Tri-Cities, Washington, real estate and homes - thoughts and conversation.
Posted in Buyers, Sellers, Tri-Cities Market on Aug 15th, 2008
But it’s not really that scary. We had a fantastic year last year, so this year is ‘just normal’ comparatively.
The important figure to consider is the supply of homes on the market. If there are more than 7 months worth of homes on the market (it would take 7 months to sell out the current [...]
Posted in Tri-Cities Market on Jul 30th, 2008
I spent the first year of my real estate career taking calls about foreclosed-upon properties. I worked at an agency which handled most of the Fannie Mae and Freddie Mac re-sales (Freddie Mac and Fannie Mae are government-sponsored entities which loan a ton of money for the purchase of housing). I spent a [...]
Posted in Tri-Cities Market on Jul 17th, 2008
I love working with a big group of numbers like we get half-way through the year. So far, in every month of ‘08 (except for May), the number of sales have been within a just a few sales of 2003. January was down 21 sales but February evened it out by being up [...]
Posted in Tri-Cities Market, Tri-Cities, WA on Jul 12th, 2008
An unfortunate side effect of a slowing economy is the affect dwindling finances can have on the family pet. When someone needs to weigh buying food for the family vs. buying food for an animal, the family is going to win, every time.
Home sales are down in the Tri-Cities, and foreclosures are on the [...]
Posted in Tri-Cities Market on Jun 23rd, 2008
There’s no really pretty way to discuss this - houses under contract are waaaaay down for May, continuing a trend I’ve been watching since the beginning of the year. If you’re a seller, that’s not a stat you’re excited to hear, but it’s true nonetheless. If you’re asking ‘why’, I’ve got an [...]