Have you been browsing homes for sale in Tri-Cities, WA and been tempted to put in an offer? If so, you’re not alone! As the real estate market in the US hasn’t shown any signs of slowing down over the past several years, buyers and sellers alike are interested to see where their investments may take them as time moves on. With the real estate market hotter than ever in Washington, now is a great time to make an investment and watch it grow.
The Market is Hot: Homes for Sale in Tri-Cities, WA
In 2017, real estate analysts thought that the market may slowly be cooling down. They expected interest rates to rise, price growth to moderate and construction to pick up – especially in the Pacific Northwest. But as we head into 2019, none of those things have happened on an impactful level.
While the pace of sales is predicted to slow slightly after the new year, it seems as if the underlying demand will remain strong. This means that it’s still a good time to take a closer look at homes for sale in Tri-Cities, WA. Investing now could mean that you see a great return on your investment in as little as 5 to 10 years.
Additionally, it seems as though the Millennial demand for housing will continue to rise over the next few years. After more than a decade of steady decline, the homeownership rate in the US finally went up in 2017. This is great news for anyone who is holding out to make a sale, as there will be a new influx of first-time home buyers entering the market.
Learn More from Retter & Company
Are you ready to see your real estate investment grow? Contact the team at Retter and Company today to learn more about homes for sale in Tri-Cities, WA.