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A change in mortgage rates always moves this market. The March increased to the 4% plus ranges, and outlooks say more are on the way, was no exception. It was…
Read MoreLast month, new Census data provided a base to compare some regional annual population gains to home sales and prices growth rates. Only four of the counties monitored by NETAR…
Read MoreAre foreclosures really on the rise? You bet they are, but not here in the Tri-Cities region. The wave of new filings is in Chicago, New York, Los Angeles, Houston,…
Read MoreRising costs are making townhomes more attractive to builders and consumers. Construction is increasing on both the U.S. and local levels. Robert Dietz, chief economist of the National Association of…
Read MoreCash sales were down in February, and sellers who went for the deals took an average of $3,627 less than the list price. February’s cash sales market share was 28%,…
Read MoreAs predicted, home sales have gone flat, and the continued lack of inventory is driving prices higher. The early version of NETAR’s Home Sales Report shows February’s pending sales…
Read MoreLawrence 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…
Read MoreJanuary’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…
Read MoreThe 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%…
Read MoreDemographic 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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