Tri-Cities, Washington (Kennewick, Pasco, Richland) Real Estate Center

Tri-Cities Market Conditions

Tri-Cities, Wa Real Estate Housing Maket #5 in the Nation.

Posted at Tri-Cities, Washington (Kennewick, Pasco, Richland) Real Estate Center by Paul Roy

Mar. 28, 2011

Categorized in: Tri-Cities Market Conditions

Tagged with: homes for sale, houses, kennewick, pasco, richland, tricities

http://www.housingpredictor.com/2011/best-investors-markets.html

March 2011 --(PR.com)-- The best housing markets forecast in 2011 have been named by Housing Predictor, which forecasts local markets in all 50 U.S. states. Markets are annually selected by the real estate research firm, and updated as regional market conditions demand over the entire year.

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.

However, there’s no shortage of housing markets that will experience deflation during the year as the U.S. struggles to recover from the worst downturn in real estate in decades. The foreclosure crisis has topped 5-million homes and is gaining momentum as more and more homeowners, who have lost equity in their homes walk away from properties.

Consumers, bankers, mortgage companies, retail outlets and real estate firms consult Housing Predictor forecasts. Housing Predictor forecasts more than 230 housing markets in all 50 states and offers real estate news, mortgage rates and analysis on the housing market.

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