Good news for the Tri-Cities, Washington!  Our economy continues to expand. One indicator is the number of guest rooms (hotel/motel) available in the community.   During 1991 we had 2,216 rooms and this year it is projected to be 3,451; that's a 56% increase!
The Fed kept interest rates stable last week, so there has been little change in mortgage interest rates with the potential of a declining rate situation over the next few weeks.  With this news and the news that the Fed could even lower rates on the next go around, we should see a continued improvement in the Real Estate market in our area.  This is good news for home buyers and home sellers as well.  For Kennewick, Pasco, Richland, and West Richland home owners in general, this may provide a good opportunity to re-finance your home mortgage at a lower interest rate.