The national housing market is on a rebound and experts believe that a recovery is in gear for 2010, say key speakers at the Regional Economic Outlook forum held recently at the TRAC in Pasco.
Several local experts are optimistic and they believe the Tri-Cities ongoing growth will be based on non-Hanford related industries. Healthcare, with all three of the Tri City hospitals investing in newer facilities, are strong employers who are creating more jobs as they grow, and with an aging population moving into the area for retirement reasons also helps with the growth in the heathcare industry.
Population growth and a stable economy has assisted in stabilizing the local housing market and the trend appears to be going to continue for the foreseeable future, according to the Tri City Association of Realtors.
WSU President Lane Rawlins believes that the continued economic success here rides on economic diversification, continued growth in agriculture and making investments in education and transportation.