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Market Updates Current Numbers that Matter – Week 10 Staying Put a Little Longer This week, officials announced that the closure for non-essential travel over the border crossing to Canada has been extended until the end of June. So, we will have to wait a little longer for any fun rendezvous up north. I am curious to pay attention to how many of our Canadian buyers and sellers are unable […]
Market Updates Current Numbers that Matter – Week 9   Beginning & Ending on High Notes Our new normal seems to be becoming less new and more normal, just in time for our Phase 1 to be coming to an end- maybe one more week (at the earliest), and then we move on to Phase 2! It’s still not business as usual – no open houses, only serious homebuyers […]
Market Updates Mondays with Matthew: Let’s Discuss Mortgage Forbearance   On this week’s episode of “Monday’s with Matthew,” Matthew Gardner discusses mortgage forbearance and whether it will help or hurt the US housing market and what you should take into consideration if you are deciding whether or not it is an option for you!
Market Updates Current Numbers that Matter – Week 8   I hosted my very first Virtual Open House this weekend- what a fun way to show potential buyers and home lovers a home without spreading germs!  I hope you were able to join me live on Facebook from the comfort of your own home! If not, the recorded video is posted on my feed in facebook and on […]
Market Updates Are we Headed Towards a Repeat of the 2008 Housing Meltdown? At Windermere, we have continued to rely on the expertise of Matthew Gardner, Windermere’s Chief Economist. This week Matthew addressed the growing concern that housing market is heading towards a repeat of the 2008 meltdown.  He uses data to explains how we are in a very different place than when the housing bubble burst. Here is a chart he shared from Black Knight Financial comparing the housing market […]
Market Updates Current Numbers that Matter – Week 7 A PLAN TO MOVE FORWARD It’s already May! It almost seemed like April would never end, but we made it! Good job, team! Friday, May 1st, Governor Inslee announced that the Stay Home Order would now be extended past the previous deadline of May 4th to May 31st. The state will be opened back up slowly in a 4 phase series. As part of […]
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 […]
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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 […]
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 […]
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