For years, whenever someone brought up the subject of real estate, I always said the same thing…I never had a chance in real estate. My radio career took me to many different cities across the United States, and every time I bought a house and had to sell for the next gig, I lost money.
But if you bought a house in the Tri-Cities 10 years ago or even a few years ago, you’re rolling in the money. Tri-Cities real estate continues to rise in value and now the average home here will cost you around $450,000.
If you plan to stay here, there is no point in selling your house and making a lot of money, because you will have to pay so much to move into another house. But many people have chosen to cash out and leave the Tri-Cities or Washington State altogether for cheaper housing and some money in the bank.
And now that the federal government has moved to raise interest rates, demand is even higher because everyone wants to buy a home before rates rise, according to a recent study. report. Will a bubble ever burst and prices crash? I guess it’s possible, but it doesn’t look like it will be anytime soon.
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