Thursday, September 16, 2010

5 Tips for Fall Lawn, Tree and Shrub Care to Prep for Spring

By Stephanie Andre

RISMEDIA, September 10, 2010--Now that fall is fast approaching, it's time to start thinking about preparing your lawn for the winter months and even the spring.

According to TruGreen, it's important that homeowners understand how to care for their lawns, trees and shrubs in fall before the end of the growing season. The experts at TruGreen offer five fall green space tips to homeowners to better prepare their outdoor living rooms for spring's vigorous growth.

ASSESS
Thoroughly walk your property and inspect lawn, trees and shrubs as these plants prepare for dormancy in late fall and early winter. Identify problem areas in need of treatment, pruning or replacement. Note patchy areas, where grass has thinned out or is in need of valuable nutrients and appears as light green. Also look for weed and pest infestations and overgrown shrubs and trees, especially those with the potential for interfering with roof and power lines. Consider a qualified expert, such as TruGreen, to properly gauge your lawn and landscape needs.

AERATE & PRUNE
Help your lawn breathe through fall core aeration to strengthen roots and to prepare for a hardy spring workout. Conduct corrective pruning of trees and shrubs in fall to enhance plant appearance and vigor, and thin rather than top-shear and overgrown shrubs and flowering trees to preserve their overall shape.

REPLACE
Fall's favorable weather conditions, as well as moist and warm soil temperatures, create the ideal opportunity for successful seeding of bare lawn areas and overseeding of healthy grass to improve your lawn thickness and density. Replace dead or floundering plants in fall for a healthier landscape and improved curb appeal in spring.

MOW & MULCH
Mow your lawn into the fall and avoid removing more than one-third of the leaf blades with each cut. Return grass clippings and back to the soil for added lawn nutrients and use tree leaf compost to nourish plants.

FEED
A good fall feeding gives roots of lawns, trees and shrubs the energy needed to prepare for a healthy spring green revival. Keep fertilizer on target to prevent run-off and sweep fertilizer granules that may reach pavement back onto your lawn. Use a trained specialist, such as TruGreen, for insect and disease control measures customized to your region to help trees and shrubs thrive.

BABY BOOMERS AND REAL ESTATE

Harris Interactive reports most baby boomers are still in the workforce, and are a driving force in the housing market. The same report concludes 42% of baby boomers would like to retire in the South, 32% in the Western United States, 15% in the Midwest, and 12% in the Northeast. Which means the bulk of opportunity for marketing luxury real estate remains in the Sunbelt.

Four out of ten or 40% of baby boomers own second, separate vacation homes. In fact, baby boomers account for 57% of all vacation home ownership, and own 58% of all rental properties in the United States. Ten percent of baby boomers plan to buy real estate over the course of the next year. Two-thirds of those will buy a new home, a second home, or commercial property.

According to a National Association of Realtors survey, baby boomers expect to use a professional realtor when they buy property. Not only will they utilize real estate agents, but they will demand excellent service and expertise from their agent. Of boomers in the rich category, 97% own homes, and 47% own other additional real estate.

Interestingly, American Demographics states that the future intentions of baby boomers regarding real estate investments, their thinking, and their attitudes are influenced by the media and outside pressures, including marketing.

Bellmarc Realty, which is a leading residential broker, offers the following advice for marketing real estate to affluent baby boomers:

Baby boomers believe bigger is better, so they are attracted to larger custom houses in luxury gated communities.

Use word-advertising to describe and promote large luxury houses. Most baby boomers have acquired many possessions over time and need lots of space.

Luxury properties should be suggested as long-term investments. Generally speaking, the appreciation rate on luxury houses is exceptional. Affluent baby boomers are very concerned with investment potential, which heavily affects their decision to purchase.

Location remains vital to affluent baby boomers. They desire traditional residential neighborhoods, especially if gated and exclusive.

Baby boomers find large, luxury houses with panoramic views very appealing.

