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Medford's Housing Market

Today Chief Economist for Windermere Real Estate came to Medford to talk about the cities housing market.

Posted: Oct 1, 2018 6:43 PM

Today Windermere Real Estate's Chief Economist Matthew Bardner stopped by Medford. He spoke about Medford's housing market and what is expected. He says the country is really having the same housing issues right now. The West Coast and East Coast are especially struggling with young adults buying their first homes, because they just can't afford them.

Houses are being built that millennials can't afford or even want and that's a concern he says again is across the whole country. Builders are not building to that age demographic and he says they should be.

Newswatch 12's Leah Thompson asked Matthew if Medford is in a housing crisis because of these reasons and the fact it is so hard for anyone in the area to own a home. He says no. 

Matthew Gardner says "No I don't. I think if anyone is trying to take the comparisons of now to 2008 is looking at it all wrong. In 2008 the reasons why the bubble burst was an awful lot of speculate investment, but more importantly a lot of people buying homes that quiet frankly shouldn't of been. They couldn't afford them, they really couldn't afford the mortgages."

On the opposite side if you are looking to sell it is a good time to do so. He says it's interesting, because when people retire they look to downsize and Matthew says that's just not happening right now.

Oregon Coronavirus Cases

Data is updated nightly.

Cases: 132412

Reported Deaths: 1799
CountyCasesDeaths
Multnomah28237458
Washington18512171
Marion16085238
Clackamas11577138
Lane8219108
Jackson686284
Umatilla670968
Deschutes490736
Yamhill316245
Malheur312452
Linn310246
Klamath242238
Polk241340
Josephine170633
Jefferson168725
Benton168414
Douglas166643
Union110416
Wasco106323
Columbia103318
Lincoln98517
Hood River94821
Coos93315
Morrow92710
Clatsop6695
Crook60410
Baker5665
Tillamook3622
Curry3185
Lake2295
Grant2131
Harney1734
Wallowa963
Gilliam481
Sherman470
Wheeler201
Unassigned00

California Coronavirus Cases

Data is updated nightly.

Cases: 2955323

Reported Deaths: 33342
CountyCasesDeaths
Los Angeles100392313741
San Bernardino2482851560
Riverside2352352517
San Diego2098972065
Orange2093652320
Santa Clara914661060
Kern83547558
Sacramento802791080
Fresno79950932
Alameda65679757
Ventura59061412
San Joaquin56484748
Contra Costa50627430
Stanislaus41925739
Tulare40176501
Monterey34959249
San Mateo31291294
San Francisco28574254
Imperial24944463
Solano24654105
Santa Barbara23538228
Merced23492296
Sonoma23204234
Kings18661110
Placer16761173
San Luis Obispo15129128
Madera12883130
Santa Cruz11776113
Marin11345153
Yolo10240131
Shasta9594117
Butte9233121
El Dorado751544
Sutter748477
Napa723139
Lassen509413
San Benito485043
Yuba481827
Tehama397142
Tuolumne330438
Nevada309973
Mendocino307631
Amador295329
Lake243428
Humboldt226324
Glenn182419
Colusa16919
Calaveras153823
Siskiyou140813
Mono10834
Inyo92429
Del Norte8472
Plumas5735
Modoc3783
Mariposa3434
Trinity3024
Alpine730
Sierra700
Unassigned00
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