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Rising 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…
Read MoreBuyers, sellers, and Realtors® have a long list of things to watch for as the market gears up for this year’s spring buying and selling season. The trend toward less…
Read MoreTri-Cities vacant land transactions joined the rest of the real estate industry segments last year for its best-ever year. Sales and leases were up 40.8%. They have increased 214% since…
Read MorePrices were up 9.5% for local condominiums and townhomes last year, but sales were down. Lack of inventory and the local preference for detached housing are the drivers for what’s…
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