Affordability and inventory remain challenges for the market Here are the bullet points from the newest press release from the Northwest Multiple Listing Service (data is from the full month of February): Traditionally a quiet month, February’s market activity reflected consumer sentiment in two important areas: affordability and available inventory. Although the number of active […]

Market activity is increasing, but affordability remains questionable Here are the bullet points from the newest press release from the Northwest Multiple Listing Service (data is from the full month of January): Activity was up in January, both month-over-month compared to December and year-over-year compared to January of last year. The number of closed sales […]

Mortgage rate increase throws curveball into market Here are the bullet points from the newest press release from the Northwest Multiple Listing Service (data is from the full month of December): Despite hopes and predictions, the Federal Reserve Bank’s three interest rate cuts in 2024 have not led to reduced mortgage rates or a significant […]

Lowered mortgage rates provide boost but affordability remains elusive Here are the bullet points from the newest press release from the Northwest Multiple Listing Service (data is from the full month of September): The further reduction of interest rates in September by the Federal Reserve provided a positive end-of-the-summer boost to the market. However, without […]