Many rich and ultra-rich baby boomers desire spacious apartments in long-established co-ops, especially in the Eastern United States, since many of them come from sorority/fraternity backgrounds. In such instances, co-ops carry definite snob appeal, which is usually best described as “upper-class luxury.”

Affluent baby boomers often want to see all available luxury properties before they make a decision, so real estate agents should be prepared to be helpful and generous with their time.

Younger baby boomers, those in the 45 to 50 age-group, are interested in “up-and-coming” neighborhoods. The investment potential may take longer to reach fruition, but they are willing to wait.

Make sure to mention at least one nearby “destination restaurant” to younger baby boomers.

Younger baby boomers are interested in luxury apartments as long as they come with a doorman, an elevator, service amenities, and exclusive designer interiors. Younger boomers relish the latest gadgets and chic name brand appliances as well.

Since most baby boomers are still working full-time, and are technologically capable, use email and cell phones to contact prospective clients. Phone calls and emails should be short, because baby boomers are busy and on-the-go.

Some affluent baby boomers, according to the National Association of Home Builders, desire to “age in place.” This means they will not purchase new houses. Instead, they will re-model their present houses. Baby boomers in this segment want easy-to-use luxury products, such as more efficient lighting, convenient control devices, easy-grip handles and luxury cabinet hardware, adjustable showerheads, seats, bars, and luxury bathtubs with textured bottoms. Other desired luxury items include low-step showers, wider doorways, ground-floor bathroom additions, hardwood flooring, luxury carpeting, electric stair-lifts, and even in-home elevators.

Zero maintenance is of primary importance to affluent baby boomers. Many of them own two or more homes and they do not want to worry about security or upkeep when they are gone. They also want energy efficiency and attractive exteriors in their properties.
Read the article from Blogcritics.org

The largest and wealthiest group of buyers in the U.S. and Canada is over 50. Understand their maturing motivations and build your business by earning the SRES® designation. The SRES® designation prepares REALTORS® to approach mature clientele with the best options and information for them to make life-changing decisions.

5 Reasons Homeownership Trumps Renting

The seemingly endless run of bad housing news is discouraging some potential home buyers from considering a purchase. But the truth is that the advantages of homeownership have very little to do with investment gains. The best things about owning a home have a lot more to do with personal comfort and satisfaction.

Here are five of them:
· Be your own landlord. The bank can only kick you out if you don’t pay; a landlord can be much less dependable – deciding to sell the property or choosing to live there themselves.

· Paying the principal is forced savings. Yes, it’s possible that home prices will fall further. It is also possible that your 401(k) will lose value. But over the long haul, both are likely to enjoy modest gains in value.

· Fixed-rate mortgages never rise – and eventually you pay them off. With mortgage rates at record lows, people who buy now are locking in real bargains.

· Good schools. Family-sized rentals are harder to come by in areas with excellent public schools.

· Spacious properties in pleasant neighborhoods. Sizable homes in attractive communities are almost always owned – not rented.

Source: The New York Times, Ron Lieber (08/27/2010)

5 Reasons Homeownership Trumps Renting

The seemingly endless run of bad housing news is discouraging some potential home buyers from considering a purchase. But the truth is that the advantages of homeownership have very little to do with investment gains. The best things about owning a home have a lot more to do with personal comfort and satisfaction.

Here are five of them:
· Be your own landlord. The bank can only kick you out if you don’t pay; a landlord can be much less dependable – deciding to sell the property or choosing to live there themselves.

· Paying the principal is forced savings. Yes, it’s possible that home prices will fall further. It is also possible that your 401(k) will lose value. But over the long haul, both are likely to enjoy modest gains in value.

· Fixed-rate mortgages never rise – and eventually you pay them off. With mortgage rates at record lows, people who buy now are locking in real bargains.

· Good schools. Family-sized rentals are harder to come by in areas with excellent public schools.

· Spacious properties in pleasant neighborhoods. Sizable homes in attractive communities are almost always owned – not rented.

