The US/Iran war could be over. The Fed voted to keep interest rates steady, but new Fed Chair Kevin Warsh sounded surprisingly hawkish and the financial markets didn't like that one bit. Not surprisingly he’s indicated that the primary goal will be getting inflation down which means raising interest rates. This is no surprise as the Consumer Price Index came in pretty high at 4.2% annually in May, highest in three years.
Existing-home sales jumped 3.2% nationwide from April to May, according to a new report from the National Association of Realtors®. When compared to the same time last year, there was an identical 3.2% increase. In the West, month-over-month existing-home sales remained unchanged, however our region experienced a 5.6% bounce from May 2025. The median sales price here has somewhat mellowed from last year, down 0.7%. “More Americans are on the move, with home sales rising to the highest level since December. This is great news for the housing market and the economy,” noted NAR's top economist. Having said all this, the median list price has declined by 2.3% in the US, year over year.
