Impersonators may use these and other tactics to scam you. Goods and services scam Scammers pose as buyers or sellers who set up fake websites or profiles offering products and services, sometimes at prices that are too good to be true. They may post fake ads and fake reviews. Always check that you are paying […]

In mortgage lending, almost nothing is more frustrating than working hard on applications that ultimately get rejected — especially when the problems result from simple errors and homebuyer misunderstandings. At a time when it’s so important to close every eligible loan, here’s what many mortgage originators are doing to ensure a smoother loan process, especially […]

A panel of housing experts anticipates continued growth in home prices, though at a slower pace than in recent years, according to the latest Fannie Mae Home Price Expectations Survey (HPES). The panel has upgraded its Q1 2024 projection to a 3.8% rise in home price growth this year and 3.4% in 2025 – a […]

While most Americans aren’t rooting for a recession, there would be some silver linings. Typically, when the U.S. economy is struggling, the Fed will cut interest rates to stimulate the economy and incentivize companies to expand and hire again. Mortgage rates, which are separate from the Fed’s rates, usually follow in a similar trajectory. So […]

Lumber prices stabilized around the $550 per thousand feet benchmark amid prospects of increased supply and subdued demand. The latest data from top producer Canada showed that lumber production edged down by 0.1% month-over-month in November but rose by 2.4% on an annual basis, indicating a resilient upward trend in the sector over the longer […]

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 […]