The Gardner Report – Q2 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 your Windermere agent.

ECONOMIC OVERVIEW

Washington State employment jumped back up to an annual growth rate of 2.4% following a disappointing slowdown earlier in the spring. As stated in the first quarter Gardner Report, the dismal numbers earlier this year were a function of the state re-benchmarking its data (which they do annually).

The state unemployment rate was 4.7%, marginally up from 4.5% a year ago. My current economic forecast suggests that statewide job growth in 2019 will rise by 2.6%, with a total of 87,500 new jobs created.

Read the full report

 


Posted on August 22, 2019 at 11:41 pm
Yarrow Bay | Posted in Front Feature |

#YourStoryIsOurStory

Throughout the year we will be posting some of our favorite #YourStoryIsOurStory videos, photos, and blog posts. Please take a minute to share your experiences, and follow #YourStoryIsOurStory on our blogFacebookTwitterInstagramYouTube, and Pinterest pages.

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Posted on April 30, 2019 at 8:29 pm
Yarrow Bay | Posted in Front Feature |

The Gardner Report – Q1 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 your Windermere agent.

ECONOMIC OVERVIEW

Washington State employment slowed to an annual growth rate of 1.7% — a level not seen since 2012 — and continues a trend of slowing that started in the summer of 2018. I was a little surprised to see such a significant drop in employment growth, but it may be due to the state re-benchmarking their data (which they do annually). As such, I am not overly concerned about the lower-than-expected numbers but will be watching to see if this trend continues as we move through the spring months. The state unemployment rate was 4.5%, marginally below the 4.6% level a year ago.

My latest economic forecast suggests that statewide job growth in 2019 will be positive but is expected to slow. We should see an additional 84,000 new jobs, which would be a year-over-year increase of 2.2%.

Read the full report

 


Posted on April 30, 2019 at 7:47 pm
Yarrow Bay | Posted in Uncategorized |

30 Years of Giving Back

Windermere Foundation Mission

For the past 30 years, the Windermere Foundation has donated a portion of the proceeds from every home purchased or sold using a Windermere agent towards supporting low-income and homeless families in our communities. What started in 1989 as a grassroots foundation serving families in need in  Washington State, has grown to encompass ten states and has raised over $38 million for programs and organizations that provide shelter, food, children’s programs, emergency assistance, and other services to those who need our help most.

Learn More


Posted on April 30, 2019 at 7:23 pm
Yarrow Bay | Posted in Front Feature |

2019 Q1 Market Review

The Eastside Market Review is now available for the firth quarter of 2019.

Read the full report online by clicking the image below.


Posted on April 25, 2019 at 5:54 pm
Yarrow Bay | Posted in Market Review, Uncategorized |

Q4 Market Reivew


Posted on January 1, 2019 at 7:20 pm
Yarrow Bay | Posted in Market Review |

Q3 Market Review

The Eastside Market Review is now available for the third quarter of 2018.

Read the full report online by clicking the image below.

This post originally appeared on the WindermereEastside.com Blog.


Posted on November 9, 2018 at 7:02 pm
Yarrow Bay | Posted in Market Review |