Tri-City Area and Real Estate Blog

Ever wonder what is going on in your local Real Estate Market? 

There is no need to wonder any longer.  At Distinctive Properties, Inc., we provided a weekly report showing what is happening in the area!

Check out our statistics for this week right HERE.
When you are ready to buy, sell or relocate….

Contact

Data analysis firm, ProximityOne, has made their population predictions stating the U.S. Population will rise from 2010 to 2020 to a total of 337.1 million people; this will be a 8.9% increase. 

Tri-Cities is ranked number 2 of 10 to see this population increase.  They predict our area will see a 35.3% increase, raising the population from 255,485 in 2010 to 345,779 in 2020.  Below are the other areas that made the top 10. 

Kennewick, Richland, Pasco was ranked #2 following the 32.6% population increase seen from 2000 to 2010.  Due to the areas relatively low unemployment rate (7.3 percent in April) and a multi-industry economy, Inman’s voted Tri-Cities #5 in their top ten Real Estate markets to watch in 2011.

Among the 366 metro areas in the U.s., 43 areas are expected to see population decreases. 

If you are ready to buy, sell or relocated….Contact Distinctive Properties, Inc.!!  (509) 783-1431!

Head down to Columbia Park July 29 – July 31 to view/participate in any of these Water Follie events:

Friday July 29
All Day Free Fries Fryday
8:15 AM Grand Prix West Testing
9:10 AM Unlimited Hydroplane Testing
11:30 – 1:30 HAPO Community Credit Union Over the River Air Show
1:50 PM Unlimited Qualifying – H1 Unlimited Fast Lap Friday
4:00 PM Vintage Unlimited Hydroplane Exhibition
4:40 PM Grand Prix West Challenge Race
5:10 PM Western States Insurance Unlimited Hydroplane Dash for Cash

Saturday July 30
8:15 AM Grand Prix West Testing
9:10 AM Unlimited Hydroplane Testing
11:30 – 1:30 HAPO Community Credit Union Over the River Air Show
12:00 PM Hydro Drivers Autograph Session
1:50 PM Legends Casino Vintage Heat 1
2:20 PM Babcock Services Grand Prix West Heat 1
2:30 PM Air Show Performer Autograph Session
2:50 PM Cascade Natural Gas Unlimited Hydroplane Heat 1A
3:10 PM Plumbers & Steamfitters UA Local 598 Unlimited Hydroplane Heat 1B
3:40 PM AHBL, Inc. Grand Prix West Heat 2
4:00 PM Legends Casino Vintage Heat 2

Sunday July 31
8:15 AM Unlimited Hydroplane Testing
9:30 AM Grand Prix West Testing
10:15 AM Vintage Hydroplane Testing
11:00 AM Opening Ceremonies
11:30 – 1:30 HAPO Community Credit Union Over the River Air Show
1:50 PM Connell Oil Unlimited Hydroplane Heat 2A
2:10 PM American Family Insurance Unlimited Hydroplane Heat 2B
2:30 PM Legends Casino Vintage Heat 3
3:10 PM  Plumbers & Steamfitters UA Local 598 Unlimited Heat 3A
3:30 PM Cascade Natural Gas Unlimited Heat 3B
3:50 PM Atomic Screenprinting Grand Prix West Final
4:30 PM Lamb Weston Columbia Cup Unlimited Final
4:45 PM Awards Ceremony – ANG Stage

Air Show Schedule (Fri-Sun 11:30-1:30)
11:35 AM Bad Yak!
11:47 AM CAF B-17/B-25
12:02 AM USCG Rescue Deno
12:22 PM Bill Stein Airshows
12:34 PM John Klatt
12:46 PM Huey/Cobra Helicopters
13:05 PM ACC F-15E Strike Eagle
13:25 PM End of Air show

SCHEDULE SUBJECT TO CHANGE
SPONSORSHIPS AVAILABLE – CONTACT THE TRI-CITY WATER FOLLIES FOR ADDITIONAL INFORMATION

Looking for something fun to do? 

Get your tickets to the Dessert Theater put on by Broken Leg Entertainment.  They are performing Neil Simons’ California Suite. 

California Suite is a 1976 play by Neil Simon. Similar in structure to his earlier, Plaza Suite, the comedy is composed of four playlets set in Suite 203-04, which consists of a living room and an adjoining bedroom with an ensuite bath, in The Beverly Hills Hotel.

Check out the flyer below and find what date and time suits you best!!

Are you ready to sell your home?
Let Distinctive Properties, Inc. help you do that!

Currently, we have 27 agents ready to list your home. 
Here are a few of the things our agents will do for you and your home: 

• Give advice regarding price and terms; prepare Comparative Market Analysis (CMA).
• Estimate closing costs and net proceeds.
• Promote seller’s best interest.
• Negotiate best price and terms for seller.
• Disclose buyer’s motivation and strategy, if known.
• Use the MLS (Multiple Listing Service), and a variety of other sources to help determine the best selling price for your home.
• Place your home in MLS, so all local REALTORS can help find the right buyer.
• Qualify buyers before showing them your home.
• Promptly counsel you on all contracts and offers presented.
• Attend the closing and help explain all the details.
• Turn over house to buyer.
• Maintain confidentiality.

Not only will your agent be knowledgeable about your home and its features and benefits, but all of our agents take a weekly tour of all our new listings.  This way whenever potential buyers inquire about your property, everyone can provide the knowledge it will take to sell your home. 

So if you are ready to sell, call Distinctive Properties today to have your home put on our DISTINCTIVE TOUR!

30-Year Fixed-Rate Mortgage is Up Slightly for Second Week
30-year fixed-rate mortgage (FRM) averaged 4.86 percent with an average 0.7 point for the week ending March 31, 2011.  This is up from last week when it averaged 4.81 percent.  At this time last year, the 30-year FRM average 5.08 percent.

15-year FRM this week averaged 4.09 percent with an average 0.7 point, up from last week when it averaged 4.04 percent.  At this time last year, the 15-year FRM averaged 4.39 percent.

5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.70 percent this week, with an average 0.7 point.  This is up from last week when it average 3.62 percent.  At this time last year, the 5-year ARM averaged 4.10 percent.

1-year Treasury-index ARM average 3.26 percent this week with an average 0.6 point, up from last week when it averaged 3.21 percent.  At this time last year, the 1-year ARM averaged 4.05 percent. 

Mortgage rates are on the rise.  The time to buy a house is now!

If you are ready to buy, sell or relocate —— THINK DISTINCTIVE!