Job growth is critical to the health of the housing market, so on this week’s episode of “Mondays with Matthew,” Windermere Chief Economist Matthew Gardner analyzes the effect of COVID-19 on employment and what we can expect for the duration of the year.
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Economics 101 • Market News • Windermere Real Estate • May 11, 2020
Matthew Gardner Weekly COVID-19 Housing & Economic Update: 5/11/2020
by Windermere Evergreen
Fun Facts In Demand For evidence that the Front Range is a desirable place to live and own real estate, look no further than the average price of our real estate. According to the National Association of Realtors, the average price of a home in the United States is $486,000. Compare that to the average price in our major […]
Fun Facts Jobs Bounce As the job market goes, so goes the housing market. This is a fact about any primary housing market. If employment is growing, the housing market will keep growing. One of the many positive indicators of the healthy Northern Colorado economy is the fact that the jobs lost during the pandemic have bounced back. Not […]
Fun Facts Top Three Here are the top three reasons why prices are unlikely to crash even though the market has cooled off: Inventory – Ultimately, prices are driven by supply and demand. Although supply has increased, it still remains relatively low with less than two months’ supply in most areas. New Homes – New home construction still lags […]