Real Estate News
The just-released May Monthly Housing Report from Realtor.com shows that home prices took their largest tumble in years last month. The median listing price for May was $429,500 — down 2.4% from one year ago and the steepest annual drop seen since 2017. The average price-per-square-foot fell even more at -2.5% — a record-setting decline, according to the listing platform. Continue Reading…
The housing affordability crisis has been a growing problem for the last two decades, but conditions for affording a home are slightly improving — and there are key strategies prospective buyers need to know. New numbers from the National Association of Realtors show existing-home sales are holding steady, and pending sales have also moved higher — a sign more buyers may be stepping back in. Continue Reading…
In March, the median existing home sold for $408,800, according to NAR. That marks the 33rd consecutive month of annual price increases. Throw in elevated mortgage rates, and it’s easy to see why first-time buyers may be inclined to sit the market out. Without equity in an existing home to tap, coming up with a down payment alone can be challenging. Continue Reading…
Mortgage & Finance
Mortgage rates are currently hovering in the mid-6% range, with the average 30-year fixed-rate mortgage sitting at 6.49% as of early July 2026. After a brief dip near the 6% mark earlier this year, rates have ticked up slightly and stabilized as the Federal Reserve paused its benchmark rate cuts to monitor stubborn economic factors like global energy prices. Continue Reading…
Inflation is now at its highest point in three years, and that trickles down to everything — from groceries and gas to mortgage rates. The latter has become pretty apparent in recent months, as mortgage rates have quickly climbed from the high 5% range to the 6.62% they sit at today, approximately. Continue Reading…
The Federal Reserve lowered the fed funds rate three times in 2025, but the central bank has been on hold so far in 2026, including its most recent meeting on June 17. So, what does this mean for mortgage rates in the upcoming year? Continue Reading…
Local Happenings
Summer in Washington is all about embracing the sunshine and diving into the region’s best seasonal traditions. Whether you are looking to conquer the trails with a curated guide like The 20 Best Hikes in Washington: A Local’s Personal List, gear up for an epic cycling adventure on the BRNW Washington 2026 Bicycle Rides, or simply indulge in incredible local street food and live music at the iconic Ballard Music & SeafoodFest, there is no shortage of ways to make the most of the beautiful weather. It is the perfect time of year to step outside, explore the natural beauty of the Pacific Northwest, and connect with the vibrant community events that make our summers so unforgettable.