Month: August 2025

A King County renter needs to make almost $92,000 a year to afford a modest one-bedroom apartment, according to a recent report by a leading affordable housing advocate. That’s far above the average Seattle renter’s income of $81,600 — a discrepancy keeping people cost-burdened by their rent. Even for those making north of $92,000, the […]

August 23, 2025 Construction activity on new single-family homes got an unexpected boost in July, powered by a building surge in the South. Single-family housing starts rose 2.8% last month from June to a seasonally adjusted annual rate of 939,000, the U.S. Census Bureau and Department of Housing and Urban Development reported Tuesday. The July figure was up 7.8% from a […]

Federal Reserve Chair Jerome Powell has signaled a possible interest rate cut in September, saying that the “balance of risks” in the economy could be shifting away from inflation and toward rising layoffs. Powell delivered the guidance in a highly anticipated speech on Friday at the central bank’s annual symposium in Jackson Hole, WY. It followed months of pressure […]