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The real estate market is undergoing a significant transformation, a welcome change from the frenzied seller’s market of the past few years. We are now seeing a more balanced environment, and in some areas, a distinct trend towards a buyer’s market. This shift, driven by factors like increased inventory and a stabilization of home prices, […]

A New Market

Market Update

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As previously reported, both the House and Senate passed bills to ban “trigger leads,” except in limited circumstances, although the versions of the bills that were previously passed are slightly different. The one difference is that the House-passed version calls for a Government Accountability Office study on the value of trigger leads by text message. By […]

No More Annoying Calls – Senate Passes House Version of Trigger Leads Bill

Market Update

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With a growing gap between supply and affordability, a new report from Cotality reveals the U.S. housing market is seeing a significant shift in what defines a “starter home.” Once characterized by modest new builds on the outskirts of town, the starter home is now more likely to be an older, smaller property — and it’s commanding […]

First-Time Buyers Flock to Older Homes

Market Update

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The City of Mount Vernon and the Mount Vernon Chamber of Commerce continue their free community Summer Concert Series this Thursday at 6pm at the Mount Vernon Riverwalk on Main Street with The Chris Eger Band. Very few musicians are said to be extraordinary examples of excellence in any one genre of music. Even fewer […]

Riverwalk Summer Concert Series – The Chris Eger Band

Local Spotlight

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Fannie Mae’s Economic and Strategic Research (ESR) Group has lowered its forecast for US existing single-family home sales in 2025 to 4.14 million units, down from the 4.24 million units projected in the previous month’s outlook. The revision was published in the group’s June 2025 Economic and Housing Outlook. The updated forecast reflects revised expectations […]

Fannie Mae lowers home sales forecast

Market Update

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The City of Mount Vernon and the Mount Vernon Chamber of Commerce continue their free community Summer Concert Series this Thursday at 6pm at the Mount Vernon Riverwalk on Main Street. This week’s featured band: Mama Dirty Skirt! Mama Dirty Skirt has been performing the hits of Classic Rock, Motown, Rhythm and Blues with rich […]

Riverwalk Summer Concert Series

Local Spotlight

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Most homeowners say they won’t buy or sell a home this year, no matter what rates do… That’s according to a survey from Bankrate which shows 54% of U.S. homeowners wouldn’t feel comfortable selling at any mortgage rate in 2025, up 12 percentage points from last year. A similar share of homeowners, 51%, say they wouldn’t feel […]

Are You Locked In?

Market Update

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The City of Mount Vernon and the Mount Vernon Chamber of Commerce continue their free community Summer Concert Series this year beginning this Thursday at 6pm at the Mount Vernon Riverwalk on Main Street. This week’s featured band: The Enthusiasts! Feet stomping, homemade and heart-full rock and roll. Based and placed in Anacortes, WA, celebrating […]

Riverwalk Summer Concert Series – The Enthusiasts

Local Spotlight

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A new policy change at mortgage giants Fannie Mae & Freddie Mac could help first-time homebuyers qualify for a mortgage if they have a track record of paying their rent on time. Effective immediately, Fannie and Freddie will allow mortgage lenders to use VantageScore credit ratings to assess borrower creditworthiness, in addition to or instead of traditional […]

Paying Rent on Time Could Now Help You Get a Mortgage

Market Update

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It used to be called a “second job.” Now? It’s called a “side hustle.” And Americans nervous about paying the bills are increasingly turning to side hustles in the face of economic uncertainty. Americans are “side hustling like we’re in a recession,” said The Wall Street Journal. Research shows that nearly four in 10 Gen Z and millennial […]

Are side gigs a sign of impending recession?

Market Update