Tri-City Area and Real Estate Blog

30-year fixed rate mortgage (FRM) averaged 4.22 percent with an average 0.7 point for the week ending September 1, 2011, matching the previous week when it also averaged 4.22 percent.  Last year at this time, the 30-year FRM averaged 4.32 percent.

15-year FRM this week averaged 3.39 percent with an average 0.6 point, down the previous week when it averaged 3.44 percent.  A year ago at this time, the 15-year FRM averaged 3.83 percent.

5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.96 percent this week, with an average 0.6 point, down from the previous week when it averaged 3.07 percent.  A year ago, the 5-year ARM averaged 3.54 percent.

1-year Treasury-indexed ARM averaged 2.89 percent this week with an average 0.6 point, down from the previous week when it averaged 2.93 percent.  At this time last year, the 1-year ARM averaged 3.50 percent.

With these rates at or near historic LOWS…it is the perfect time to buy your dream home.  If you are ready to buy, sell or relocate contact Distinctive Properties, Inc. today!

509.783.1431  |  800.510.1726  |  www.distinctiveprop.com

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

Do you want to know more about Benton and Franklin county? 

How does the cost of living compare with other major cities in the US?

Who are the Major Employers in the area?

You can view all that information here!
For other information about the area, visit the Tri-Ciy Development Council.

If you are looking to –  buy,  sell, or relocate  –  Contact Distinctive Properties, Inc.  Distinctive Properties, Inc., is the largest independent real estate office in Tri-Cities, Washington, serving Pasco, Kennewick, Richland and the surrounding communities since 1978. Our professionally trained REALTORS are supported by a staff of office specialists.

Here are the weekly Real Estate Stats provided by

http://www.distinctiveprop.com/files/files/1.10.2011Stats.pdf

If you or someone you know is ready to BUY, SELL, or RELOCATE, be sure to think of Distinctive Properties!

Distinctive Properties, Inc., is the largest independent real estate office in Tri-Cities, Washington, serving Pasco, Kennewick, Richland and the surrounding communities since 1978. Our professionally trained REALTORS are supported by a staff of office specialists.

Along Hwy 240, you may notice a large plywood building shell, partly painted blue.  This spring, that building will be transformed to Thomas O’Neil Cellars.  Construction began in August for the 3,000 square foot building that will include a tasting room, production facility, and outdoor patio and stage. 

Owner, Tom O’Neil, had a passion for viticulture when his college, Michigan State University, created a certificate program for it.  He comleted his internship at Chateau Ste. Michelle in Patterson and has been working with wine ever since. 

They will be concentrating on mostly red wines like cabernet, syrah, and merlot; however, they will also feature chardonnay and Riesling.  Future plans also consist of holding small concerts and events next summer. 

For more information, find him on his upcoming website, www.thomasoneilcellars.com, find him on Facebook or call 737-0851

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The weather is great right now. All the better to view an open house or three dozen. Activity was on a roll during the sunny days and the weather is supposed to remain for a few days. Take advantage and contact the professionals at Distinctive Properties, Inc. to discuss your housing needs. The link below contains our latest weekly statistics for property listings in Kennewick, Pasco, Richland, Finley, Burbank, West Richland and the surrounding area.

http://bit.ly/cxnOGY