Tri-City Area and Real Estate Blog

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!

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!

Are you curious to know about the Tri-Cities Real Estate Market and how it is doing this week?

Check out “The Tri-Cities Real Estate Market” section on Distinctive Properties, Inc. Trusted Links webpage below…

http://www.distinctiveprop.com/relocate/

Not only can you view this weeks real estate stats, but we keep 6 weeks worth of statistics posted for you enjoyment!

The Beautiful Rivers of the Tri-Cities…

I found this article http://www.tri-cityherald.com/2010/09/19/1174979/construction-remains-strong-in.html on the Tri-City Herald’s website. 

I found it interesting and wanted to share.