Tri-Cities Real Estate Market: June Stats (very late!)
Posted on Aug 1, 2010 by Cari McGee in Tri-Cities Market
Take a look at June’s stats for the Tri-Cities real estate market. You’ll see a marked uptick for real estate business that month. Remember, May showed a precipitous decline in homes under contract, because the tax credit expired April 30th. June CLOSINGS were phenomenal because until Congress extended the closing deadline, all of those deals [...]
Tri-Cities Apartment Vacancy Rates Hover at 2%
Posted on Jun 17, 2010 by Cari McGee in Tri-Cities Market, Tri-Cities, WA
That’s right, the rentals are 98-99% occupied. So, for every 100 rental properties, only one or two are available for people to live in because the rest already have people living there. This is a big problem for anyone looking to rent and not buy. As I detail in this post from almost a year [...]
Tri-Cities Housing Stats through May, 2010
Posted on Jun 10, 2010 by Cari McGee in Tri-Cities Market
This month I’m going to focus on a graph that is frankly, frightening, unless you understand some of the whys and wherefores that surround it. Aaaaaaahh! See? Scary! The 2010 line takes a sharp turn and plummets down in the month of May. If you just glance at it, it appears as if the market [...]
Real Estate Tax Credit: Its Effect on the Tri-Cities Market
Posted on May 28, 2010 by Cari McGee in Buyers, Tri-Cities Market
This year, between April 23rd and May 5th, 189 homes went under contract in the Tri-Cities. Between May 6th and May 19th, 72 homes went under contract. Both are 14-day time periods in the same market. What can explain this tremendous drop? Why would Tri-Cities home buyers suddenly stop writing contracts at the pace they [...]
Should I Buy or Rent a Home in the Tri-Cities?
Posted on Apr 27, 2010 by Cari McGee in Buyers, Tri-Cities Market
Is now the time to buy a house in Tri-Cities? Or is it the time to rent? These aren’t the best questions to ask right now, because rentals are as scarce as a hen’s teeth around here. But let me share something about buying vs. renting, anyway. This article in the New York Times discusses [...]
Cracking the Real Estate Code
Posted on Apr 21, 2010 by Cari McGee in Real Estate Industry, Tri-Cities Market
I love working in this market. We not only are selling homes and have a somewhat stable economy, but we also have about 700 agents, about 500 of which are full-time, and so that’s a nice number of agents to get along with and know. On Sunday, I presented an offer to some clients. The [...]
Tri-Cities New Building Permits Almost Triple!
Posted on Apr 19, 2010 by Cari McGee in Tri-Cities Market
If you read the Herald yesterday, you might have caught this article about the upswing in new construction. Other than the fact that this means more jobs, and a boost to the economy, it’s good news for the local real estate market, too. When no one is building new homes, the current supply of homes [...]
Tri-Cities Foreclosures are Down (That's Good)
Posted on Apr 16, 2010 by Cari McGee in Mortgages, Tri-Cities Market
I saw an alarming statistic the other day. Foreclosures are up nationwide. The headline is a bit misleading, though – it’s the largest jump in five years. They’ve only been tracking it for five years, so it’s not as dire as the headline makes it sound! But you cannot argue with the math taken from [...]
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