Yakima housing market still strong and getting stronger - NBC Right Now/KNDO/KNDU Tri-Cities, Yakima, WA |

Yakima housing market still strong and getting stronger

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Yakima, WASH.--The housing market in Yakima is still going strong. In fact, the owner of The Buyer's Agent said the holiday season is one of the best times to buy.

Daniel McLaughlin said November and December are typically the slower months in real-estate, but if you're a motivated buyer, now is a great time to buy.

McLaughlin said the reasons why are simple. You're not dealing with as many other clients and current interest rates are at historic lows. Rates are around 3.5 percent

Real estate agents said there's also another big reason people may be more eager to buy during this time of year.
    
"The election's over now so people are kind of going on with their lives," said McLaughlin. "Prior to the election, it was a little bit slow. A lot of the buyers were kind of in a holding pattern because they weren't sure which way the government was going to go."

McLaughlin said more and more baby boomers from the Seattle area are coming to retire in Yakima and looking for homes.

He said the current price for a three bedroom is between $160,000 to $165,000, which is close to the national average.

Yakima remains one of the cities with the fewest foreclosures nationwide.

 

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