For years, any time someone would bring up the subject of real estate, I always said the same thing...I've never been lucky in real estate. My radio career has taken me to many different cities across the United States, and every time I bought a home and had to sell for the next gig, I lost money.

But if you bought a home in the Tri-Cities 10 years ago or even a couple of years ago, you are rolling in the cash. Tri-Cities real estate continues to increase in value and now the average home here will cost you about $450,000.

If you plan on staying here, it doesn't really do any good to sell your house and make a bunch of money, because you're going to have to pay that much to move into another house. But many people have chosen to cash out and leave the Tri-Cities or the state of Washington altogether for cheaper housing and a little money in the bank.

And now that the federal government has decided to raise interest rates demand is even higher because everybody wants to buy a house before the rates go up according to a recent report. Is this going to be a bubble burst one day and prices plummet? I suppose it's possible but it doesn't look like it's going to be anytime soon.

 

KEEP READING: Here are the best places to retire in America

 

LOOK: Here are 25 ways you could start saving money today

These money-saving tips—from finding discounts to simple changes to your daily habits—can come in handy whether you have a specific savings goal, want to stash away cash for retirement, or just want to pinch pennies. It’s never too late to be more financially savvy. Read on to learn more about how you can start saving now. [From: 25 ways you could be saving money today]