
CNN Money.com reported in March 2010 that Bellingham was ranked #13 out of all major US Cities for the highest expected home price appreciation for 2010, coming in at an expectation of 2.9%.
We haven't seen any appreciation yet this year in Bellingham. However, Seattle is having a great housing market boom these days and Bellingham, which usually lags behind Seattle by about 3 months, should experience the same boom in a month or two. Time will tell.