Tri-Cities Housing Market

Apparently, now I’m lying

By in Real Estate Industry with 0 Comments

A Realtor at a competing brokerage who has been in our business for years, is afraid our market is about to turn bad.  This other Realtor told one of the Realtors in our office that when the Windermere Tri-Cities agents talk about how incredible our market is, we’re lying!!! The Tri-Cities Association of Realtors reported 210 […]

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I’ll have a side of re-fi with that, please…

By in Buyers with 0 Comments

Foreclosures are on the rise in the Tri-Cities area, and state-wide, for that matter.  According to today’s Tri-City Herald (2/25/07), there were 25% more foreclosures in ’06 than in ’05 across the state.  In the Tri-Cities area, there was an almost 19% increase in ’06 (738 trustee sale notices vs. 601) over ’05.  However, the title […]

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Is the first offer TRULY the best offer?

By in Buyers with 0 Comments

There’s a real estate saying…”Your first offer is usually your best offer.”  Like “…location, location, location…”, everyone seems to know that one.  I’ve had sellers ask me, “Is it true?  Is the first offer the best offer?”  Answer… “no, but sometimes it feels like it!” I listed a property on February 2nd, and we had an offer […]

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Seller’s Market in the Tri-Cities?

By in Buyers with 0 Comments

Yes and no…I took at look at the absorption rate over the last 3 months, for houses only in the $175,000 to $195,000 range, across the four main cities.  Our exisiting inventory will last only 2.6 months at the current rate! The breakdown is as follows…0-4 months is a seller’s market, 5-6 months is average, 7+ […]

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