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Matthew-Gardner

Matthew Gardner

CHIEF ECONOMIST

Windermere Real Estate

Matthew Gardner has over 30 years of professional experience both in the U.S. and U.K. In addition to his day-to-day responsibilities, Matthew sits on the Washington State Governors Council of Economic Advisors; chairs the Board of Trustees at the Washington Center for Real Estate Research at the University of Washington; and is an Advisory Board Member at the Runstad Center for Real Estate Studies at the University of Washington where he also lectures in real estate economics.

As Windermere’s Chief Economist, Matthew Gardner analyzes and interprets economic data and its impact on the real estate market on both a local and national level. Below, Matthew provides a snapshot of his 2020 economic and housing forecast for the Puget Sound region.

4.5%

REGIONAL UNEMPLOYMENT RATE
FORECASTED FOR 2020

“The unemployment rate has levelled out and I don’t expect much to change in 2020.”

2020 Forecast

PROJECTED
NEW JOBS IN 2020

“Employment growth started to slow down earlier this year and that is expected to continue in 2020. While job openings are plentiful, there aren’t enough people to fill them. As a result, gains in the job market will likely slow next year.”

52,702

SINGLE FAMILY HOME PRICE GROWTH

SINGLE-FAMILY-HOME-PRICE-GROWTH

FORTY-FOUR %

MILLENNIAL SHARE OF THE MARKET IN 2020

“Millennials are on the move! This segment of the population is representing an increasingly larger portion of the local housing market. I only expect this trend to continue in 2020.”

MORTGAGE-RATES-home-sales
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MATTHEW GARDENER BLOG

Every Monday, Matthew offers his insights and updates about the local economy and market in his "Mondays with Matthew" blog posts. Once a quarter, he publishes "The Gardner Report" an in-depth analysis of the housing market throughout the region.