The Fed has finally started cutting. The two big questions are: Why? And now what? I’ll start with the why: the labor market has started showing signs of distress. The August jobs report delivered more bad news, continuing a streak of weak job growth since April. The overall growth of nonfarm payrolls – the number […]

Hi. I’m Jeff Tucker, principal economist at Windermere Real Estate, and this is a Local Look at the August 2025 data from the Northwest MLS. This summer, the local market has decisively swung in buyers’ favor, as home sellers around Washington have had to contend with both softening demand, and more abundant competing listings. That’s […]