4 free views left!
Print This

City’s housing market makes builders’ list

Saturday, February 16, 2013

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.

— Mike Irwin, World staff

» Recommend this story.

» Know more about this story? Tell us.

» Be the first to comment on this story  

Comments

Want to comment on this story? All Wenatchee World members are invited to comment on stories, by using the form below. Please know that we at wenatcheeworld.com hope our site is useful, entertaining and civil. So we'll delete comments that are obscene, abusive or way off topic. We appreciate it when readers use the "suggest removal" button to flag inappropriate comments. For more about interacting with the site, see our Use Policy.

Use the comment form below to begin a discussion about this content.

Sign in to comment


MORE LIKE THIS

Home market back in business

Home prices fell in December in most US cities

Home prices up across U.S.

Home prices gaining momentum in latest report

Home sales steady but prices fall


Advertisement


UPCOMING EVENTS

Wednesday, June 19

WVC Hepcats Swing Dance Classes
Wenatchee Valley Senior Activity Center, 7 p.m.

Wednesday, June 19

Live Music: Stephen & Sergio @ Icicle Brewing Company
Icicle Brewing Company, 7 p.m.

Thursday, June 20

BNI Better Business Boosters
Rivertop Bar & Grill, 201 N. Wenatchee Ave., 7:30 a.m.

Thursday, June 20

BNI High Noon Achievers
Red Lion Hotel, noon

Search events »

Submit your event »