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.