Latest news

Living large in Tri-Cities area housing market on the upswing

By Don Fenley / November 26, 2023

Million dollar-plus sales lag last year’s total, but the top-end of the existing residential market isn’t suffering. The same goes for the $500K and up luxury market, which has picked…

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Condo/townhome sellers see 20% price gain

By Don Fenley / November 18, 2023

The highest mortgage rate in years, a stubborn inventory shortage, higher home prices, and higher rents continue stimulating the new and existing condos/ townhomes market. A typical condo owner who…

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Local high-end home sales contradict down market trend

By Don Fenley / November 12, 2023

Existing home sales in the $500K and up price ranges have become a market contradiction in the latter half of this year. While the overall market is headed to pre-pandemic…

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Strip Malls Don’t Fly Under The Retail Radar Anymore

By Don Fenley / November 4, 2023

Strip malls used to fly under the retail radar. Most of the attention focused on open-air malls and the dismal performance of enclosed malls. But that was then and now…

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Assumable loans increasing – not here so far

By Don Fenley / October 28, 2023

GRAY – While monthly existing home sales continue retreating to pre-pandemic levels, the share of mortgage types has not significantly changed. That doesn’t conform to national reports of the number…

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Home sales profit margins up $23,000

By Don Fenley / October 21, 2023

The typical profit on Tri-Cities area single-family existing home and condo sales is up $23,000 (10%) from the first three quarters of last year and trending toward the fourth best…

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Condo market outperforming single-family sales, prices

By Don Fenley / September 30, 2023

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…

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Rental market is tight, but vacancy rates vary

By Don Fenley / September 23, 2023

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…

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Number of cash home sales decline

By Don Fenley / September 16, 2023

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…

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August 2023 Market Toolkit

By Don Fenley / September 12, 2023
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