Tri-City Area and Real Estate Blog

With much credit going to the tax credit available to both first-time and previous homeowners and lots of affordable homes for sale, the housing market in the Tri-Cities is strong and on the increase.  With a 30 percent increase in March 2010 from the same month in 2009, sales are on the rise according to the Tri City Association of Realtors. The $8,000 tax credit for first-time homebuyers and the $6,500 tax credit for previous homeowners becoming buyers again has really stirred anyone sitting on the fence about purchasing a home. Homes sold in March averaged $195,000 which was an increase of $10,00 from February, which is quite a jump for housing in any market!

Thw Washington Center for Real Estate Research said recently that homes sold in the 3rd quarter increased over the 2nd quarter this year, and the $8,000 first-time homebuyer tax credit was responsible for that increase of 15.6 percent.

In the Tri-Cities, Washington there was a 20 percent increase of home sales. The strong local economy has really helped out our housing market. According to the Tri-City Association of Realtors, the number of people taking advantage of the tax credit really built up the homes sales in the 3rd quarter.

The extension of the tax credit through April 30, 2010 could continue to help out the housing market here in Kennewick, Pasco and Richland Washington, and of course, nationwide. It’s a great time to buy real estate and we at Distinctive Properties, Inc., are here to help you in anyway we can!

The Tri-Cities housing market has picked up quite a bit this year for the most part due to the $8000.00 first time home buyer’s tax credit. The commercial real estate market is still slow but we are hoping for it to turn around by the end of this year. Meadow Part Estate has two home on the market one that is being constructed at 133 Erica by Master Homes LLC priced at $214,900.00 the other 2980 Bruce Lee Lane is Bank Owned and priced at $255,950.00 If you would like to see any of these homes call me at 366-3916 and we can tour them.

Sid Hodge your neighborhood realtor

366-3916