Source: The New York Times, Ron Lieber (08/27/2010)

Tri-Cities a great place to raise a family

By Pratik Joshi, Herald staff writer


Paula Fluit loves the Tri-Cities for its parks, schools and safe environment so much she said wouldn't dream of living anywhere else.

The Tri-Cities is perfect for raising a family, said Fluit, a stay-at-home mom.

That's why the Kennewick and the Tri-City region are among the top 10 places nationwide to raise a family, according to Kiplinger.com, part of Washington, D.C.-based publisher of business forecasts and personal finance advice. 

Kiplinger.com singled out the area for its low cost of living, affordable housing, a strong science-and-tech-based economy, plenty of outdoor attractions and a falling crime rate. 

It's no surprise to Fluit, an Othello native, who came to like the Tri-Cities ever since moving to the community about 10 years ago to be with her then-fianc, who now is her husband.

"We like to bike ride, go to parks and boating on the river," said Fluit on Wednesday while enjoying a day out with her three young children at the Playground of Dreams in Columbia Park in Kennewick. "There's always something going on."

The inclusion on the national list means more visibility and awareness for the Tri-Cities, said Carl Adrian, president and CEO of the Tri-City Development Council. It also recognizes the area's knowledge-based economy, which has diversified and created new types of jobs for the growing population, he said.

Adrian said he hopes the mention on Kiplinger.com will help attract new businesses and more investment to the community.

The high quality of life and area's affordability continue to serve as a magnet to lure people to the Tri-Cities, he said.

"Things are pretty cheap here," said Mark Tyler, who moved to the Tri-Cities from St. George, Utah, about three months ago with his wife, Melanie, and 2-year-old son Titus.

He wants to study accounting at Washington State University Tri-Cities next year when he becomes eligible for the in-state tuition rate.

St. George, a community of about 60,000 people, offers nothing like the Playground of Dreams, Tyler said. He and his family visit the parks at least three times a week. "It's free entertainment and my son gets to meet other kids," he said.

The Tri-Cities also seems like a nice community where people care, Tyler said.

That's true, agreed Mike Schwenk, chairman of Three Rivers Community Round Table, which was created in 2001 to develop a common vision for the future of the community. Over the years, the community has worked together to promote education with high-caliber schools and innovative teaching approaches, he said.
WSU Tri-Cities, which offers four-year degrees, and Delta High School, the new school focused on science, technology, engineering and math, are great examples of success the community has had that will help sustain the area's technological edge and promote innovation in the Tri-Cities, said Schwenk, who has lived in the area for 30 years.

United Way's Community Solutions initiative -- a regional health and human services plan intended to address the Tri-Cities' most pressing needs -- is another example of collaboration to achieve the desired goals in the community, Schwenk said. The communitywide effort began in 2006 with four program priorities: education, health, safety and self-sufficiency.

Three Rivers Community Round Table also is committed to promoting water-nurtured quality of life and improving connectivity through a transportation network, he said. It's all part of promoting economic development, he said.

The perception of the Tri-Cities as a Hanford-based economy is changing, especially in the Northwest, said Kris Watkins, president and CEO of the Tri-Cities Visitor & Convention Bureau.

The growth of wine industry in the area, outdoor attractions, particularly the local trail systems, and nice weather continue to draw visitors, she said. The Tri-Cities also is a hub for shopping for people in Southeastern Washington.
 
People like to come here because it's safe and clean and about three hours away from major metro areas, she said.

Some of those visitors end up settling down here, she said. The local arts scene has expanded and become diverse, and a variety of restaurants have opened in the past few years. That has meant more options for resi-dents and continuing economic growth for the community, Watkins said.

Walla Walla's Traci Jao came to study at WSU about 10 years ago and ended up making the Tri-Cities her home. It has good schools, family-friendly businesses, a lot of parks, safe environment and friendly people, said Jao, who is co-chairwoman of Young Professionals of Tri-Cities, which started in 2007.

-- On the net: To view the Kiplinger.com report, click here. Then click on the "next" button under the picture to see the Kennewick/Tri-Cities listing.

