Cash home buyers maintained a strong position during the second quarter, but institutional investors have all but retreated from the seven-county area Tri-Cities area. At the same time, there was a big drop in distressed sales. According to Attom Data… Read More ›
REAL ESTATE
Inventory crunch throws shade on local housing affordability
Median-price homes were not affordable for average wage earners in 74% of the U.S. housing markets during the second quarter of this year. Fortunately, that’s wasn’t the case in Sullivan and Washington counties. But that doesn’t mean the housing affordability… Read More ›
Tri-Cities apartment market: Strategic growth, are higher rents reaching tipping point?
At mid-year, the Tri-Cities apartment market is a cauldron of strategic growth, heightened investor interests pushing the upper limits of local average rent market prices and some concerns about rent concessions. According to Realtor.com, renting is currently a better economic… Read More ›
Local home flip market sees slight softening from last year; gross median profits up
During the first three months of this year, 115 homes were flipped the four local counties analyzed in Attom Data Solutions Q1 Home Flipping Report. The number of flips as a percent of total sales in Washington and Carter counties… Read More ›
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