 PM
Robin Myers | Posted in condominium speciaist, economy, real estate, Windermere Real Estate | Tagged , , , ,

How Much Are Home Values Expected to Increase in 2020?

This week Matthew Gardner, Windermere Real Estate’s Chief Economist, provides an update to his 2020 housing forecast. Interesting economic information relating to the local and nationwide real estate market.

 


Posted on July 28, 2020 at 2:29 PM
Robin Myers | Posted in condominium speciaist, condominiums, economy, real estate, Windermere Real Estate | Tagged , , , , , , , , ,

Matthew Gardner – The Importance of the National Housing Survey

Started in 2010, the information in the National Housing Survey contains information about consumer attitude, intentions and financial confidence as it relates specifically to housing.

 

 


Posted on July 20, 2020 at 3:27 PM
Robin Myers | Posted in economy, housing market, real estate, Windermere Real Estate | Tagged , , , , ,

COVID-19 Impact on the Housing Market – You Might Be Surprised


Posted on July 13, 2020 at 2:09 PM
Robin Myers | Posted in economy, home property values, real estate | Tagged , , , , , , , , ,

The Important Role First Time Buyers Play in the Long Term Housing Market

This week Matthew Gardner, Windermere Chief Economist, speaks to the importance first time buyers will play in the recovery of the country’s housing market.

 


Posted on July 7, 2020 at 1:39 PM
Robin Myers | Posted in affordable housing, condominiums, economy, real estate | Tagged , , , , , , ,

Can We Expect to See More Entry Level Affordable Housing In the Future?

This week Matthew Gardner, Chief Economist for Windermere Real Estate, discusses housing affordability and what we can expect moving forward. On average median housing prices nationwide are have increased by 23.5% above the 2008/2009 recession. While there has been some impact on values due to COVID-19, high demand from buyers in a market with limited inventory will continue to increase prices. What’s the solution? There’s high demand for entry level housing, but there’s no easy answer as to how to create affordability.


Posted on June 29, 2020 at 2:50 PM
Robin Myers | Posted in affordable housing, condominium speciaist, economy, real estate, Windermere Real Estate | Tagged , , , ,

How Close Are We to Getting Back to Normal?

This week Matthew Gardner, Windermere’s Chief Economist, looks at high frequency data sets, data that is issued more frequently than the typical monthly or quarterly reports we’re used to reading. Using data from¬† real estate, hospitality and travel sources Matthew provides interesting information on how close our economic growth is to getting back to normal.


Posted on June 23, 2020 at 11:34 AM
Robin Myers | Posted in condominium speciaist, economy, housing market, real estate, Windermere Real Estate |

Mortgage Forbearance – Where are We Today?

This week Matthew Gardner, Chief Economist with Windermere Real Estate, provides updated news about the mortgage forbearance program. The program has provided a safety net for homeowners but isn’t likely to have any long term negative economic impact.

 


Posted on June 15, 2020 at 11:50 AM
Robin Myers | Posted in condominium speciaist, economy, housing market, real estate, Windermere | Tagged , , , , , , ,

How’s the Local Real Estate Market?

We’re 12 weeks into more experience dealing with the impact of COVID-19 on the economy and specifically the local real estate market. After a significant market decline in new listings, buyer interest and closed sales in March and April (not at all surprising) real estate came back strong starting in early May.

  • the number of pending sales is trending higher and homes are selling quickly
  • more new housing inventory is coming on the market reflecting prices comparable to February prior to the COVID-19 pandemic and Washington State’s stay home/stay healthy order
  • sales prices in the last two weeks are also rising with multiple offers more common and homes selling above list prices
  • buyer applications for new mortgages are on the rise – interest rates are at record lows making buying a home more affordable

Matthew Gardner, Chief Economist for Windermere Real Estate provides his weekly look at the economy and specifically the real estate marketplace in our area.

 


Posted on June 9, 2020 at 11:26 AM
Robin Myers | Posted in buying a home, condominium speciaist, condominiums, economy, housing market, mortgage interest rates, real estate, selling a home | Tagged , , , , , , ,