More homes are expected to be sold in 2012Posted: Updated:
KENNEWICK, Wash. --More homes are expected to be sold in 2012. Experts say they are expecting more homes to be sold in Tri-Cities and Yakima because consumer confidence is high.
About 50% houses sold are to first time buyers. Coldwell Banker Tomlinson Manager Paul Roy says "our home prices continue to be steady, meaning they're not declining as many parts of the nation are. they've even risen. It's one of the predicted one of the #2 housing markets in 2012." Realtor Jennifer Schreiber says "we see some more ramblers being asked for which is a little bit of a change. It kind of started out more two-stories."
More people want the most up to date appliances to come with their home. Like heaters hanging from the ceiling, new insulation and other eco-friendly rooms. Signs pointing toward big sales this year are loan rates as low as 4%, the lowest in years. Roy tells us this area is becoming more and more desirable for people to live in. He says "Tri-Cities was rated number one in the nation as the most secure community from a population of 150 to 400,000."
According to the U.S. Census Bureau, the Tri-Cities population is expected to double in the next 20 years, meaning even more home sales. Last year more than 2,600 homes were sold in Tri-Cities and more than 1,500 in Yakima. The average price for homes sold was around $200,000.