KGMI News
BELLINGHAM, Wash. – The Federal Housing Finance Agency found that second quarter Bellingham-area prices are up more than 12 percent for the year, nearly five percent for the quarter, and over 36 percent compared to five years ago.
Kathy Fettke with Real Wealth Network doesn’t see the trend changing. “I expect to see home prices continue to rise, at least through the end of the year, and the same with rents,” Fettke said.
Bellingham had the 11th highest year-over-year growth rate out of 254 metro areas. Mount Vernon tops that list. Seattle is second and Tacoma ranks fifth.
Washington is first on the list for all states.
“Housing affordability is going to be headline news for a while,” Fettke said.