The Wenatchee World

Weather:

Weather

The latest extended forecast from The Weather Channel

Remove this weather forecast

Today

Hi36° Sunny

Tonight

Lo20° Increasing Clouds

Friday

Hi33° Chance Rain/Snow

Friday Night

Lo19° Slight Chance Snow Showers then Mostly Cloudy

Saturday

Hi34° Mostly Sunny

Saturday Night

Lo23° Slight Chance Snow

Sunday

Hi33° Chance Rain/Snow

Sunday Night

Lo21° Slight Chance Snow

Monday

Hi35° Slight Chance Rain/Snow

Monday Night

Lo21° Partly Cloudy

City’s housing market makes builders’ list

Send to Kindle
Print This

WENATCHEE — The Apple Capital of the World made its debut this month on a list of Washington cities with improved housing markets, the National Association of Home Builders announced last week.

Wenatchee joined Yakima, Kennewick, Spokane, Bellingham, Longview and Seattle on the Improving Market Index of cities showing a marked uptick in house prices and new building activity. Nationwide, 259 metropolitan housing markets are listed on the index.

I’ve seen a real rebound in home sales in the Wenatchee area,” said Jim Blair, president and CEO of Wenatchee’s North Meridian Title and Escrow. The market has shown “an increase year over year since 2010, with last year showing a 25 percent increase over 2011. We’re expecting to see a similar sales volume in 2013.”

Overall, low interest rates coupled with reduced home prices has helped the local market recover, said Blair.

Released monthly, the index identifies housing markets that have shown improvement for at least six consecutive months based on increases in local construction employment, home prices and building permits.

For more info, visit nahb.org/improvingmarkets.

Reach Mike Irwin at 509-665-1179 or . Read his blog Everyday Business. follow him on Twitter at @MikeIrwinWW.