Market Updates

Market Updates, Tracie's Thoughts, Trends

Current Numbers that Matter – Week 6

A Plan to Move Forward Hard to believe we’ve been paying attention to the numbers for 6 weeks already. I’m thankful the number of COVID-19 cases in Washington State continues to decrease and we are starting to see a light at the end of the tunnel! Below You’ll find: Updated Numbers Washington’s Recovery Plan Matthew’s New Construction Update Love to the Alcoa Families Another Chance […]
Market Updates, Trends

Current Numbers that Matter – Week 5

There wasn’t really anything noteworthy this week in the news. We are all still in the trenches of this new temporary reality. This is week 5 of analyzing data in Whatcom County to observe the affects of COVID-19 on our housing market. BACK TO THE DATA This last week of 2020 compared to the same […]
Market Updates

Q1 2020 { Western Washington Gardner Report }

A Message from Matthew: Needless to say, any discussion about the U.S. economy, state economy, or housing markets in the first quarter of this year is almost meaningless given events surrounding the COVID-19 virus. Although you will see this data regarding housing activity in the region, many markets came close to halting transactions in March and […]
Market Updates, Trends

LENDING UPDATE W/ LENA

-Banks Tightening Qualification Guidelines- During this uncertain time, banks are in the process of tightening underwriting guidelines by adding more strict “overlays” to the Federal guidelines. These overlays vary from bank to bank and it is important to know that each bank has their own overlays. Agencies and government loan programs are also making changes that will lessen risk […]

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Market Updates Current Numbers that Matter – Week 6 A Plan to Move Forward Hard to believe we’ve been paying attention to the numbers for 6 weeks already. I’m thankful the number of COVID-19 cases in Washington State continues to decrease and we are starting to see a light at the end of the tunnel! Below You’ll find: Updated Numbers Washington’s Recovery Plan Matthew’s New Construction Update Love to the Alcoa Families Another Chance […]

Market Updates Current Numbers that Matter – Week 5 There wasn’t really anything noteworthy this week in the news. We are all still in the trenches of this new temporary reality. This is week 5 of analyzing data in Whatcom County to observe the affects of COVID-19 on our housing market. BACK TO THE DATA This last week of 2020 compared to the same […]

Market Updates Q1 2020 { Western Washington Gardner Report } A Message from Matthew: Needless to say, any discussion about the U.S. economy, state economy, or housing markets in the first quarter of this year is almost meaningless given events surrounding the COVID-19 virus. Although you will see this data regarding housing activity in the region, many markets came close to halting transactions in March and […]

Market Updates LENDING UPDATE W/ LENA -Banks Tightening Qualification Guidelines- During this uncertain time, banks are in the process of tightening underwriting guidelines by adding more strict “overlays” to the Federal guidelines. These overlays vary from bank to bank and it is important to know that each bank has their own overlays. Agencies and government loan programs are also making changes that will lessen risk […]

Market Updates Tax Updates The IRS issued guidance Thursday evening to grant deadline relief for both 1031 like-kind exchanges and opportunity zone investments that are already underway. Both of these programs are designed to promote economic growth in communities, and the National Association of Realtors made the case that investors in these programs should not be harmed due to the effects of COVID-19. 1031 Like-kind […]

Market Updates Current Numbers that Matter – Week 4 Data, Tours, Taxes and Interest Rates Most prominent in the news this last week was Washington State deciding that our students will not return to in person schooling this school year. Families are mourning sadness of missing out on the end of year celebrations for milestone grade transitions, cancelled sports seasons and so much more. […]

Market Updates Current Numbers that Matter – Week 3 May the 4th Be… Here Quickly! Here we are again with another update on our Stay at Home Directive, which now has been extended until May 4th. It might seem like so far away, but the more we stay home (and the better we follow the rules), the sooner we will be able to resume our regular lifestyles! I’m continuing with week 3 of looking at […]

Market Updates REVISED Current Numbers that Matter – Week 2 I SPOKE AN HOUR TOO SOON! The Governor JUST deemed Real Estate as an “Essential Business”! So what does this mean for you and our clients? We now have to adhere to stricter guidelines to ensure safety for our clients and homeowners, however we are able to do the following: 1. In-person activities must be appointment-only 2. No […]

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Market Updates Current Numbers that Matter- Week 2 SO MUCH CHANGE It is hard to believe our lives could have changed much more in this last week than they did the week before, but it certainly happened, didn’t it?! Here’s a Timeline of the last week’s significant events for reference: Sunday 3/22- President Trump approved our state’s disaster declaration Monday 3/23- Boeing suspended […]

Market Updates Current Numbers the Matter- Week 1 There are so many things changing on just about a daily basis right now. People are asking a lot of questions about things ranging from everyday life, to big things like buying and selling real estate. Without looking at data, all I can tell you is what this all feels like, so I think this […]

Market Updates The Gardner Report Q4 2019 You’ll notice from the infographic to the right that every single statistic is UP except Homes for Sale- What does this mean? This means inventory continues to lessen thus increasing the ratio of supply and demand event more. I feel like I’ve been saying this is a problem for years now and it is hard […]

Market Updates The Gardner Report Q3 2019 The following analysis of the Western Washington real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to contact me. Download the full report

Market Updates Q2 2019 Gardner Report The following analysis of the Western Washington real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. If you’d like to download a copy of this report you can do so here.

Market Updates Gardner Report: 2019 Economic and Housing Forecast What a year it has been for both the U.S. economy and the national housing market. After several years of above-average economic and home price growth, 2018 marked the start of a slowdown in the residential real estate market. As the year comes to a close, it’s time for me to dust off my crystal […]

Market Updates The Gardner Report: Q3 Market Snapshot Whatcom County Real Estate Market Snapshot As compared to Q2 average sale price dropped Year Over Year just under a percent but the average sales price in the 3rd quarter is up about $11,000 from quarter 2. List to sale time is right about the same and so is average price per square foot. It’s […]

Market Updates Quarter 2 Market Snapshot It is no secret that the real estate market in Whatcom County is red hot! If you’re wondering what the market looks like now in comparison to a year ago, take a look at the image below. The ongoing trend remains that inventory is low. If you’re thinking of selling your home, now might just […]

Market Updates Q1 2018-Western Washington Real Estate Market Update Source: www.windermere.com/blog The following analysis of the Western Washington real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to contact me. ECONOMIC […]

Market Updates Myths and Truths About Millennial Home Buyers Source: www.blog.windermere.com In recent years there has been a lot written about millennials and their impact on the housing market. Because of this, there are also a lot of misconceptions about what this generation wants from a home. To start, it’s important to know that there are more than 71 millennials, which are defined […]