The Return of the Real Estate Aucton

With the housing market starting to slow up a bit in some areas of the country, sellers are using more tools at their disposal than ever to get a house sold in a timely fashion. While these methods vary greatly by region, nationally there has been a rise in the amount of real estate auctions seen. Naturally, auctions are not a new phenomenon, but to see them increasingly used as a primary tool in selling real estate is.

The potential pitfalls are many in the auction business and while it is certainly one of the quickest ways to liquidate a home, it is often wrought with a great deal of uncertainty. What if your home doesn’t sell for the price you were looking for? What if the auction fees take out such a hunk of the selling price that you see little profit? These are key questions to not only ask yourself but to brace for if you pursue the auction as a real estate selling method...[more Real Estate Auction]

Related articles to home selling: Simple Words To Sell Your Home | More Eyeballs, More Money | Setting The Perfect Price | Parting With A Home | Selling Help Part 1, Part 2, Part 3, Part 4

The Right Investment

You might think the first rule in real estate investment and/or REITs is location but really it is to be cautious of who you are working with. As with any other industry the real estate world is filled with its share of bad apples including a large majority of those late night infomercial gurus claiming to teach you the way to become a millionaire through real estate.

For those who are thinking about investing in real estate there are a few things you will need to make it a successful venture. First off you need investment capital or some form of getting it without putting yourself upside down financially. Location of the investment property is highly important. You don’t want to invest in an area that has a failing economy or has too many for sale signs...[more]

It is wise to enlist the help of a professional real estate agent who can provide you with information that can help you profit despite the fluctuations in the market. Related Resources: Real Estate Investment Exit | Commercial Investment Primer | Investment Hunting | Solution Generating Investing | Successful Investment Habits

Lower Treasury Yields Push Mortgage Rates Down Slightly This Week

McLean, VA - Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 6.68 percent with an average 0.3 point for the week ending August 2, 2007, down from last week when it averaged 6.69. Last year at this time, the 30-year FRM averaged 6.63 percent.

The 15-year FRM this week averaged 6.32 percent with an average 0.3 point, down from last week when it averaged 6.37 percent. A year ago, the 15-year FRM averaged 6.27 percent.

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Pasco Washington History

The vibrant and flourishing city of Pasco, Washington, which comprises one-third of the beautiful Tri Cities area and is considered to be the fastest-growing city in the entire state, is not only marked by its net percentage growth and abundance of attractions, but also by its colorful history.

Pasco and its surrounding area was first put on the map in 1805, when, on October 16, the Lewis and Clark Expedition made its way into the region. Their journey there involved recording the details of their experience, in particular of a camping site that is now known as Sacagawea State Park. However, before the famous exploration of Lewis and Clark, the Pasco region was home to many Indian tribes who were drawn to the mild weather and abundance of fish alongside the banks of the Columbia River, as well as the Snake and Yakima Rivers...[more Pasco Washington History].

Tri City Washington Market Update

Tri-Cities Washington in the News

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Tri Cities Chosen as Top Metro for Scientists and Engineers in the U.S.

Washington State’s renowned Tri Cities area—comprising the cities of Richland, Kennewick, and Pasco—was officially selected as the number one place for scientists and engineers to live and work in the U.S., according to the fifth annual “Knowledge Worker Quotient” recently released by ExpansionManagement.com.

According to the site, the Quotient provides “a roadmap for where to find the best educated workforce in America,” focusing on scientists, engineers, medical doctors, other professionals with PhDs, as well as those with graduate degrees and post-graduate degrees. Three hundred and sixty-two metropolitan statistical areas (MSAs) were judged and then ranked according to “their ability to provide the depth of talent and innovative environment upon which thrive”...[more]

No Housing Slowdown in Washington State Markets

Washington state has one of the highest rate of residential appreciation in the nation during the first three months of this year compared to the same period in 2006, the U.S. Office of Federal Housing Enterprise Oversight reports...[more]

Tri-Cities Washington closings through May, 2007.
Washington State, The Fastest Growing Housing Market in the Nation

Forecasters at Fiserv Lending Solutions and Moody's Economy.com predict a radical shift in the top 10 list of fastest growers for the 12 months beginning in June; only one California city, El Centro, will be represented. Instead, Washington State will dominate, with five of the top 10 cities...[more]

REALTORS® Provide Input to Regional Housing Strategy

REALTORS® are participating in the Prosperity Partnership Regional Housing Strategy Working Group to help develop strategies that will improve access to housing close to jobs for workers of all wage levels from throughout the Puget Sound Region. The Working Group is considering the REALTORS® housing policy strategies needed to increase housing availability and affordability. The Prosperity Partnership is a coalition of over 200 government, business, labor and community organizations from King, Kitsap, Pierce, and Snohomish counties dedicated to developing and implementing a regional economic strategy.

Related Authority Resources

• National Association of Realtors®


• Washington Realtors®


• Tri-City Association of Realtors®


• Realtor.com


• Washington Real Estate Licensing


• Realtor® Online Magazine


• WSU College of Real Estate


• About Tri-Cities Washington


• Tri-City Visitors Bureau


• Tri City Regional Chamber


• TRIDEC

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