NewsBrief BF Aug Kennewick

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Kennewick Market Trends

Current as of August 25th data provided from Altos Research

Local Headlines

 Mortgage rates fall to 10 month low, offering relief for Kennewick buyers

 Key construction projects transforming Tri-Cities in 2025

 Affordable housing project breaks ground in Spokane Valley

 Homelessness still rising in Washington, state data shows

 Washington saw biggest construction job loss in U.S. over past year

Residential Lending Commercial

 US homebuyers backed out of transactions at a record pace last month

 Home sales are ticking up and more are coming to market

 Housing freeze: High costs leave some buyers and current owners in the lurch

Casey Hart Vice President/Regional Manager Office: (509) 783-0661

 U.S. Federal Housing Allows Fannie Mae and Freddie Mac to Approve Rocket Acquisition of Mr. Cooper

 Millennials and Gen Z are gambling on a big mortgage-rate drop

 Home Loan Demand Declines Again as Mortgage Rates Remain Unchanged

 U.S. Commercial Real Estate Crisis Deepens as Office Vacancy Rates Hit Record Highs

 Peaking Loan Maturities Push Office Sale Prices Down

 Commercial property executives say recovery has arrived

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