Moses Lake-Othello, WA

There is no doubt that the Moses Lake-Othello, WA combined statistical area (CSA) is one of the hottest housing markets in the country right now. The combination of strong job growth, low interest rates, and limited supply of homes for sale has resulted in rapidly rising prices and intense competition for properties.

The average home price in the CSA has increased by nearly 20% over the past year, and shows no signs of slowing down. This has caused many potential buyers to get priced out of the market, or to put their purchase plans on hold indefinitely. Investors are also flocking to the CSA, driving up prices even further.

Rents have also been rising rapidly in recent months, as demand for rental properties continues to outpace supply. This is putting a lot of pressure on renters, who are already struggling to keep up with other rising costs such as healthcare and childcare.

There is some good news on the horizon though. Several large developments are currently underway that will add thousands of new homes to the CSA over the next few years. This will help to ease some of the pressure on prices and rents, although it is unlikely that they will return to levels that are affordable for most people anytime soon.