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Housing Market Strong

By: Nora Seibert/KKTV 11 News
By: Nora Seibert/KKTV 11 News

Don't worry about the local housing market bursting, local real estate agents say the market is healthy.

Agent Kevin Patterson explains in other parts of the country, appreciation rates have skyrocketed 40 to 60 percent. He says locally property value has only gone up 4 to 10 percent. So he says there's no bubble to burst.

"So its not just the upper end we're seeing engagement, we think its a really good healthy market," said Patterson.

He says the market is also balanced, meaning not tending towards either buyers or sellers.


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