-- Pratik Joshi: 582-1541; pjoshi@tricityherald.com

Read more: http://www.tri-cityherald.com/2010/09/02/1152727/report-tri-cities-a-great-place.html#ixzz0zjYsOGQF

Smartmoney ranks Tri-Cities No. 1 in nation for housing

By John Trumbo, Herald staff writer

A new report on Smartmoney.com lists the Tri-Cities as one of the nation's five brightest spots in an otherwise drab economic landscape.

The online publication's report says the region's four cities will be No. 1 among the five best communities in the nation that will see increases in 2010 fourth-quarter home prices.

The report lumps together Kennewick, Pasco, Richland and West Richland and predicts just under a 4 percent increase in home prices over the same period of 2009, according to Tuesday's website posting on the Wall Street Journal's digital page.

Nationally, average home prices for the fourth quarter of 2010 are expected to fall more than 8 percent, compared with a year earlier, Smartmoney.com noted.

Joining the Tri-Cities on the plus side are four other metropolitan areas with predicted economic promise: Fairbanks with 3.2 percent improvement; Charleston, S.C., with 3.1 percent gain; Corvallis, Ore., up 3 percent; and Anchorage, with 2.7 percent gain.

"This report is consistent with what we've been hearing about our continued growth in the Tri-Cities," said Jeff Kossow, Kennewick's economic development director.

Kossow noted that while other parts of the nation have had hard times and struggled to get through the economic downturn, the Tri-Cities seems to have missed the worst of it.

"We haven't seen the bubble burst and we didn't see the bottom. We are continuing to see people come in and do things here," he said.

As an example, Kossow points to booming construction permits in the city of Kennewick.

This year, 323 permits were issued in January and February, with a valuation of $23,636,609. The same months in 2009 had 213 permits at $9,552,590.

Single-family housing starts in Kennewick for the same months were 59 this year at $13,189,922 and 18 last year for $4,039,764, Kossow said.

"This report follows a CNN money.com article that describes Kennewick among a handful of metropolitan areas that have bucked the trend, by being either flat or posting slight gains," he said.

Kossow quoted CNN: "The biggest winner will be the Kennewick metro area where home prices ramped up 8.9 percent over the past three years and are expected to go up 3.4 percent by June 2010."

CNN also mentioned Fairbanks and Anchorage as strong spots for economic recovery.

-- John Trumbo: 582-1529; jtrumbo@tricityherald.com

Read more: http://www.tri-cityherald.com/2010/03/10/933220/smartmoney-ranks-tri-cities-no.html#ixzz0zjX3dDEo

Wine, water and sun give area marketing edge

BY KRIS WATKINS PRESIDENT & CEO, TRI-CITIES VISITOR & CONVENTION BUREAU


Fueled by visitor spending, travel and tourism is a vital part of the Tri-Cities economy. It is an industry that provides thousands of jobs for Tri-Citians, bolsters revenues for both large and small entrepreneurial businesses, and contributes tax revenues for state and local governments. Tourism is an important element of community development and the strategic marketing and promotion of our region is an integral part of growing our local economy.

In 2009, many communities experienced double-digit declines in overnight visitors, while the Tri-Cities experienced a 4.2 percent growth over the same period. As the nation strives toward economic recovery and the competition for visitor dollars increases, it's important that we remain vigilant to stay abreast of the ever changing trends.

People no longer view vacations as a luxury, but as a necessity to recover from the stresses of everyday life. Given the current economy, people are looking for less extravagant, shorter vacations and getaways. Value added "travel deals" are an emerging trend.

The Tri-Cities is well positioned to monopolize on this trend because of its proximity to major metropolitan areas coupled with affordable hotels, abundant sunshine and unique attractions. Our area offers a wealth of experiences. Visitors can sip wine at our wineries, golf, and participate in myriad cultural and recreational activities available throughout our region.

