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Real Estate News & Information Housing Affordability Gap Narrows as Rates Fall The income threshold for buying a home has declined for two consecutive years. Falling mortgage rates and rising household income have pushed the earnings needed to purchase a median-priced home to $111,252 — down from $115,870 in 2024 and $120,669 in 2023. Housing analysts generally consider a monthly payment at or below 30% of household […]
Real Estate News & Information High Rates & Prices Drive King County Buyers Toward Adjustable-Rate Mortgages King County homebuyers are increasingly turning to adjustable-rate mortgages to reduce their monthly homeownership costs. With the county’s median home price approaching $1 million and mortgage rates stubbornly above 6%, the affordability pressures driving this trend continue to grow. Unlike traditional fixed-rate mortgages, adjustable-rate mortgages start with a lower interest rate that remains fixed for […]
Real Estate News & Information Local Market Update – April 2026 As spring gets underway, our region’s real estate market is sending mixed signals. March saw inventory climb across the board, yet buyer activity didn’t keep pace with that supply growth. Affordability remains a central theme: mortgage rate sensitivity continues to weigh on decision-making at higher price points, while markets that have seen meaningful price corrections […]
Real Estate News & Information Numbers to Know 3/23/26: Why Mortgage Rates Are Rising Again This is the latest in a series of videos with Windermere Principal Economist Jeff Tucker, where he delivers the key economic numbers to follow to keep you well-informed about what’s going on in the real estate market. The first news this week is that the Federal Reserve did not cut interest rates at their meeting on March […]
Real Estate News & Information Local Market Update – March 2026 The spring real estate market got off to an early start this year, with all four of our local markets seeing a surge in homes selling above list price in February compared to January, pointing to increased buyer activity. More sellers are entering the market, giving buyers a wider selection of homes to choose from. […]
Real Estate News & Information Local Market Update – February 2026 The region’s housing market opened the year in a more balanced position, shaped by rising inventory, shifting buyer activity, and continued price adjustments across local markets. While affordability remains a central challenge, expanded housing supply and early signs of renewed buyer interest are beginning to influence market dynamics. KING COUNTY In January, King County’s median […]
Real Estate News & Information Local Market Update – January 2026 As 2025 came to a close, December delivered a steadier-than-expected finish for the local real estate market. Inventory remained higher than a year ago, providing added options for buyers and easing prices. With December’s results closely aligned with October and November, the market’s long-term direction may hinge on whether active listings continue to grow as […]
Real Estate News & Information Is the Average Homebuyer Really 40 Years Old? A recent wave of headlines suggested that the average first-time homebuyer is now 40 years old. It is an eye-catching statistic, especially in a market defined by high prices, elevated interest rates, and limited inventory. Millennials are now well into their prime homebuying years, so the idea that many are just now purchasing at 40 […]
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Real Estate News & Information Local Market Update – December 2025 In November, all four of our regions saw year-over-year growth and month-over-month declines in the number of active listings. While a seasonal dip is normal for this time of year, the annual increases in inventory levels are notable. Rising supply is playing a central role in moderating prices and creating a more balanced market environment. […]
Buyers Seattle Homebuyers Less Likely to Back Out of Deals Across the country, more homebuyers are walking away from purchase contracts, but in Seattle, most are staying the course. In August, 15.1% of national real estate details fell through, marking the highest share since 2017. By contrast, the Seattle metro area saw a modest uptick from 9.7% to 10%, keeping local buyers among the least […]
Real Estate News & Information Local Market Update – November 2025 As the year moves further into fall, all four of our local regions remain balanced. Rising inventory and easing interest rates are having a measured impact on affordability, creating a steadier environment across the Puget Sound. With supply elevated and prices holding relatively firm, both buyers and sellers are adjusting to a more even playing […]
Real Estate News & Information Local Market Update – October 2025 Local Market Update – October 2025 The local market continued its swing towards balance in September as inventory maintained its upward trajectory. After several years of strong demand and rising costs, prices are beginning to moderate. Three out of four of our regional markets are now considered balanced — a notable shift from the frenzied […]
Real Estate News & Information Local Market Update – September 2025 In the waning days of summer, the local real estate market reflected a mix of shifting prices, easing mortgage rates, and continued annual growth in inventory. Some areas still favored sellers benefiting from demand, while others gave buyers increasing leverage. Together, declining interest rates and higher supply could motivate cautious buyers to re-enter the market […]
Real Estate News & Information What The Ballooning National Debt Means For Housing For Americans already struggling with the highest mortgage rates in a generation, new legislation out of Washington promises little relief. The “One Big Beautiful Bill Act” (OBBBA) will add trillions to the national debt over the next decades, further cementing an era of expensive borrowing. The basic laws of supply and demand suggest this surge […]
Real Estate News & Information Local Market Update – August 2025 Price gaps between 2024 and 2025 began to narrow across all four markets in July. Even with softer prices, sales activity remained slow in most areas, doing little to offset the growing inventory. Today’s discerning buyers have more choices and are taking the time to wait, watch, and negotiate for the right home. And with […]
Real Estate News & Information Local Market Update – July 2025 Housing inventory across the Puget Sound climbed again in June, marking another month of double-digit year-over-year growth in active listings. While more homes on the market offer buyers greater selection, the uptick in demand hasn’t yet caught up to the surge in supply. In all four of our local markets, conditions continue to shift in […]
Real Estate News & Information Local Market Update – June 2025 May brought a continued surge in housing inventory across the Puget Sound, with active listings reaching their highest levels since 2018. While buyer activity showed some seasonal momentum, it continued to lag behind the influx of new listings, suggesting that many buyers are staying on the sidelines as interest rates hover near 7%. Still, early […]
Real Estate News & Information Local Market Update – May 2025 Our local real estate market is seeing sellers flood the landscape with listings, but buyers aren’t diving in. Despite double-digit increases in active listings across the board, sales declined in all four regions—possibly signaling buyer caution amid ongoing national economic uncertainty. This complete 180 in supply and demand compared to last year’s intensely competitive market […]
Real Estate News & Information Local Market Update – April 2025 Tulips are blooming, the days are growing longer, and the housing market is showing clear signs of seasonal momentum. Inventory continued its steady rise in March, with all four markets posting double-digit year-over-year gains in new listings. Condo inventory saw especially sharp increases — a continuing trend partly driven by the growing appeal of non-traditional […]
Real Estate News & Information Local Market Update – March 2025 February typically brings a quiet real estate market, though this year, the balance between affordability and inventory shaped activity across the Puget Sound. While 30-year mortgage rates dipped slightly from January, rising home prices remained a challenge for buyers, potentially tempering demand. Despite a significant increase in active listings compared to last year, closed sales […]
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