2024 Housing Market Predictions

by Robin Myers

Matthew Gardner, Windermere’s Chief Economist, provides his annual insight and predictions for the coming year’s local and national real estate market. Matthew reviews his 2023 predictions and provides his outlook for 2024.

Matthew’s monthly market updates are always informative, but the annual recap and predictions for the coming year is always my favorite.

buying a home • condominiums • economy • home property values • interest rates • selling a home • Windermere • June 29, 2023

Matthew Gardner’s 2023 Top Ten Predictions – Mid-Year Update

by Robin Myers

Earlier this year Matthew Gardner, Windermere’s Chief Economist, shared his predictions for 2023. Fast forward six months, and in his latest monthly video he compares those predictions with how the housing market, interest rates, supply and demand, etc. has performed in the first six months of 2023. Matthew is still confident housing demand is high and it is favoring a seller’s market, even with interest rates expected to stay above 6% for the remainder of the year.

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condominiums • Downtown Bellevue • economy • home property values • housing market • real estate • Robin Myers/Condo Specialist • Windermere • February 22, 2023

What’s the Expected Local Impact of Recent Tech Industry Layoffs?

by Robin Myers

There’s been a lot of media coverage in the last six weeks relating to local and national tech industry layoffs. The Pacific Northwest has a significant tech industry presence, not just all the major players but also many smaller but successful start-ups What impact can we expect in the Seattle and Eastside economy and housing market as a result of these layoffs?

Matthew Gardner, Windermere’s Chief Economist, doesn’t anticipate significant change as we move through 2023. Take a look at his thoughts on the local economy and housing market.

buying a home • condominiums • economy • real estate • selling a home • November 17, 2021

Housing and the Economy – What to Expect in 2022

by Robin Myers

In the last housing and economic forecast for 2021, Matthew Gardner, Windermere’s Chief Economist, looks ahead and shares his economic and housing forecast for 2022.

buying a home • condominiums • economy • first time buyers • home property values • interest rates • real estate • selling a home • working from home • February 8, 2021

2021 Housing and Economic Update

by Robin Myers

Every year Matthew Gardner, Windermere’s Chief Economic, provides his forecast for the coming year. As always, he includes a variety of topics that relate to the national economy, housing trends, mortgage interest rates and home price appreciation. This year he also addresses the impact the 2020 pandemic had on the economy and housing and what we may expect to see in 2021. It will be fun revisit this in 6-12 months and see how Matthew’s thoughts compare with what happens as we move through the year.

buying a home • mortgage interest rates • real estate • Robin Myers • selling a home • Windermere Real Estate • October 13, 2020

How Long Will Mortgage Rates Stay this Low?

by Robin Myers

This week Matthew Gardner, Windermere Real Estate’s Chief Economist, discusses current mortgage interest rates. Interest rates are currently right around 3% and mortgage applications, driven by those historically low rates, are up 25% over the same period last year. It’s amazing to look back to the early 1980s when mortgage interest rates were in the high teens. But, how long will interest rates stay this low and what impact are these interest rates having on home prices?

economy • real estate • Windermere Real Estate • August 24, 2020

Good News – Nationwide Mortgage Delinquency Rates are Down

by Robin Myers

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.

condominium speciaist • condominiums • economy • real estate • Windermere Real Estate • July 28, 2020

How Much Are Home Values Expected to Increase in 2020?

by Robin Myers

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.

economy • home property values • real estate • July 13, 2020

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

by Robin Myers

condominium speciaist • economy • housing market • real estate • Windermere • June 15, 2020

Mortgage Forbearance – Where are We Today?

by Robin Myers

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.