Home prices in the state of Washington are expected to rise steadily over the next year, according to a recent study by CNNMoney.com.
In the Seattle area, home prices are predicted to lift an average 0.6 percent by next January -but it’s noteworthy that the further east you go in the region, the larger the expected increase. By the time you get to Kennewick, the rate is 4.6 percent.
For Bellevue, the rate is presumably higher than Seattle, not just following the geographic trend, but because the city’s real estate market has a history of rising at higher rates than neighboring cities. (See our link, Seattle Times and PI: Local closings rise 18% over last year, prices up 6%, and low mortgage rates rising in April)
For more information, read the report on CNNMoney.com.
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