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Market Updates • Trends • July 25, 2020
The Q2 Western Washington Gardner Report
by Tracie Gulit
Home Ownership 2023 Economic & Housing Forecast Thank you to all my guests that were able to join me at my Annual Economic and Housing Forecast event with Matthew Gardner, Windermere Chief Economist sponsored by Evergreen Home Loans. In case you missed it, below are my top 10 takeaways, with all of the slide information linked HERE. BELLINGHAM METRO AREA LABOR MARKET […]
Market Updates Holy Shift, Again! Markets change fast! We experienced a substantial shift in 2022 with the first half of the year feeling like a completely different market than the second half of the year. A 3-point increase in interest rate was the main culprit along with inflation and affordability for the 2022 market correction we experienced. A market correction is defined by […]
Market Updates National Market Summary Across the nation, we saw a real estate market correction in 2022 as interest rates doubled. Interest rates started the year at just over 3%, peaked in November at just over 7%, and ended at just under 6.5%. Since the first of the year, we are closer to 6% and anticipate rates to continue to improve towards […]