This week Matthew Gardner, Windermere Chief Economist, takes a look at the US housing forecast for 2021. Topics include mortgages, existing home sales, existing home values, new construction, the impact of homes in forbearance and the urban condo market. Overall the outlook is positive for a continuing strong real estate market and low interest rates.
Its been rumored for years that Factoria Mall would be redeveloped to make better use of the large parcel. The mall and several free standing buildings currently occupy the 43 acre site. An application for design review has been submitted to the City of Bellevue for redevelopment of the Marketplace at Factoria. Eight phases […]
Tight supply and increasing land/material/labor continue to contribute to rising home prices. Matthew Gardner, Chief Economist for Windermere Real Estate, shares his thoughts on builder confidence nationwide, evidenced by a dramatic increase in sales of new construction homes and permit applications. That continued buyer demand along with increasing construction costs are driving prices up. Sales […]
Every year Livability.com ranks the best 100 small to midsize cities to live in the country based on affordability, safety, economic stability, outdoor recreation, accessibility and community engagement. This year the survey added an “opportunity score” which reflects the city’s job offerings, economic resilience and growth. Fort Collins, CO was ranked the best […]