Top 10 Housing Market Predictions for 2024
As Chief Economist for Windermere Real Estate, Matthew Gardner is responsible for analyzing and interpreting economic data. With over 30 years of professional experience, he provides valuable insights into the real estate industry and housing market, including quarterly regional reports, monthly videos, and timely analysis of the latest trends. Below the Top 10, you will find […]
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Now or Later: When Interest Rates Drop…
The question that many potential buyers are asking themselves right now is: should I wait for rates to drop before I buy? Higher interest rates have certainly made monthly payments higher and challenged overall affordability, however it is important to consider creative financing options and what the impact on prices will be once rates lower. Experts […]
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New Agency Law Changes: Transparency, Consumer Protection, & Commitment
New Agency Law Changes: Transparency, Consumer Protection, & Commitment On January 1, 2024, major changes to the Law of Agency will go into effect. These changes result from the real estate industry in the state of Washington wanting to elevate the level of transparency and consumer protection surrounding buyer representation. Senate Bill 5191 was voted […]
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The Low Inventory Effect: Nationally and Close to Home
The Low Inventory Effect: Nationally and Close to Home The video below from Matthew Gardner, Windermere’s Chief Economist, refers to the effects of constricted inventory levels on the national housing market in a higher interest rate environment. Review the localized numbers that I gathered that pertain to King and Snohomish Counties and then check out […]
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Win-Win: How to Overcome Interest Rate Pressure with Creative Financing
Win-Win: How to Overcome Interest Rate Pressure with Creative Financing Lately we have talked about life changes leading to real estate moves. Sometimes moves are brought on by joyful advancements in life and sometimes they are motivated by hardship. Then there are times when your actual house just doesn’t fit your life anymore and it […]
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Should You Stay or Should You Go?
Should You Stay or Should You Go? Interest Rates Limit Inventory and Stabilize Prices There has always been a direct correlation between interest rates and home prices. The rule of thumb has always been when rates go up prices go down, and vice versa. This was temporarily proven true in the summer of 2022 when […]
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Clarity Through Chaos: Using the Data to Guide Decisions
Clarity Through Chaos Using the Data to Guide Decisions I think we can all agree that we have been on a bit of a wild ride over the last 12 months in the real estate market. When the Fed decided to change its trajectory on interest rates in mid-2022, it created chaos and confusion. During […]
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2023 Market Predictions, Fact Checked.
2023 Market Predictions, Fact Checked. One of the reasons why we are fortunate to have Matthew Gardener as our Chief Economist at Windermere is his transparency. Every year, Matthew makes predictions for the coming year based on his monumental research and years of experience. Just this week, he reviewed his 2023 predictions and recorded the […]
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Let’s Dance! Prices Stabilize & Even Grow Amidst a Chaotic Interest Rate Market
Let’s Dance! Prices Stabilize & Even Grow Amidst a Chaotic Interest Rate Market If we let the media determine the mood regarding the housing market, it would be time to shut the party down and call it a night. I’m here to report that we are still dancing and there is a lot to celebrate! […]
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