Housing Trends: No Boom To Bust, Say Experts - NBC Right Now/KNDO/KNDU Tri-Cities, Yakima, WA |

Housing Trends: No Boom To Bust, Say Experts

PASCO, Wash.- The housing boom, now entering its fifth year, shows no signs of slowing, and the diversified economy makes a crash less likely, experts say.

An in-depth look at the Tri-Cities housing market shows that the average sales price of homes has increased nearly 55 percent since 1995.  The market took off in 2001 after interest rates reached a 40 year low, and has continued, thanks to a swell of new people coming to the region.

The volatile Tri-Cities economy has experience similar growth in the past, only to see the floor fall out during the early 1980's and '90's.  But experts say fear of a bust are unfounded this time around because of a newly diversified economy that is less reliant on Hanford.

To view housing statistics for the Tri-Cities, you can follow the link in On-Air links labeled, "Housing Statistics."