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Summer Home Series -June 13th
When it comes to summer living, it’s no secret the Pacific Northwest is the best-kept secret. With its comfortably warm days, cool evenings, and breathtaking scenery ranging from rugged coastlines to serene lakes and lush mountain ranges, Oregon and Washington offer the perfect backdrop for unforgettable summer getaways. Whether you’re drawn to the charm of...
Job Market Surges, Refis Slide, Mortgage Rates Dip Again
Despite emerging indicators of a cooling labor market, the U.S. employment landscape continues to exhibit notable resilience. According to the May Employment Situation Summary released by the Bureau of Labor Statistics This Week in Real Estate, the U.S. economy added 139,000 jobs – surpassing expectations of approximately 120,000. However, this figure represents a modest decline from the...
Summer Home Series
When it comes to summer living, it’s no secret the Pacific Northwest is the best-kept secret. With its comfortably warm days, cool evenings, and breathtaking scenery ranging from rugged coastlines to serene lakes and lush mountain ranges, Oregon and Washington offer the perfect backdrop for unforgettable summer getaways. Whether you’re drawn to the charm of...
Rate Watch, Buyer Behavior & Economic Buzz
The National Association of Realtors reported This Week in Real Estate that its Pending Home Sales Index (PHSI) declined by 6.3% in April compared to the previous month and fell 2.5% year-over-year, as rising mortgage rates and ongoing economic uncertainty continued to dampen demand. Meanwhile, the average 30-year fixed-rate mortgage edged up to 6.89% last week, a...
Sales Surge, Forecasts Rise, Buyers Gain Ground
According to a joint report released This Week in Real Estate from the U.S. Census Bureau and the Department of Housing and Urban Development, new home sales surged in April, reaching their highest level in over three years. Sales of newly constructed single-family homes increased by 10.9% compared to March and were up 3.3% year-over-year. In contrast...