Washington Mortgage Rates
Ten years ago, Washington's housing market ushered in an era of explosive growth, and today, the trend continues- boosted by a constant influx of new residents. The state's high-tech sector is partly driving what is considered to be one of the country's strongest economies. Home prices are on the rise and areas forecasted to appreciate are Seattle, Vancouver, Tacoma, Spokane, the Tri-Cities (Richland, Pasco and Kennewick), and Yakima. Spokane's housing market is the highest appreciating market in Washington. Rated as one of the most livable cities in the U.S. and boasting a robust economy, Seattle is seeing its real estate prices climb. In addition to Seattle, buyers can find affordable real estate throughout Washington in cities including Spokane and Tacoma, both of which offer a myriad of housing options. Vancouver's economy is in good shape, thanks to an inflow of new residents. Similarly, Tacoma's housing market is being boosted by an influx of new residents, who relocated from California. The attractive price of real estate in Richland, Pasco and Kennewick is bringing a renaissance to the area. In Yakima, a healthy supply of jobs and a growing economy is appealing especially to first-time homeowners and is expected to raise market prices. Finally, Fort Townsend, ranked one of the 10 best second-home investment markets in the country, is drawing a growing number of retirees.