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Windermere Group One Main Office

490 Bradley Blvd Richland, WA, 99352
Office: 509-946-1188

Windermere Group One Southridge Office

3617 Plaza Way Suite A Kennewick, WA, 99338
Office: 509-737-1141

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Real Estate Information and Advice

The February 2017 edition of the Tri-Cities Insider provides an update on the local Tri-Cities real estate market, including inventory of active homes for sale, months of inventory, total homes sold and the average sales price.

The information below offers a comparison of the February 2017 market activity vs. February 2016.

  • Active Inventory was down to 386 units this year compared to 526 in February 2016
  • Closed home sales were slightly lower at 214 this year compared to last year's closed sales at 257
  • Average sales prices this year are up 5.3% compared to February 2016

For a more in-depth analysis, download our full Tri-Cities Insider Report February 2017.

 Tri-Cities Insider for February 2017

Real Estate statistics were

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Windermere Group One Newsletter

Using Drones In Real Estate

Changing The Way We View Properties -

As the spring home buying season gets underway, drones may be a more common sight above homes about to go on the market. More and more real estate professionals are using drone photography and videos to better market their listings.

In August of 2016, the Federal Aviation Administration relaxed its restrictions on the use of drones. Drone pilots no longer need an FAA pilot's license and only require a $150 remote pilot certificate.

The National Association of Realtors® has set up a resource page (click here) to help Realtors® and their clients navigate the government's drone regulations as they incorporate drones into their listing strategies.

Before drones became

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Mortgage interest rates impact on home values

There is no doubt that historically low mortgage interest rates were a major impetus to housing recovery over the last several years. However, many industry experts are showing concern about the possible effect that the rising rates will have moving forward.

The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors are all projecting that mortgage interest rates will move upward in 2017. Increasing interest rates will definitely impact purchasers and may stifle demand.

In a recent study of industry experts, “rising mortgage interest rates, and their impact on mortgage affordability” was named by 56% as the force they think will have the most significant impact on U.S. housing in 2017. If rising rates slow

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Do You Know the Real Cost of Renting vs. Buying?

Some Highlights:

Historically, the choice between renting or buying a home has been a close decision. Looking at the percentage of income needed to rent a median-priced home today (30%), vs. the percentage needed to buy a median-priced home (15%), the choice becomes obvious. Every market is different. Before you renew your lease again, find out if you could use your housing costs to own a home of your own!

Renting a home vs buying

Contact us if you have any questions about the real estate market or are interested in learning more about home ownership.

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Visit a Windermere Group One Open House February 18th and 19th and nominate your favorite charity for our Open House Open Hearth Project. If your charity is selected we will donate $500 to them in YOUR name!

Find info on ALL Tri-Cities Open Houses here OPEN HOUSES. 

Learn more about the Windermere Group One/Tri-Cities Open House Open Hearth Project.

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The January 2017 edition of the Tri-Cities Insider provides an update on the local Tri-Cities real estate market, including inventory of active homes for sale, months of inventory, total homes sold and the average sales price.

The information below offers a comparison of the January 2017 market activity vs. January 2016.

  • Active Inventory was down 30% this year compared to January 2016
  • Closed home sales held steady at 230 this year and last year
  • Average sales prices this year are up 0.9% compared to January 2016

For a more in-depth analysis, download our full Tri-Cities Insider Report.

 Tri-Cities Insider for January 2017

Real Estate statistics were published based on data provided by the Tri-City Association of REALTORS®.

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Tri-Cities Real Estate Market Statistics

The Tri-Cities Insider Real Estate Report is produced by Windermere Group One for December 2016

Our December 2016 edition of the Tri-Cities Insider provides an update on the local real estate market, including inventory of active homes for sale, months of inventory, total homes sold and the average sales price of homes in the Tri-Cities, WA.

The information below offers a comparison of the December 2016 market activity vs. December 2015.

  • Active Inventory was down 23% this year compared to December 2015
  • Months of inventory is down to 1.3 months this year
  • Closed home sales decreased 5.4% this year compared to last year
  • Average sales prices for December are up 1.1% compared to December 2015

For a more in-depth analysis,

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At Windermere Group One, we are dedicated to unlocking the power of ownership. We believe in it not only in real estate but in our lives and in our community!

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Healthy Real Estate Market

Some Highlights:

  • Distressed property sales fell to its lowest number since NAR began tracking it in 2008.
  • As you can see, with less distressed properties, sales are up in all price ranges except the $0 - $100K price range.
  • Interest rates are still at historic lows, signifying that now is the right time to buy!
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Recently there has been a lot of talk about home prices and if they are accelerating too quickly. In some areas of the country, seller supply (homes for sale) cannot keep up with the number of buyers out looking for a home, which has caused prices to rise.

The great news about rising prices, however, is that according to CoreLogic’slatest US Economic Outlook, the average American household gained over $11,000 in equity over the course of the last year, largely due to home value increases.

The map below was created from CoreLogic’s report and shows the average equity gain per mortgaged home from June 2015 to June 2016 (the latest data available).

For those that are worried that we are doomed to repeat 2006 all over again, it is important

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