Archive for June 2025
MARKET PULSE – Sellers increasing home price reductions
Tri-Cities home sellers are rebalancing their asking prices in the wake of slower sales, increasing inventory, consumer concerns about affordability and mortgage rates. While the overall region remains a seller’s…
Read MoreHousing market heats us, so do the scams
Summer is here and the housing market has heated up. But unfortunately, so have real estate scams. Everywhere you turn, it seems like there’s a story about a lawsuit or…
Read MoreMARKET PLUSE – Seasonal surge, consumer demand drive higher May new listings
A new listing seasonal surge was underway in May with a 7.8% (81 listings) increase compared to this time last year. Most of the increase was in the mid-to top-end…
Read MoreThere’s light at the end of the housing market tunnel
At the recent Realtors® Legislative Meetings in Washington, D.C., National Association of Realtors® (NAR) Chief Economist Lawrence Yun took a moment to laud NAR members for their work. It deserves a wider…
Read MoreMARKET PLUSE – $1 million plus market perks up in May
Tri-Cities high-end home market shook off April’s doldrums in May with stronger demand, quicker sales, and a dramatic price improvement. A detailed comparison with May last year shows sales volume…
Read MoreEnergy efficiency is marketing muscle
By WAYNE PORTER Despite this year’s unseasonably mild May temperatures, Summer is here and if the long-range outlook is right, it’s going to be hot. The Tri-Cities are predicted to…
Read MoreMARKET PULSE: May mobile home sales up 7.9%, sellers adjust prices to close deals
Tri-Cities manufactured home sales posted a modest 7.9% year-over-year gain in May. There were 68 sales, up from 63 last year. While overall activity ticked up, pricing patterns and time-on-market…
Read MoreWhy Realtors Are Worth Every Penny
For this week’s column I’ve gone to the National Association of Realtors® (NAR) list showing why Realtors® are worth every cent they’re paid. It’s a long list, but one the…
Read MoreNAR Chief Economist Lawrence Yun Says Mortgage Rates’ Fast Rise Hurt Housing Market, During Realtors® Legislative Meetings Economic Forum
WASHINGTON (June 3, 2025) – National Association of Realtors® Chief Economist Lawrence Yun said existing home sales will increase by 6% in 2025 and by 11% in 2026 during the…
Read MoreMARKET PULSE: Townhomes are Tri-Cities top housing market performer
April’s townhome market shows the growing appetite in the Tri-Cities area for low-maintenance and affordable housing. The regional townhome market outlook is showing signs of normalization faster than the rest…
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