Richland Market Trends
Current as of September 23rd data provided from Altos Research
Local Headlines
What’s being built there? $20M affordable housing complex + New credit union
New revenue forecast shows continued decline in Washington’s revenue projections
Washington commercial real estate tax revenue down to pre 2020-levels
Homelessness risk for Tri-Cities families climbing. What’s being done?
Residential
America’s two largest brokerages are merging: Compass will have 340,000 real estate agents once the Anywhere deal closes
U.S. Birth Rates Plummet as Home Prices Surge
America’s Second Largest Homebuilder Sees House
Casey Hart Vice President/Regional Manager Office: (509) 783-0661
Lending Commercial
Mortgage applications see huge jump as rates tumble
Mortgage rates to fall below 6% by year-end 2026, says Fannie Mae
Mortgage interest rates just fell to a 3-year low. Here's why (and what to do now)
Commercial real estate prices rise for first time in five months
September Economic Snapshot: Oracle AI Deal Fuels Bubble Fears. Is Commercial Real Estate Safe?
Study discovers link between vehicle emissions and commercial real estate returns