In recent years, corporate America has experienced restricted budgets and reduced travel expenditures. As business travel declines, larger convention destinations, such as Seattle, are aggressively marketing to cost-conscious state and regional conventions that would not have been considered a few years ago. Convention planners are experiencing a "buyer's market" for the first time in decades.

The TCVCB has been proactive to these trends, and we've made adjustments to our marketing strategies, which will allow us to generate future business across many sectors of the industry. Our convention sales team has planned an aggressive schedule of sales trips to Northwest cities to secure lucrative meetings, sports tournaments and convention business and to increase our market share of leisure travelers.

The internet is the most frequently used outlet for vacation planning today. Our website, www.VisitTri-Cities.com, has been redesigned and offers a more attractive look with easier navigation, a comprehensive calendar of community events, an itinerary builder and links to social media. The site features 250 pages intended to increase or extend visitor stays and to support recruiting and relocation efforts of the business community.

The global spotlight continues to shine on the Heart of Washington Wine Country, attracting people worldwide to visit local wineries. To take advantage of this rapidly growing tourism segment, we have significantly invested for the fourth consecutive year in an advertising campaign targeting the Puget Sound region. The campaign features a combination of TV ads, banner advertisements and ad words all highlighting our great golf courses and growing wine region. This year the promotion will take place from February through May.

The recent addition of direct flights to San Francisco has not only added convenience for business travelers, but also has opened up a new market to promote the Tri-Cities as a destination to wine enthusiasts from California. The new direct flights to Phoenix/Mesa offer wide ranging possibilities for increasing tourism spending in the Tri-Cities.

In 2010, we are looking forward to continued success. In April, the Tri-Cities segment of the Confluence Project, featuring the work of famed artist Maya Lin, will be dedicated at Sacajawea State Park. There are several new hotel projects in the works, with at least one new hotel scheduled to open this year. Efforts are being made to include the B Reactor as part of the Manhattan Project National Historic Park. This designation and inclusion as part of the National Park System would increase visitor spending in the Tri-Cities.


Many industries continue to face challenges in 2010, and the TCVCB is mindful of how intertwined the travel industry is with other business sectors. The TCVCB will continue to navigate through the challenges ahead by being aggressive in promoting the region as a premier destination for business, leisure and group travel markets. The community's ongoing support has positioned us well for future success.

Tri-City job growth marches on

By Pratik Joshi, Herald staff writer


Nonfarm jobs grew by more than 3 percent -- from 94,500 in April 2009 to 97,400 last month-- thanks largely to hiring by firms helping clean up Hanford, said Ajsa Suljic, the new regional labor economist for the Tri-Cities. Most jobs were in professional and business services, said Suljic, who recently replaced Dean Schau.

The latest count also shows 500 new jobs have been added since March. "It's a good sign," Suljic said Tuesday after the state Employment Security Department released monthly employment data.
The gains were in construction, education and health services, professional and business services, leisure and hospitality, and trade transportation and warehousing.

Monthly job growth in the financial and retail trade sectors remained flat, though over the year the retail industry added 800 jobs for a total of 11,800. The local government and education sector lost about 100 jobs because of budget cuts.

The increased availability of seasonal agricultural jobs made many start looking for jobs again, adding 1,830 people last month to the work force, which stood at 130,210 in March.

Those jobs also helped trim the local unemployment rate from 8.3 percent in March to 6.7 percent last month, the largest drop since April 1993, Suljic said.

Employers remain cautious about hiring, but growth in labor force and relatively stable employment in retail, leisure and hospitality industries reflect positive trends in consumer confidence, she said, which will eventually spur local hiring.

The statewide unemployment rate fell from 9.5 percent in March to 9.2 percent in April, the first decline in more than three years.

"We may have moved off from the bottom. Looks like a trend to some degree at this point," said Dave Wallace, acting chief economist with the Employment Security Department.

The state added 5,800 nonfarm jobs last month, bringing the net gain to 14,800 nonfarm jobs in the first four months of 2010. Increased employment in construction, leisure and hospitality, retail trade, manufacturing, education and health service augurs well, Wallace said.

