Posts by Don Fenley
April Regional Market Analytics
MARKET PULSE – Inventory continues snail’s pace improvements
There were 1,440 active listings in the Tri-Cities region in April. That’s a 7% improvement over April 2023 and 47% better than it was when invitatory bottomed out in 2021.…
Read MoreMARKET PULSE – Population count shows more births, fewer deaths
There was a subtle, but significant, change in the Census Bureau’s latest local population estimates. It wasn’t so much about the Tri-Cities region’s growth rate. As expected, nine of the…
Read MoreMarket Pulse – Mortgage-Fee Properties Give Local Economy A Cushion
Although real estate’s contribution to the overall Tri-Cities area economy has flagged from the early post-pandemic years, it still accounts for about 16% of the local economy. During the first…
Read MorePending home sales up 15% on more high-end contracts
Pending sales jumped 15.1% in March on a 113.3% increases in the number of new contracts in the top bracket of the move-up market. Although demand – as monitored by…
Read MoreLocal housing affordability gains ground
Local housing affordability has made its best gains in a year on the Atlanta Federal Reserve Bank’s Homeownership Tracker. The monitor is a little different from some of the more…
Read MoreMARKET PULSE – New home sales up, average price down
Unlike the existing home market that’s slogging into prime season with a 17% sales increase, new construction sales are booming. So far this year sales are double what they were…
Read MorePending home sales up spring forward
It’s official. Spring in here, and pending home sales are perking up from January’s lackluster performance. They’re not the only thing looking up in a market seeing a lot of…
Read MoreMARKET PULSE – Inventory building for prime home sales season
Although there probably won’t be a big dip in mortgage rates for the prime home buying and selling season, the season is taking shape with guarded optimism. There are more…
Read MoreMARKET PULSE – Feb. $1 million plus sales included lots of land
There were two $1 million plus sales last month. Both were more about the land than the homes. At the same time, overall luxury home market made a strong rebound…
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