NewsBrief BF May-Kennewick

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Kennewick Market Trends

Current as of May 19th data provided from Altos Research

Local Headlines

 WA Gov. Bob Ferguson signs controversial rent cap, other housing bills into law

 What’s being built there? $71M convention center + Aquatic park + New gymnastics site

 Tri-Cities Airport receives $7 million grant for baggage area expansion

 Report: Tri-Cities lost 300 construction jobs in past year

 13 Most Affordable Places to Live in Washington in 2025

Residential

 US consumer sentiment slumps, households brace for inflation surge

 America's Most Expensive Area Sees Surge in People Trying to Sell Homes

 U.S. Housing Starts Rebound Less Than Expected In April, Building Permits Pull Back Sharply

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

Lending Commercial

 Mortgage Rates Forecast For 2025: Experts Predict How Much Rates Will Drop

 Mortgage Applications Up As Borrowers Respond To Growing Inventory

 Purchase Demand Moves Back Toward 2 Year High; Refis Hold Steady

 U.S. Commercial Real Estate Lending Rebounds Sharply in Early 2025

 The evolving landscape of private credit in U.S. commercial real estate lending

 Next-generation leaders may accelerate real estate investment in alternative properties

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