Tacoma, Washington is the Country’s Hottest Housing Market

Tacoma, Washington is the Country’s Hottest Housing Market

Finance Your Investment with a Washington Hard Money Loan

Real estate investors have turned their attention to a new housing market in Washington State.

Tacoma, Washington is the hottest market in the country according to Redfin. Thanks to continued rising costs in the Seattle metro area, buyers are looking elsewhere to find value for their housing dollar.

Located on the Puget Sound, 35 miles south of Seattle, Tacoma offers an appealing blend of more affordable housing and quality lifestyle.

Prices and competition are on the rise, however. The median price for a home in Tacoma jumped more than one-third above the national average the past year, and the median home was on the market for just eight days – less time than any other U.S. metro.

What makes Tacoma special besides the cost of living relative to Seattle and other metro regions?

Why Buy in Tacoma, Washington

Culture: Tacoma’s vibrant arts and cultural scene includes museums (the Museum of Glass was designed in collaboration with world-famous glass artist Dale Chihuli), theater, symphony, opera and ballet. The Tacoma Dome, a multipurpose arena, hosts sports and concert events.

Waterfront: The city boasts miles of scenic waterfront, providing outdoor and water activity, prime living space, and dining opportunities.

Outdoor activity: Easy access to parks, hiking and biking trails, lakes, beaches, and nearby Mount Rainier promote an active outdoor lifestyle. Point Defiance Park, one of the finest urban parks in the country, features a zoo, aquarium, beach and boardwalk.

University town: Tacoma is home to a satellite campus of University of Washington, University of Puget Sound, Pacific Lutheran University and Tacoma Community College.

Climate: Year-round temperatures are pleasantly mild. Rainfall is less than the Pacific Northwest has a reputation for, with Tacoma averaging just over 39 inches of rain per year (Chicago averages 33.2, New York averages 46.23 inches).

For real estate investors looking for up and coming markets, Tacoma is an evolving urban region worth considering for long-term investment.

Invest in Washington Real Estate with a Hard Money Loan

Competition is heating up in the Tacoma metro area. Having proper financing when you find the right rental or investment property is key. If traditional lenders say no due to poor credit or timing issues, consider a hard money loan with Gregory M. Russell.

As hard money lenders with over 30 years’ experience, we know the Pacific Northwest market and what it takes to achieve success as an investor. We approve private money loans based on available equity. Our application process is quick and simple. Fill out a loan application today or give us a call 1-888-477-0444. We’re here to help.