Tri-Cities Real Estate News & Views - March, 2010

Kennewick Real Estate, Best Housing Market

Housing Market Doing Well in Kennewick Washington

CNNMoney.com recently published a report about the top housing markets where recovery has been the best. One of those markets is Kennewick, Washington in the Tri Cities. Since 2006 the housing market in Kennewick has increased 5.7% and it is being forecasted that the market will continue going up at least 3.9% in 2011. The expected steady rise of the housing market in Kennewick, Washington is a result of the cost of living being 27% lower than that of Seattle. Employment has also continued to stay strong in the area; the unemployment rate in December was 8.1% which is well below the national average.

Joe and Colleen Lane, Kennewick Real Estate Agents, here to serve you! Call or email us…

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New York Richie's to Open in Kennewick

Jesus Escamilla will be opening up his third New York Richie’s Restaurant this Friday in Kennewick. The restaurant will be decorated with a big city theme and an Italian flair and, of course, a Statue of Liberty tribute. The menu will include New York style pizza, individuals can buy a whole 20-inch pie or just a slice. There will also be hot and cold sandwiches and two pasta dishes. New York Richie’s will be open Sunday through Thursday 11:00 am to 9:00 pm and Friday and Saturday 11:00 am to 11:00 pm. for more information call 509.783.9400 or visit the New York Richie’s website.

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Tri Cities Ranked Number One for Housing

Nationally, housing prices are not doing well, data from the National Association of Realtors stated that existing homes sales fell 7.2% in January. However the Tri Cities are still doing well, a recent article by Smartmoney ranked the Tri Cities as one of five metro areas that are forecasted to have the best home prices in 2010. The Tri Cities are expected to have an increase in home values of about 3.96% in the fourth quarter of 2010. There are several factors Smartmoney found that influenced the forecast, they are: household income growth, population growth, the unemployment rate, and cost of housing. The Tri Cities is doing well in all of these areas; as a result of the stimulus money going into Hanford the Tri City area was able to keep …

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Hanford Tour Tickets go Fast

At 12:01 am on Tuesday morning 2,544 tickets were put up for sale on the Hanford website for those interested in getting seats for the Hanford tours. Within 13 hours all of these seats were purchased, within the first minute of registration 500 seats had been purchased and in the first 30 minutes of registration 1,000 seats had been bought. All of the seats went fast this year but last the seats were sold an hour faster, but last year there weren’t as many B Reactor seats available. For those thinking they missed out on the opportunity to tour Hanford and the B Reactor there is also telephone and in person registration which. For these registrations there are 10 seats reserved per tour. Also, when there are cancellations the openings are…

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TC Regional Chamber Annual Awards and Dinner Program

The Tri City Regional Chamber of Commerce will be having their fifth annual dinner and awards program on March 24. The program will begin at 5:30 at the Three Rivers Convention Center. An instructor for the U.S. Chamber of Commerce Institute for Organization Management, Pat McGaughey will be the keynote speaker. McGaughey will be speaking on how to succeed in the current economy. Tickets for the even tare $50 per person or a table can be purchased for $400; the deadline to register for tickets is March 17. To purchase tickets call 509.736.0501. or email info@tricityregionalchamber.com.

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CBC Entrance Named

Columbia Basin College’s main entrance off of Argent finally has a name. The entrance has been named Saraceno Way after Bill Saraceno who has played a large role in capital projects around the Pasco college. Saraceno is known throughout the state system of colleges for his expertise. CBC President Rich Cummins says that Saraceno’s help and ezpertise has been invaluable to CBC and the community.

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Port of Pasco Hearing Scheduled for Thursday

The Port of Pasco has planned a hearing for March 11 at 1:15 pm at the port’s Administration Building in Pasco. The hearing will be held to discuss a proposal to change port commissioner’s districts. Currently there are three districts in Pasco, District 1 and District 3 combined, are about the size of District 2 as a whole. The proposal being presented would distribute the districts a little more evenly; the current district would expand into District 2, taking over part of that area. if the change is agreed upon plans wouldn’t go into effect until November 2011, the next year a port commissioner’s seat is up for election.

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New Trail Being Carved Out at Badger Mountain

Friends of Badger worked hard this weekend to begin work on a new trail on Badger Mountain. Saturday and Sunday a combined total of nearly 130 people showed up to help work on the new trail, which will be called Sagebrush Trail that will connect to the Skyline Trail on the eastern edge of Badger and end at the water towers at the base of the mountain. This trail is a need, nearly 59,000 people used Badger Mountain between May of ’08 and May of ’09. President of Friends of Badger, Sharon Grand, knows that number is increasing. Last Sunday Grant and another member of the group counted over 200 people in just one hour. The trail is getting plenty of use, the adding of this trail will most likely disperse the traffic.

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White Bluffs Needs Your Votes

For the month of March, you can visit the Pepsi Refresh Web Site and vote for White Bluffs to receive funding for their Children’s Summer Program. The grant categories are: health, arts & culture, food & shelter, the planet, neighborhoods and education. The White Bluffs Center proposal is under neighborhoods. The money is given away every month based solely on votes; Pepsi is giving away $1,300,000 in grants. The funds would allow White Bluffs to purchase equipment and provide a small teacher stipend.

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John Dam Plaza Suggestions Sought

Richland is looking to get suggestions from residents about what to do with the John Dam Plaza and how to improve/renovate it. The meeting to get these suggestions is set for Monday, March 8 at 6:30 pm. After the city receives suggestions they will develop a master plan and set another meeting to get further comment. The meeting will be at the Richland Public Library in the Gallery room. Those who would like to give suggestions but who are unable to attend the meeting can email Phil Pinard at ppinard@ci.richland.us or by calling 509.942.7463.

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