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What the Hanford Layoffs DON’T Mean

By in Buyers with 0 Comments

I have some clients currently trying to buy a house.  The wife of the couple told me on Friday, “If they don’t accept our offer, too bad.  There are layoffs, and lots of houses will be coming on the market.  We’ll find something else.”

I have issues with a lot of what she said, but that is another topic for another post for another time.  Here’s the main problem –

I told my family on Saturday, “She’s wrong.  The people who were laid off knew they were here temporarily. And because they knew they’d be leaving in a couple years, they didn’t buy a house.  They rented.  Which is why it was nearly impossible to find a rental for the past couple of years.  NOW, they’ll be leaving, right when a ton of new apartment complexes have finished being built.  So, there will be all kinds of rental availability, but not houses.  Houses will not be flooding the market.”

And look what showed up on KEPR-TV today…

“It’s Getting Easier and Cheaper to Find an Apartment in the Tri-Cities”

The article goes on to say pretty much what I told my family yesterday.

I love it when a theory, based on market knowledge, is confirmed to be true by a news source!

 

 

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About The Author
Cari McGee

My husband and I came to the Tri-Cities in 1994, and we thought it would be a temporary stop on our way to larger cities. He was a television sports anchor at the time, and we planned to go wherever the "next step up" took us. Twenty-plus years later, we're still here and we've loved every minute of it! We have two children now, and we've found the Tri-Cities area is a wonderful place to raise a family. It's a great place to do outdoorsy things -- I like to hike Badger Mountain or run along the river path. I also love reading ... by a cozy fire in the winter or a beautiful picture window in the summer (with the A/C on!). I've been a licensed Realtor since 2004. I earned my managing broker's license in 2016, which means I can run my own brokerage, or create a team of real estate agents and supervise them, which is exactly what I did when I formed the Cari McGee Real Estate Team in 2018! We have administrative and marketing personnel, as well as additional agents to serve you. I became a director of the Tri-Cities Association of Realtors Board of Directors in 2016, became Secretary/Treasurer of the organization, and was elected to Vice President in 2019. Want to talk about real estate? Click here to schedule a meeting with me!

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