When you look at the national housing market, we think the Pullman market is really good.- Darl Roberts, owner and broker at Associated Brokers, "Local real estate markets stay steady," Moscow-Pullman Daily News, May 19, 2008
It's good if you are currently a home owner or a developer. It's not so good if you are a retiree or a young family with children looking to relocate to Pullman or buy a first home. Statistics from the WSU Center for Real Estate Research show that the median resale price for a home in Whitman County increased 19.2 percent over last year to $211,100. With a 10% down payment, an average amount of monthly debt and a 7% mortgage rate, a buyer would require an annual household income of approximately $75,000 to afford an average priced home in Whitman County.
Until Whitman County loosens land use restrictions, there will never be affordable housing here and the county will never be attractive to high-tech or manufacturing businesses looking to locate here.