West Richland and West Pasco are Hot Markets for New Homes
PASCO, Wash-- The national housing market may be on a down turn, but locally, new home developments are selling like hot cakes.
Real estate agents say buyers are really attracted to West Richland and West Pasco. Houses here typically sell in the $130k range, which is much lower than the state average.
Hayden Homes staff say new home construction in West Pasco's "Three Rivers Crossing" neighborhood is booked till October.
In Feburary alone, the company says 27 new houses sold. Real estate agents say buyers are preferring new homes because there is less risk involved.
"You don't have to worry about it when you move in you don't have to worry about hidden secrets if there's any, and your home your home comes with a warranty," said Marisol Tijerina, Hayden Homes Real Estate Agent.
Agents say first time home buyers are preferring new homes because right now the prices are less than older homes.
This is causing trouble for homeowners who want to sell their house. In the current buyer's market, agents add, sellers are not getting a return on the extra money they invested in their home.