Rates Just Got Smoked by Barn Burner Inflation Report If it feels like there’s been an inordinate amount of focus on the Consumer Price Index (CPI) recently, today proved it was justified.  It’s not hard to understand WHY this data should matter.  After all, inflation is the biggest reason that rates moved higher at the pace seen […]

Homebuyers on a $3,000 monthly budget have gained nearly $40,000 in purchasing power since mortgage rates peaked last fall Buyers can afford a more expensive home now that mortgage rates have dropped to 6.7%, down from nearly 8% in October. Local economists don’t expect rates to rise or decline significantly in the foreseeable future.  A […]

Sales of existing homes slid 1% from November to December, though sales are expected to move higher this year. Existing Home Sales fell 1% from November to December to a 3.78-million-unit annualized pace, coming in below estimates of an unchanged reading per the National Association of Realtors (NAR). Sales were also 6.2% lower than they were […]

January 2024 After several months of low sentiment from home builders, January has finally seen a turn of the tide, according to the National Association of Home Builders monthly index. While still not quite feeling overly optimistic about the future, we did see a 7 point increase from home builders and the first monthly increase […]

Mount Vernon, WA Welcome to Fir Island, a picturesque haven nestled in the heart of Mount Vernon, Washington. This area boasts an enchanting blend of natural beauty, scenic trails, and the mesmerizing sights of the Puget Sound. It is a must-visit destination for nature enthusiasts and those seeking a tranquil escape. Fir Island is host […]

New data from the US Census Bureau shows that the share of US homes that are owned outright increased by 5% between 2012 and 2022. This means almost 40% of Americans now own their homes, up from 34% in 2013, after Baby Boomers paid off their mortgages. A Bloomberg report noted the aging population enjoyed […]

Mount Vernon, WA Welcome to the tranquil shores of Big Lake, located five miles southeast of Mount Vernon. Big Lake is aptly named after its expansive freshwater lake and provides residents with breathtaking views, excellent fishing, and many recreational activities year-round. In addition, the community’s fire department puts on a fantastic fireworks show each July. […]

Skagit County added 92 new listings to the market in November 2023, a decrease of 15.6 % compared to November 2022, when 109 new listings were added. There were 96 total residential units & condo units under contract in November 2023, an overall drop of 16.5% compared to November 2022. As for closed sales, November […]

La Conner, WA Nestled along the picturesque Swinomish Channel, Shelter Bay in La Conner, Washington, stands as a testament to the allure of waterfront living. This charming community offers residents a unique blend of natural beauty, recreational opportunities, and a welcoming atmosphere. Shelter Bay a sought-after destination for those seeking a serene and idyllic lifestyle. […]

When it comes to what’s happening in the housing market, there’s a lot of confusion going around right now. You may hear one thing in conversation with your friends, see something totally different on the news, and read something on social media that contradicts both of those thoughts. And, if you’re thinking about making a move, that […]