Tri-Cities housing market booming - NBC Right Now/KNDO/KNDU Tri-Cities, Yakima, WA |

Tri-Cities housing market booming

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KENNEWICK, Wash.—Nationwide home sales are not good, but Tri-Cities is considered to be a booming market.

About 3,100 homes have been purchased in 2010.  A few contributing factors are low unemployment, a growing population, low home pricing and available land to build on.  Those factors contribute to making the Tri-Cities the most affordable metro area in the Northwest for cost of living.

"These factors make for a nice balanced market. We aren't growing too fast and our prices are staying stable." says Paul Roy, Association of Realtors President.

Roy expects the housing market to increase by 10% in 2011.  One reason being as people continue to become more confident in spending, they will spend more on housing.