Both economists said it's hard to fathom how robust the national and regional recovery will be.  "We are not out of the woods yet," said Candice Bluechel, business services outreach manager at WorkSource Columbia Basin in Kennewick. She said every day at least 600 unemployed people still walk through the door at WorkSource. Many come to the Tri-Cities hoping to find jobs after they learned from news reports about the area's stable economy, which has weathered the recession better than a host of other communities.

Many local industries including food processing provide stable jobs, she said. But they can't absorb the influx of workers, she added.

Workers with technical, specialized skills, particularly in health care, may be able to find jobs with relative ease in the Tri-Cities, she said.

More seasonal agricultural jobs will become available in the months ahead, she said.

In Washington, an estimated 306,692 people were unemployed and looking for work.
Unemployment rates, not seasonally adjusted, as reported in other metropolitan areas around the state were: Bellingham, 8.0 percent; Bremerton, 7.2; Longview, 11.9; Mount Vernon-Anacortes, 9.8; Olympia, 7.5; Spokane, 8.8; Tacoma, 9.2; Wenatchee, 8.2; and Yakima, 9.0.

These labor market areas also were reported: Aberdeen, 12.5 percent; Centralia, 12.4; Ellensburg, 8.1; Moses Lake, 9.2; Oak Harbor, 8.5; Port Angeles, 9.3; Pullman, 5.5; Shelton, 10.3; and Walla Walla, 6.5.
Unemployment rates in other counties were: Adams, 7.4 percent; Asotin, 7.2; Chelan, 8.4; Clark, 13.7; Columbia, 10.0; Douglas, 7.9; Ferry, 13.2; Garfield, 7.0; Jefferson, 8.8; King, 7.5; Klickitat, 9.3; Lincoln, 8.0; Okanogan, 10.2; Pacific, 11.9; Pend Oreille, 12.5; San Juan, 6.4; Skamania, 12.4; Snohomish, 8.9; Stevens, 12.0; and Wahkiakum, 12.3.

Pratik Joshi: 582-1541; pjoshi@tricityherald.com; Business Beat blog at www. tricityherald.com


Read more: http://www.tri-cityherald.com/2010/05/19/1020196/tri-city-job-growth-marches-on.html#storylink=mirelated#ixzz0zjTfzet2

Tri-City home building on the rebound

By Pratik Joshi, Herald staff writer

Home building in the Tri-Cities is on the rebound, local housing experts say.

In the first quarter, 500 building permits for single-family homes were issued, compared with 169 permits in the same period last year. Total value of the latest permits was more than $112 million, the best since 2005 when 528 single-family home building permits were issued with a combined value of about $100 million.

Last fall, from October through December, 295 permits were given out with a combined value of little over $68 million.

"We expected the first quarter to be good for the Tri-Cities. But the numbers exceeded our expectations," said Jeff Losey, executive officer of the Home Builders Association of Tri-Cities. He said lower interest rates and federal tax incentives are helping the local construction industry.

Nationally, builder confidence in the market for newly built, single-family homes also improved significantly in April as consumers rushed to take advantage of a federal home buyer tax credit set to expire at the end of the month, according to the National Association of Home Builders/Wells Fargo Housing Market Index, released Thursday.

Data released Friday by the U.S. Commerce Department also shows that nationwide housing starts rose for a third consecutive month in March to a seasonally adjusted annual rate of 626,000 units from an upwardly revised February number. The rate of permit issuance for new housing construction also rose by 7.5 percent in March.

Homes under $250,000 remain a hot commodity in the Tri-Cities, Losey said, adding that housing starts in are keeping pace with the growing community. Most of the new construction is in Pasco.

Losey said he doesn't know if the Tri-Cities' housing starts will keep pace in the latter half of the year but is optimistic. Talk of the national economy reviving will surely play out locally, he said, and eventually also may help sell higher-end homes.

As that happens, people who recently have moved here and are waiting for their old homes elsewhere to sell will be able to get out of rental homes and buy their dream house, said Don Pratt, president of Don Pratt Construction, which specializes in expensive homes.

