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Archive for February 2022

Higher home prices shutting out some buyers

By Don Fenley | February 27, 2022

Lawrence Yun, NAR’s chief economist, recently commented on a CNN report that more supply is needed at the lower end of the market to achieve more “equitable distribution of housing…

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That’s Who We R shows how Realtors® make a difference

By Rick Chantry | February 27, 2022

If you watch broadcast TV you’ve probably seen one of the “That’s Who We R” spots. If not, here’s what it’s all about.  The spots are part of a National…

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January pending sales down 10.9% from December

By Don Fenley | February 24, 2022

Pending home sales trended lower for the fifth straight month in January.   Sellers OK’d 684 contracts, down 84 from December and 41 fewer than January last year.   Pending sales are a…

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There’s less than a month’s townhome, condo inventory for sale

By Don Fenley | February 20, 2022

January’s Tri-Cities condo market was a lot like the existing homes sector with the inventory situation on steroids.  Last month the 37 closings were down from 50 last year while…

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Home inspections are important; here’s what to expect

By Rick Chantry | February 19, 2022

Our housing market is truly in uncharted waters. It was only several months ago when almost all the predictions were for a 2022 market that would be competitive but not…

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Local commercial real estate up 52%, good outlook for 2022

By Don Fenley | February 16, 2022

The Tri-Cities commercial real estate market kicked off the new year with a 52% increase in transactions as last year’s growing demand extended into the new year.  Cassie Petzoldt said…

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Local cash sales at 10-year low, still higher than U.S. share

By Don Fenley | February 13, 2022

The current national Attom Data Solutions report on cash sales is good example of how local market conditions don’t always follow the U.S. model.  U.S. cash sales accounted for 30.3%…

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Into the weeds with January’s home sales report

By Rick Chantry | February 13, 2022

January’s Home Sales Report was a little like the stereotypical hangover after a big New Year’s Eve Party.  The comparison to December’s sales was a sobering 30% decline. The median…

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Demographics exert more influence on housing market

By Don Fenley | February 7, 2022

Demographic dynamics are rapidly becoming a bigger factor for the housing market. Millennials and the elder GenZers are aging into their prime home-buying years. Combined, they account for the single…

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Watch inventory to see how the market will behave

By Rick Chantry | February 6, 2022

To get a feel for what the housing market will look like as we head into the prime buying and selling season the metric that stands out is inventory. At…

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