Windermere’s chief economist, Matthew Gardner, has released the Western Washington Real Estate Market Update for Q2. ECONOMIC OVERVIEW The Washington State economy has been expanding at a rapid pace but we are seeing a slowdown as the state grows closer to full employment. Given the solid growth, I would expect to see income growth … More The Gardner Report | Western Washington Q2 2017
Chinese bought a record $31.7 billion worth of US residential property between April 2016 and March 2017, a 16.1% increase from the preceding year.1 Despite capital controls being introduced by the Chinese government in late 2016, a latest report by US-based National Association of Realtors (NAR)1 indicate that the Chinese passion for American real estate remains fervent. This … More Chinese Appetite for US Real Estate Swells to $31.7 Billion
75 million Baby Boomers control nearly 80% of all U.S. wealth, and as this generation ages, retires, and inevitably downsizes, they will have a significant impact on the housing market. Windermere’s Chief Economist, Matthew Gardner, explains when we can expect to see Boomers start to sell, opening much-needed inventory and making home ownership available to younger generations. Windermere Blog Economics 101 Videos … More Baby Boomers: Impact on the U.S. Housing Market
Few people don’t crave a luxurious lifestyle, but what exactly does that mean? What constitutes living in the lap of luxury to one person may be totally different for another, and so perhaps a brief look at what today’s consumer considers ‘luxury’ to mean might be helpful. Whether you are a real estate investor seeking … More What Exactly Is A Luxurious Lifestyle? These Definitions Might Interest You
Q3 2016 saw housing prices rise y-o-y in 28 out of 45 housing markets that published housing statistics. We analyse our latest Juwai Global Property Index (GPI) Report, which is specially tailored to equip Chinese property buyers with research for their property investment hunt abroad, and share the strongest-performing housing markets in the third quarter … More Juwai Releases Global Property Index Report Q3 2016
Seattle’s renters already have a vague ballpark of the city’s housing costs: They’re high. But in a big, growing city, how much does it vary by neighborhood? Which neighborhoods are the least attainable—and which ones approach affordability? Zumper analyzed data from April of this year and found how much median one-bedroom rent varies by neighborhood. … More What Seattle Neighborhoods Have the Cheapest—and Most Expensive—Rent?
The shortage of homes for sale has been a major concern for buyers and real estate agents over the last few years. Windermere Chief Economist, Matthew Gardner, explains the impact these shortages are having on the housing market. Windermere Real Estate | May 2017 Matthew Gardener
2016 saw Chinese buyer enquiries for Seattle rising 83% y-o-y on Juwai.com, following a 118% y-o-y increase in 2015. Seattle has seen an enduring surge in popularity with Chinese property investors in recent years, but what lies behind this lasting fascination with America’s 3rd-best tech city that saw it surpass New York City to become one … More 9 Reasons Why Seattle Is Firing Up Chinese Buyer Interest
The three cities that saw the biggest spikes in luxury real estate prices last year had one thing in common: They were all located in China. According to The Wealth Report, an annual publication by the Knight Frank real estate firm, Shanghai experienced the biggest annual price increase for prime residential real estate. The London-based … More These Luxury Markets Saw the Biggest Hikes in Real Estate Prices
As the UK trudges through a cold February, the UK’s June 2016 vote to leave the European Union already feels like a long time ago – particularly when one considers all that has happened on the global stage since. We already live in a very different world, both politically and economically. Across the Atlantic, Trump-imposed … More What Impact Will Brexit Have On The Luxury Industry?