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Dave Gallagher

Dave Gallagher

Director, News Reporting

Dave's journalism career spans 24 years covering business, the economy and real estate in Northwest Washington. He's also a numbers nerd, examining data to spot emerging trends in industries. Having started his career as a sports writer, he's a lifelong baseball and soccer fan and recently discovered pickleball. He grew up in Yosemite National Park and earned his journalism degree at Humboldt State University in northern California.

Real estate goes through cycles — but this one is out of orbit
Some economists say the four-phase housing market cycle has been consistent for decades. But the current market’s “correction” phase isn’t behaving as expected.
August 1, 2026
The housing market’s summer slumber intensifies as rates rise
The highest mortgage rates of the year are hitting at a time when home sales are already starting their seasonal slowdown, further suppressing activity.
July 30, 2026
US housing market drawing less interest from foreign buyers
The number of U.S. homes purchased by international buyers fell 14% year-over-year — the second-lowest level in NAR records dating back to 2009.
July 30, 2026
CoStar improves profitability but fails to wow investors
Despite again reporting year-over-year revenue growth, CoStar’s share price fell amid investor queries about Homes.com and headwinds in the rentals space.
July 28, 2026
Judge dismisses case alleging Zillow violated RESPA, RICO laws
The Taylor case claimed Zillow incentivized partner agents to steer homebuyers to its mortgage division. The plaintiffs can refile, but must do so by Aug. 17.
July 27, 2026
Surging oil prices, T-bonds push mortgage rates closer to 7%
The Iran war escalation is spooking financial markets and raising inflation concerns. And next week’s Fed meeting isn’t likely to “signal any immediate relief.”
July 23, 2026
Purchasing power is up, but that’s not helping homebuyers
A report comparing the cost of living in 1974 to 2024 shows that rent burdens are relatively lighter today, but home prices have outpaced gains in buying power.
July 21, 2026
Where demographic shifts could impact home prices, supply
As more baby boomers sell, localized “Silver Tsunamis” may improve affordability for some buyers, but overall effects will be modest, recent research suggests.
July 14, 2026
Market instability ‘putting a damper on sales’
Existing home sales fell in June, cutting short the momentum seen a month earlier. Consumer caution — and elevated mortgage rates — are likely culprits.
July 9, 2026
Zillow Pro expands, pulling back the curtain on consumer search
No search activity is shared without consent, a spokesperson said. Zillow Pro aims “to help agents deepen existing relationships, not prospect strangers.”
July 9, 2026
Home sale expectations tempered for second half of 2026
The market should continue to plod along, with slight gains expected compared to last year as buyers and sellers continue “adjusting and showing up.”
July 8, 2026
Tech wealth reshaping San Francisco’s housing market
The overbidding trend driving up luxury home prices is expected to continue through 2026 as the AI boom brings more high-salaried home shoppers into the city.
July 6, 2026
Mediocre jobs data is no cause for alarm — or celebration
Job growth was far more sluggish than expected in June — but probably not enough to panic a Federal Reserve that remains concerned about rising inflation.
July 2, 2026
A ‘functioning’ housing market has arrived, report suggests
Several consecutive months of falling asking prices and rising pending sales indicate that sellers are pricing to meet the market — and finding buyer interest.
July 1, 2026
Housing challenges ‘demand coordinated action,’ report says
Household growth is slowing, people are moving less often and immigration is falling — all factors that may further drive down demand in the years ahead.
June 26, 2026
‘Worst of the pain’ may be over for stalled housing market
Though pending home sales continue to stay ahead of last year’s pace, elevated rates and rising inflation are sapping momentum heading into the summer months.
June 25, 2026
‘Resilient’ new homes segment takes a hit as sales fall
May data shows new home sales fell 7.3% month-over-month and 6.8% year-over-year as affordability concerns and economic uncertainty weighed on consumers.
June 24, 2026
1 in 2 consumers now say it’s better to buy than rent
Though high rates and home prices continue giving many consumers pause, 53% believe buying a home is a better option than paying rent or moving in with family.
June 23, 2026
New home regulatory costs up 40% in 5 years, study finds
Total regulatory costs involved in building the typical new single-family home now exceed $131K — up from about $94K five years ago, according to the NAHB.
June 22, 2026
A ‘lasting’ US-Iran deal could ‘help bring mortgage rates down’
With the Strait of Hormuz starting to reopen, oil prices have dropped — and mortgage rates are beginning to tick down amid hopes for easing inflation.
June 18, 2026

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