Archive for September 2023
Buying a flipped house? Check and double check it out
Affordability is at the top of today’s real estate pyramid of concerns. Prices have seen double-digit increases during the past three years and they’re on track for an annual appreciation…
Read MoreCondo market outperforming single-family sales, prices
Condo sales are a minor part of the local housing market, but things are changing. During August, the condo/townhome market’s sales and prices outperformed the single-family market. August isn’t a…
Read MoreComplex housing market increases Realtors’ worth
Skyrocketing mortgage rates crimped affordability, and inflation have taken much of the shine off this year’s buying and selling season. But, it hasn’t totally stifled consumer demand even when combined…
Read MoreRental market is tight, but vacancy rates vary
Does anyone have or know of a rental coming on the market rental? You don’t have to look hard to find rental requests on social media. It’s also common when…
Read MoreNational firms put more pressure on local mom-and-pop firms
Here’s a trend many consumers will applaud. More national brand tenants are coming to or expanding in the Tri-Cities. And it’s a trend that is and will continue putting more…
Read MorePending home sales post small seasonal gain
The local housing market saw a small seasonal pending sales uptick last month. They’ve increased in August in four of the last six years before arching lower as the market…
Read MoreNumber of cash home sales decline
There are not nearly as many cash deals for single-family homes this year, and they lost market share for the third straight month in August. Instead of trending slightly higher…
Read MoreMarket’s still messy, but as competitive as ever
Despite a perfect affordability storm that continues to thwart many aspiring homeowners, the local housing market remains as competitive as ever. Small changes – some encouraging and some stuck in…
Read MoreHome sales see small gain, prices make small dip
Small changes were the hallmark of August’s housing market. Prices dipped slightly below July’s level but were 9 percent higher than last year. Sales eked out a small monthly gain…
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