It may take six months to a year before the inventory of homes priced $400,000 and up is cleared, said Pratt, who's building six custom homes for clients.

He said he believes the community will need more houses at varying price points to keep up with the demand once the recession is over.

Most communities in Washington have seen an increase in single-family housing starts, but the Tri-City market has the best performance, said Joel Hill, Pasco-based project manager for Aho Construction, which since its inception in 1987 has built and sold more than 8,000 homes in the state. "The Tri-Cities is a fabulous place to raise a family and to retire."

Aho Construction has had 50 housing starts -- mostly in Pasco -- in the first three months of the year, Hill said. "That's up 20 percent from the same period last year," he said. The average cost of Aho homes is about $180,000.

Hill said his company was the first to build homes near Road 68 about 15 years ago.  "We saw the great potential of the area," he said. A majority of Aho homes buyers are either first-time buyers or retirees looking to downsize, he said.

Losey said the area between roads 68 and 100 in Pasco is the primary building corridor in the Tri-Cities. It's inexpensive because it's fairly easy to level it in absence of any hills, Losey said. And the opening of a new high school in the area has made it more attractive, he said.

Olin Homes, which has been building homes in Southwest Washington since 1962, has so far built and sold 12 homes in the Tri-Cities this year, up from eight in the first quarter last year, said Ivan Olin, its Vancouver-based office manager.

"We have sold another 45 homes that are under construction mostly in the Tri-Cities." Olin also is building four spec homes in Battle Ground, north of Vancouver, and four custom homes for clients in other parts of Southwest Washington.

"Last year, we were nervous like everyone else, especially in the first quarter," Olin said. His company ended up building and selling 74 homes in the Tri-Cities last year, said Olin, whose father Ron founded the company. The company's homes cost from $137,000 to $220,000 in the Tri-Cities, and from $182,000 to $340,000 on the west side.

Olin said the local housing market starts look healthy because the Tri-City economy stayed strong and home prices remained stable. Prices never escalated the way they did elsewhere. "We're building to (fulfill the needs) of homeowners, not investors."

It's reassuring for builders that the Tri-City market will continue to prosper in the year ahead, said Olin and Hill.

-- Pratik Joshi: 582-1541; pjoshi@tricityherald.com; Business Beat blog at www.tricityherald.com

Tri-Cities keeps producing jobs

By Pratik Joshi, Herald staff writer 


The Tri-Cities continued to show job growth last month, with a total of 96,800 nonfarm jobs -- an increase of 3.9 percent over the same month a year ago.  State employment statistics released Tuesday indicated a one-month gain of 1,400 nonfarm jobs in March over the month before.

Most of the annual job growth occurred in manufacturing, professional and business services, retail trade and the government sector, which included positions at local schools and with the U.S. Census Bureau. The one-month gain came from the trade, transportation, warehousing and utilities sector, retail trade industry, administrative and support services, and the leisure and hospitality industry. The financial sector saw no change, with 3,200 jobs. The number of workers in construction also stayed even, at 6,100.

"It's nice, but there are no guarantees," said Dean Schau, regional labor economist. Federal stimulus money has helped cushion negative effects of the recession, but the community eventually will need to diversify the economy and create other good-paying jobs, he said.

The number of workers in Benton and Franklin counties grew from 129,150 in February to 130,750 in March. Of those, 10,680 were unemployed.

The area's unemployment rate dropped marginally from 9.0 percent in February to 8.2 last month. People who are unemployed but not actively seeking work are not counted in the unemployment rate.

WorkSource Columbia Basin had about 900 jobs available on Tuesday, said Candice Bluechel, business services outreach manager at WorkSource.   

Employers are looking for a variety of workers including plumbers, pipe fitters and steamfitters, medical aides, network technicians, bookkeepers, diesel mechanics, office staff, customer service representatives, merchandisers, managers and landscape workers, she said.

