Over the past year, just 24% of U.S. home purchases went to first-time buyers*—the lowest share since tracking began in 1981. For context, the 40-year average through 2021 is about 38.4%. Elevated interest rates and stubbornly high prices are a big part of the story—but they’re not the whole story. It’s Not Only About Prices and Rates Since 2021, the typical monthly payment on a median-priced home in the greater Seattle area has roughly doubled, even before taxes and insuranc

As the rain returns and the maples leafs fall on the Burke Gillman Trail, our fall selling season is in full swing. From Wallingford bungalows and Green Lake condos to Kenmore ramblers and Snohomish new builds, I’m hearing the same thing at open houses: “We’re watching the market—what’s next?” A lot is in the mix right now—interest rates, a jump in inventory, broader economic headlines (yes, even the government shutdown chatter). Around the region, it feels like the market is

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