10/30/2023
The latest Gardner Report is out from Windermere's Chief Economist, Matthew Gardner and you can read the full report on the Windermere Blog on my website.
"Although it was good that listing activity rose in the third quarter, it still remains well below levels that can be considered normal. This is unlikely to change anytime soon given that over 86% of Washington homeowners with mortgages have an interest rate below 5% and more than a quarter have rates at or below 3%. There is little incentive for them to sell if they don't have to." - Matthew Gardner