What Washington state agents are seeing with new ‘millionaires tax’
Washington state is entering a new policy era with its “millionaires tax” — targeting high-income earners who shape the luxury real estate market. The law imposes a 9.9% tax on annual income above $1 million, with implementation expected in 2028 pending legal challenges. For real estate professional
Mortgage Rates Are Actually Lower This Week
On any given Thursday, there's a decent enough chance that the average mortgage rate headline will be unintentionally misleading. At issue is media reliance on the longstanding weekly mortgage rate surveys. If news stories are going to cite this data, that's fine, but it's critical to understand the
March HECM bump masks a deeper slowdown
HECM endorsements rose 16% in March to 2,117 loans, but monthly volumes remain near their slowest pace since last summer as proprietary reverse products quietly steal market share.
Pamela Heman
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