TRI-CITIES, Wash-- A new study predicts the Tri-Cities Metro area will be the best rising residential market in 2010. Tri-Cities realtors say our market is turning into a seller's market where almost everywhere else in the nation home prices are dropping. Federal Housing Enterprise Oversight did the forecast. Realtors predict houses will start selling fast as jobs at Hanford bring more people to our region. If you watch national news you hear the words foreclosure, short sale, and losing equity, but our market tells a different story. Realtors say with only about 1,100 homes on the market, we are heading towards a shortage and home prices will start going up. "Most places around the nation are still in a buyer's market. We have price points in the Tri-Cities which are closely becoming close to a sellers market,..." [Read the rest of the article] Posted by Colleen Lane on
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I search all around North America and parts of Europe looking at home sales reports. The idea is I was looking for a pickup this spring. In many areas we have gotten it. I understand your note that the housing stock sold in this year is slightly bigger, but it seems the price increase was greater proportionally to the size differential. This is a good thing either way. Your market seems like it is being affected by the mortgage money and the lag in prices in the past couple of years. Lets hope it continues to firm up. Our market in Bergen County New Jersey has been getting better all spring. I hope it also continues. People who have been waiting for this buyers market to buy should step up, it is starting to change.

Posted by Richard Stabile Bergen County Real Estate on Monday, May 18th, 2009 at 6:45pm

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