News

October 31, 2016
By MARSHA STOWELL Six years ago, the folks at Pew Research gave the public a demographic reality check with a factoid that painted a vivid picture. They explained that on Jan. 1, 2011, the 10,000 oldest members of the Baby Boom Generation would turn 65. Then they drove the point home by pointing out that another 10,000 would cross that threshold every day for the next 19 years. It didn't have a big immediate impact. People had...
October 23, 2016
Marsha Stowell
By MARSHA STOWELL It's common knowledge that the Tri-Cities area economy follows the national economy by six months. It's also an example of common knowledge that mostly myth. If only things were that simple, especially when you need to check out the local housing market economy. The truth of the matter is the only component of the local economy...
October 17, 2016
MARSHA STOWELL  
By MARSHA STOWELL Home buyers who began shopping during the peak season, and are still looking, are likely weary from the lack of choice and competition they've encountered. Now that nights are cooler, and the leaves are beginning to turn, a normal reaction is to refocus their attention to things like the upcoming holidays. Now is not the time...
October 10, 2016
By MARSHA STOWELL There's no argument that buying a home is the single largest financial decision most families make. Page 2 of that story is a home inspection is at the top of the list for the single most important procedure before the deal is done. Sellers are required to disclose all defects of the home they're selling that they know about. That's what happens most the time. There are things that happen over time that aren't...
October 10, 2016
By MARSHA STOWELL Mortgage rates don't get much attention in housing market discussions these days unless the subject is refinancing. It's not because they don't matter. They're very important. In the current hierarchy of real estate transactions mortgage rates rank so low they've taken a backseat to things like inventory and credit availability. The monthly average commitment rate for a 30-year fixed-rate mortgage has been...
October 10, 2016
By MARSHA STOWELL The latest National Association of Realtors® Housing Opportunities and Market Experience (HOME) survey dropped a bombshell on some real estate professionals. The survey of more than 2,700 people found one of the top reasons many potential buyers are hesitant about buying a home because they think they need a 20% down payment. What’s most disappointing is this is most prevalent among young adults at or nearing...

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