Economist says "Good organic growth" in Tri-Cities - NBC Right Now/KNDO/KNDU Tri-Cities, Yakima, WA |

Economist says "Good organic growth" in Tri-Cities

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KENNEWICK, Wash. -If you own a home in the Tri-Cities, a former economist of the National Home Builders Association says you're living the good life.

Speaking to the Home Builders Association of the Tri-Cities Friday, Elliot Eisenberg says the Tri Cities housing market has come out of the recession in much better shape than other parts of the country.

Home values dipped and new home construction in the Tri-Cities slowed down in the recession, but Dr. Eisenberg says nothing like other regions. He credits homebuilders who put aside their anxieties over the economy and continued to build new homes.

"This is a really growing community with good activity and good immigration and people wanting to live here, as shown by the homebuilders," Eisenberg says. "And homebuilders are now somewhat constrained because banks are more leery, appraisers are much more careful and everyone is much more thoughtful. So the growth you're getting now is really good solid organic growth."

The Tri-Cities is the second fastest growing housing market in Washington state, behind king county, the state's largest county.