Inflation dropped to 2.4% in March, down from 2.8% in February, sparking hope for lower borrowing costs.
Lower inflation reduces the costs of credit cards, loans, and home equity loans for borrowers.
Commercial Real Estate Disclosures in Washington: What Sellers Need to Know
In Washington, sellers of commercial property must provide a seller disclosure statement (Form 17 Comm) detailing property information as required by RCW 64.06.013. This applies to most transactions, except foreclosures and certain transfers. Sellers must disclose known issues, especially environmental ones, which buyers cannot waive if affirmed. Agents may be liable for inaccuracies.
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Happy Mother’s Day
Mother's Day is a celebration honoring the mother of the family or individual, as well as motherhood, maternal bonds, and the influence of mothers in society.
The origins of commemorating motherhood dates back to the Ancient Greeks, where in spring festival, they celebrated the goddess Rhea, considered the Mother of the Gods.
Anna Jarvis’s lobbying of President Woodrow Wilson resulted in Mother’s Day becoming an official American holiday in 1914.
Many other countries around the world also celebrate Mother's Day, including Canada, with festivities, dinners, pampering and gifts.
Happy Mother’s Day | https://www.samrandhawa.com/disclaimer/
Mother's Day is a celebration honoring the mother of the family or individual, as well as motherhood, maternal bonds, and the influence of mothers in society.
The origins of commemorating motherhood dates back to the Ancient Greeks, where in spring festival, they celebrated the goddess Rhea, considered the Mother of the Gods.
Anna Jarvis’s lobbying of President Woodrow Wilson resulted in Mother’s Day becoming an official American holiday in 1914.
Many other countries around the world also celebrate Mother's Day, including Canada, with festivities, dinners, pampering and gifts.
3.9% Inflation Expected: Warm-up Act for a Recession?
The US faces a heightened risk of recession due to new reciprocal tariffs announced by the administration.
Oxford Economics downgraded its 2025 GDP growth forecast to 1.4%, down from 2% previously.
Is Buying a Home Cheaper During Recession?
Are we in a recession?
Not technically, but many feel it due to rising costs and reduced economic confidence
Are rate cuts coming?
Likely this summer, but the Fed is cautious as inflation cools slowly.
Inflation Alarm: Fed Flags Tariff Impact
Federal Reserve officials express growing concerns that new tariffs may elevate inflation risks.
The unpredictable implementation of tariffs could disrupt supply chains and raise consumer prices.
Vacation rentals may face new taxes as Washington state lawmakers eye housing fix
Lawmakers in Washington state have advanced a bill to impose a 4% tax on short-term rentals like Airbnb, potentially doubling the current 2% excise tax municipalities can levy. Supporters argue it will help address housing shortages, while critics fear it may push tourists to hotels. The bill aims to generate around $21 million annually to fund affordable housing and services amid a significant housing crisis. If passed, local governments could implement the tax starting in April 2026.
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Washington: America’s 8th Most Expensive State to Live
Washington is the eighth-most expensive US state, with a cost of living index of 115.10.
The avg annual expenditure is ~$42K, significantly above the national avg.
Why Mortgage Rates Above 6% Are Here to Stay
Tariff announcements triggered bond sell-offs, pushing yields higher and raising 30-year fixed mortgage rates above 7%.
Despite some Fed rate cuts, experts expect mortgage rates to hover around 6.5% through 2025.
