What's New This Month

Summer is here, and if you have kids at home, you're already well aware! Longer days, beautiful sunny weather (and a house full of restless energy) bring plenty of opportunities for real estate professionals across West Virginia and beyond. June also marks National Homeownership Month — a time to celebrate the families working toward the American Dream, as well as our roles in making that dream a reality. As always, we've gathered the most recent resources, updates and insights in our industry to keep you one step ahead.


Best regards, 

Rachel Showalter, Agency Operations Manager

21st Century ROAD to Housing Act: Latest Updates

The bipartisan 21st Century ROAD to Housing Act, aimed at expanding housing supply, modernizing federal housing policy and addressing affordability, is making its way through Congress. The House released a revised version on May 14, but the House and Senate remain at a standoff over key provisions, meaning differences between the two versions still need to be ironed out before anything reaches President

Trump's desk. 

How Tariffs Impact Commercial Real Estate

With aluminum, copper and steel facing 50% tariffs and softwood lumber hit with additional duties, J.P. Morgan's 2026 analysis estimates construction materials costs have risen roughly 6% from pre-tariff baselines, and the uncertainty isn't over. For professionals advising on new construction deals, development loans or renovation financing, understanding how trade policy is reshaping project economics and closing timelines is increasingly

non-negotiable. 

Foreclosure Filings Are at a Six-Year High — and It's Not Just About Rates

Q1 2026 saw 118,727 foreclosure filings. That’s a 26% year-over-year jump and the highest level since 2020, according to ATTOM data. HousingWire's reporting reveals that rising insurance costs, property taxes, HOA fees and other ownership expenses are pushing homeowners into distress even when they locked in pandemic-era sub-4% mortgages. Read more here.

Innovation

As real estate deals grow more complex in 2026, Joseph Ruhl argues that attorneys can no longer afford to treat banking as an afterthought. From tightening IOLA compliance rules and rising wire fraud threats to creative financing structures and deposit-insurance gaps, Ruhl outlines the financial blind spots that can derail closings and licenses. The solution, he contends, lies in choosing banking partners with deep legal expertise, not just financial services. Read more here.

Mortgage Trends

The 30-year fixed-rate mortgage averaged 6.36% as of mid-May 2026, with Freddie Mac noting that new-home sales have seen a boost and median new-home prices have dropped to their lowest level since July 2021, helping to ease affordability pressures. Most experts expect rates to remain in the low 6% range through summer, creating a more stable environment for buyers and sellers alike. For a full breakdown of what's driving rates and what to watch for in the months ahead, Norada Real Estate's latest forecast is a helpful read. 

Professional Development

Whether negotiating a rate lock, a purchase price or contract terms, the ability to reach better outcomes at the table is a universal professional skill. In this article, Harvard Business School outlines six core negotiation skills every professional can develop, from understanding your BATNA to building rapport under pressure. It's a useful refresher for anyone whose work involves reaching agreements with clients, counterparties or colleagues. 

Market Highlights

After years of historically tight inventory and seller-favored conditions, housing economists are pointing to a meaningful shift. According to a recent report from Chicago Agent Magazine, which draws on data from Realtor.com, Homes.com and Zillow, the current housing market is active but balanced. What does this mean? Buyers are more selective, and sellers are increasingly motivated by personal needs rather than market timing. For title professionals, this shift brings opportunity and a chance to be the steady hand clients rely on through every transaction.

National Homeownership Month: Tips for Your

Future Homebuyers

As we mentioned, June is National Homeownership Month. It’s one of our favorite times of the year, because homeownership is exactly why we do what we do. If you work with first-time buyers or know someone ready to stop renting and start owning, pass these tips along. 


Know your credit score before you start shopping. This one matters more than most people realize. A score of 740 or above can unlock significantly better mortgage rates and loan terms, resulting in real savings. Pull a free report at AnnualCreditReport.com and dispute any errors before applying for your mortgage. 


Get pre-approved, not just pre-qualified. A pre-approval shows sellers you mean business. It also gives you a realistic price range so you know exactly what you can afford before you start shopping. 


Budget beyond the down payment. Many first-time buyers save for the down payment and forget about everything else. Closing costs, moving expenses and other fees can add up quickly. Plan for an additional 2–5% of the purchase price, so there are no surprises at the closing table.



Don't skip the title search. Title insurance protects your investment against hidden claims, liens and ownership disputes. It's one of the most important parts of the closing process, and one that buyers often don't fully appreciate until they need it. Have any questions about title? Our team will get you

the answers!