Local Politics and Local Real Estate

Posted on Jul 30, 2007 by in Tri-Cities Market, Washington

I always say we’re in the red part of a blue state.  Most Tri-Cities residents vote Republican.  In fact, most of the Eastern side of the state votes Republican (larger tracts of land, less people pushing in from every side, more of a don’t-tell-me-what-to-do-when-you’re-all-the-way-across-the-country mentality).

From Zillow comes this fascinating piece of research about property values and voting patterns from the 2004 Presidential election.  It’s true that our area has lower property values than the western side of Washington, but we are appreciating at an even higher rate than that cited in the post.  Our area appreciates at a rate between 3% and 5% a year, on average.  Maybe our red side is trying to catch up with the blue side?  That makes for a pretty healthy market.  And that makes for some pretty happy Tri-Cities homeowners, regardless of political affiliation.

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