Real Estate Blog

Washington’s picturesque mountain towns have become increasingly popular not just for vacationers but also for investors seeking lucrative short-term rental opportunities. As platforms like Airbnb and Vrbo continue to thrive, the demand for vacation rentals has surged—driving up home prices and reshaping the local real estate market. Rising Housing Costs & Limited Inventory With more homes being converted into short-term rentals, local buyers, including first-time homeowners and long-term residents, are finding it harder to compete. The increased demand has led to a limited housing supply, pushing prices higher and making affordability a growing concern in these communities. Balancing Tourism and Housing Needs While vacation rentals provide a strong economic boost through tourism, they also present challenges for locals who need stable housing. Some towns are considering stricter regulations, caps on short-term rental licenses, or additional taxes to create a balance between in...

Exciting news for the Pacific Northwest! The Biden-Harris Administration has awarded $16 million to expand affordable housing for people with disabilities in Oregon and Washington. This funding is part of a larger $138.5 million grant from the U.S. Department of Housing and Urban Development (HUD), aimed at increasing housing options and supportive services for low-income individuals with disabilities across the country. Here’s what this means for our local communities: Washington is receiving $8 million, which will create 158 new housing units. Oregon is also getting $8 million, allowing for the development of 153 housing units. This initiative is part of HUD’s Section 811 Project Rental Assistance (PRA) program, which focuses on providing rental assistance and supportive services to help individuals with disabilities live more independently. It’s a significant step forward in reducing housing costs and expanding access to affordable housing, especially for those who need it most. H...