Economic Forecast

May 24, 2021 - Is a Housing Bubble on the Horizon?

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mondays with matthew

Highlights from Matthew Gardner's Video

Today's Monday's with Matthew looks a bit different. While this 30 minute video is longer than the others, it is full of great information regarding the history on the housing crash in 2007 and whether or not we are in the midst of a housing bubble.

Looking for an economic update on the Real Estate Market each month? This page provides monthly videos from Matthew Gardner (Windermere's Chief Economist) about all his predictions for what's ahead in this crazy housing market. You will also find highlights from the videos if you do not have time to watch!

Inventory, Mortgage Rates, and New Construction

Matthew Gardner’s latest video on the housing market is full of important information regarding inventory, mortgage rates, future predictions, and new home builds. There continues to be an extremely limited amount of inventory, but Gardner is still expecting that the number of home sales will increase by more than 11% compared to last year. With […]
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Home Ownership Rates

Matthew begins with information on the current home ownership rates and dives into the data regarding home buying and the younger generation. The ownership rate for millennials is increasing and the current rate of 38.5% is a share not seen since back in 2011. Gardner believes this number will continue to rise over the next […]
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Housing & Economic Update

Matthew came out with his first video for 2021 and it’s full of great information! If you don’t have time to watch the full video we have provided some highlights below. Starting with The National Association of Home Builders report we can see that the index has slipped from 86 to 83, but builder’s still […]
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The 2021 Housing Forecast

This past year mortgage rates have broken record lows, and we have watched them drop week after week. Matthew Gardner predicts that rates will most likely bottom out in the current quarter but he doesn’t see mortgage rates increasing significantly next year. Regarding existing home sales, Matthew Gardner forecasts that sales should be up by […]
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The Latest US Home Sales Data 

Existing home sales rose for the 5th consecutive month, and sales are 26.6% higher compared to a year ago. As sales rose in October, so did prices. The median home price in October was up by 15.5% compared to a year ago, and we haven’t seen that pace of price growth since 2006. Mortgage rates […]
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Housing Affordability Index

Quick Update from Matthew Gardner: How Will Election Results Impact the Housing Market? Michael Hyman is the National Association of Realtor’s Research Data Specialist. Below is his most recent article from November 13, 2020, discussing the housing affordability index, median family income, and mortgage rates. “At the national level, housing affordability declined in September 2020 […]
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Analyzing the US Job Market

Jobs continue to return, but the pace has slowed significantly. The country added 638,000 jobs in October, which was surprisingly strong due to the current rate of COVID-19 cases. It’s good to see the unemployment rate drop, but the amount of people who have been unemployed for more than six months has increased by 1.2 […]
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The Latest Housing Information

  At the end of Matthew Gardner’s video he states that the housing market continues to outperform, but the pace of price growth is not sustainable and while it has to start tapering off at some point it isn’t quite there yet. Check out the graphs below or watch his video to see what was […]
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Interest Rates and Housing Affordability

What this means in layman’s terms, is the low interest rates have fueled the housing market. This is causing home values to go up faster than interest rates are dropping. As a result we could find many buyers getting priced out of the market. When buyers exit a sellers market, supply and demand is affected. […]
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I hope you enjoy our economic update, if you have any questions regarding the housing market or would just like to chat please feel free to reach out to me here.

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