The real estate forecast is looking great for the Tri Cities Washington area according to Veros Real Estate Solutions, a Santa Ana, California based technology firm. Veros has predicted that 40% of the major metro areas across the nation are expected to see home prices going up. This forecast issued by Veros utilizes over 50 factors to enable them to produce trustworthy predictions about market trends. Some of the factors used to predict these market trends include unemployment and housing inventory levels.
One of the projected top five strongest markets is our very own Tri Cities Washington. The Tri Cities – Kennewick, Pasco, and Richland – has been predicted to see a 3.4% increase in home prices. According to Eric Fox, Vero’s vice president of statistical and economic modeling, smaller metro areas, such as the Tri Cities with a population less than 250,000, will make up a good portion of the better appreciating markets.
Posted by Joe and Colleen Lane, your Tri Cities Real Estate Agents. Call or email us today with your Tri Cities Real Estate questions! 509.438.9344Posted by Colleen Lane on