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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.

Confirmed Cases: 32820

Reported Deaths: 543
CountyConfirmedDeaths
Multnomah7184138
Marion468394
Washington451960
Umatilla297641
Clackamas240861
Malheur162723
Lane121017
Jackson11485
Deschutes84012
Yamhill75713
Jefferson5348
Polk53015
Linn52213
Morrow4996
Lincoln48213
Union4462
Benton3106
Wasco2923
Klamath2802
Hood River2510
Douglas2324
Clatsop2120
Josephine1982
Columbia1711
Coos1570
Baker942
Crook621
Tillamook530
Lake330
Curry310
Wallowa311
Sherman180
Harney120
Grant100
Gilliam80
Unassigned00
Wheeler00

California Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 809890

Reported Deaths: 15606
CountyConfirmedDeaths
Los Angeles2678016514
Riverside581781189
San Bernardino54478925
Orange533151216
San Diego46610776
Kern31947369
Fresno28336382
Sacramento22269406
Alameda21189406
Santa Clara21153312
San Joaquin20194441
Contra Costa16572205
Stanislaus16452354
Tulare15970263
Ventura12729150
Imperial11835317
San Francisco11143101
Monterey988471
San Mateo9843150
Santa Barbara9061113
Merced8872142
Kings756980
Sonoma7412122
Marin6716118
Solano630963
Madera448165
Placer357745
San Luis Obispo354629
Butte282744
Yolo280355
Santa Cruz23589
Sutter170511
Napa168113
San Benito134511
Yuba11537
El Dorado11274
Mendocino93118
Shasta85617
Lassen7400
Glenn5783
Tehama5605
Lake54911
Nevada5347
Colusa5296
Humboldt5017
Calaveras31714
Amador29616
Tuolumne2274
Inyo18715
Mono1652
Siskiyou1650
Del Norte1391
Mariposa752
Plumas500
Modoc270
Trinity160
Sierra60
Alpine20
Unassigned00
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