Mike Manning, manager at the Ranch & Home store in Kennewick, said he recently hired four workers and may hire more as needed for spring and summer.  "Business has been good," he said, adding that customers also are buying big-ticket items.  Bluechel said she hopes more jobs, especially seasonal positions, will become available in the months ahead. But she said unemployed workers will continue to find that looking for a job remains very competitive.

Word about the Tri-Cities' relative resistance to the recession has drawn a lot of new workers to the area, Schau said, adding, "I'd hate to be unemployed."

Statewide, an estimated 1,600 nonfarm jobs were added in March. That marked the state's second increase in job numbers in three months following 13 consecutive months of job losses from the end of 2008 through 2009.

"This recovery is going to take time but the latest job gains are another positive indicator that we're on the right track," said Employment Security Commissioner Karen Lee.

Over the year, the state continued to show a loss in jobs, with 67,800 fewer nonfarm jobs last month than in March 2009 -- a 2.4 percent decrease. Nationally, employment was down 1.8 percent for the same period. The state's unemployment rate for March inched up by one-tenth of a percent to 9.5 percent.

Unemployment rates, not seasonally adjusted, as reported in other metropolitan areas around the state were: Bellingham, 9.5 percent; Bremerton, 8.5; Longview, 13.5; Mount Vernon-Anacortes, 11.5; Olympia, 8.6; Spokane, 10.5; Tacoma, 10.8; Wenatchee, 9.9; and Yakima, 10.6.

These labor market areas also were reported: Aberdeen, 14.5 percent; Centralia, 14.2; Ellensburg, 10.1; Moses Lake, 12.0; Oak Harbor, 10.0; Port Angeles, 11.0; Pullman, 6.5; Shelton, 12.3; and Walla Walla, 8.0.

Unemployment rates in other counties were: Adams, 11.8 percent; Asotin, 9.0; Chelan, 10.1; Clark, 14.8; Columbia, 11.9; Douglas, 9.4; Ferry, 16.5; Garfield, 8.9; Jefferson, 10.5; King, 8.1; Klickitat, 11.2; Lincoln, 9.9; Okanogan, 12.5; Pacific, 14.3; Pend Oreille, 15.7; San Juan, 8.3; Skamania, 14.7; Snohomish, 9.7; Stevens, 14.4; and Wahkiakum, 14.4.

Pratik Joshi: 582-1541; pjoshi@tricityherald.com; Business Beat blog at www. tricityherald.com

Tuesday, September 7, 2010

Five Smart Reasons to Buy a Home Now

RISMEDIA, September 4, 2010--The economy is stabilizing. Home prices are holding. It's not just as good a time as ever to buy a house. It's one of the best times ever.

ForSaleByOwner.com presents five overlooked reasons why now is a great time to buy a house.

1. Low mortgage rates serve as an equity shock absorber. When buyers borrow at today's record-low rates, they start building equity as soon as they close. That means they have a little give to absorb a few ups and downs as the still-recovering housing market gains traction.

2. Houses are in move-in condition. Homeowners have continued to spend on maintenance and repair, according to the Harvard Joint Center on Housing. Homeowners who have been holding back kept their houses in good shape while they waited. As those houses enter the market, they are in marked contrast to tattered foreclosures.

3. Terrific houses are coming on the market. Foreclosures are finally starting to clear the system – and this is just the opportunity that owners of many desirable properties have been waiting for.

4. Appraisal regulations are finally aligned with market realities. Fannie Mae has adjusted its appraisal guidelines...again. Now that appraisers have more flexibility to set values that reflect the current market, today's deals will make it over the finish line.

5. Plenty of programs. Homes are more affordable than they have been for years, but communities have stuck by "workforce housing" programs that encourage middle-class families to buy houses. Buyers who qualify can get a big boost by combining one of these programs with today's low mortgage rates.

Originally posted on http://rismedia.com/lowes/8355/9499

Ron at RealLiving Realty Pros
Talk to me today about providing a complimentary Comparative Market Analysis for your home!
ron@realtypros.NET