Category Archives: Real Estate News

Information on the Real Estate market in the greater tri-city area.

Survey: Buyers Rank Commute Time Above Square Footage

Posted on July 5, 2019 by Debbie Prosser

July 5, 2019 Commute time is an important factor to buyers when they’re deciding on a home to purchase. Eighty-five percent of buyers say they would sacrifice other home features, such as lot size, square footage, and home style, in … Continue reading →

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Gap Widens Between What Buyers Want, What’s for Sale

Posted on June 28, 2019 by Debbie Prosser

Home buyers are finding fewer homes for sale that are meeting their price expectations. Half of all home buyers say they’re looking for a home priced under $288,000. But that is 9.1% below—or $27,000 less–than the median list price of … Continue reading →

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Mortgage Rates Drop to 2-Year Lows

Posted on June 10, 2019 by Debbie Prosser

This marks the sixth consecutive weekly decline for mortgage rates, leaving some borrowers wondering how low will they go. The 30-year fixed-rate mortgage averaged 3.82% this week, the lowest average since September 2017.  “While the drop in mortgage rates is … Continue reading →

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Home Sizes May Be Indicator for Economy’s Health

Posted on June 4, 2019 by Debbie Prosser

June 4, 2019 The size of newly constructed homes may be a sign of how well the economy is doing, according to a new analysis by Robert Dietz, chief economist for the National Association of Home Builders. “Typical new-home size … Continue reading →

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Consumers Say Housing Is a Strong Financial Investment

Posted on May 23, 2019 by Debbie Prosser

May 23, 2019 Sixty-five percent of households nationwide view buying a home in their ZIP code as a good financial investment, according to the Federal Reserve Bank of New York’s 2019 Survey of Consumer Housing Expectations. Nearly 72 percent of … Continue reading →

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Gen Xers’ Adult Children Influence Their Buying Decisions According to Realtor® Report

Posted on April 3, 2019 by Debbie Prosser

WASHINGTON (April 1, 2019) – One in six Gen Xers purchased a multi-generational home, overtaking younger boomers as the generation most likely to do so; with 52 percent of those Gen X buyers indicating that they did so because their … Continue reading →

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45% of Millennials Expect Their First Home to Be Their ‘Dream Home’

Posted on March 29, 2019 by Debbie Prosser

Young adults have waited longer than past generations to jump into homeownership. As they wait, that may have upped their expectations over what their home will look like for when they finally do take the plunge into ownership. Forty-five percent … Continue reading →

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Pending Home Sales Jump 4.6 Percent in January

Posted on March 13, 2019 by Debbie Prosser

WASHINGTON (February 27, 2019) – Pending home sales rebounded strongly in January, according to the National Association of Realtors®. All four major regions saw growth last month, including the largest surge in the South. The Pending Home Sales Index,* www.nar.realtor/pending-home-sales, … Continue reading →

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Lower Mortgage Rates May Sprout Early Spring Buying Season

Posted on February 26, 2019 by Debbie Prosser

Mortgage rates inched lower for the third consecutive week. Freddie Mac Chief Economist Sam Khater says the lower rates bode well for the spring home buying season, typically the busiest time of the year for home shopping. “Mortgage rates … … Continue reading →

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