More than $17M awarded to develop affordable housing across Pierce County

Despite inflation fears, Tacoma will need nearly 10,000 houses ‘For Sale’ to meet expected demand over the next three years, according to the latest forecast from the U.S. Department of Housing and Urban Development. The department also predicts only 1,300 new homes will be built in that same period. 

Mortgage demand plummets as interest rates hover near 13-year high

Homebuyer demand for mortgages tumbled last week as the average interest rate on the most popular U.S. home loan hovered near a 13-year high, a sign the red-hot housing market may be starting to cool off, according to new data from the Mortgage Bankers Association. 

'Tiny home' village sits empty until operating funds surface

The Low Income Housing Institute says a brand-new 'tiny home' village in Seattle is ready to admit clients in immediate need of housing, but funding that at one time was hoped to come from King County was instead awarded to other projects.