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Tri-Cities Housing Market Hot Spot in the Nation

By
Mortgage and Lending with Cherry Creek Mortgage

Tri-Cities, Wash

The mortgage meltdown isn't cooling the Tri-Cities housing market like the big freeze it is delivering in other area.  A stable economy and good job market have kept the local housing market stable.  Commercial and residentail development is still going strong.

Average housing costs in the Tri-City market are still under $190,000.  Where else in the country can you buy a newly constructed home for under $200,000.  While catastrophic increases in foreclosures plague some of the nation's cities like Los Angeles and Detroit, they remain only 5% of the homes available in the Tri-Cities today.

Speaking of foreclosures, you can still pick up a great deal if you know what to look for.  HUD homes can be financed for as little as $100 down.  Tour the best foreclosures and short sales in the Tri-Cities with ForeclosureSafaris.com/tricities.  AmeriChoice Home Loans is the local affiliate.  The next Safari departs on August 23rd at 9:35 am.  To register for this event go to www.foreclosuresafaris.com/tricities.

The Tri-Cities also has several desirable ares to utilize the USDA Rural Housing Loans.   The USDA program allows eligible buyers to buy homes in rural areas with NO MONEY DOWN and NO MORTGAGE INSURANCE at a low 30 year fixed rate.  If you would like to view a few eligible USDA homes you can go to www.homesbylender.com/tricities and input USDA in the home search section.  If you don't currently own a home you can get into a home of your own with NO CASH out of pocket.  To learn more about this program or to view eligible homes the ZERO DOWN SAFARI might be just the adventure you need.  For more information call 509-735-6603.

Posted by

DANA MUNDY
Certified Mortgage Planner
Branch Manager

Cherry Creek Mortgage - Tri-Cities
Richland, WA 

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