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By now you know that home values have taken a dip in Spokane. So the million dollar question is: Will prices go lower? When will prices rebound? No one has a crystal ball, and much will depend on our employment rate and the number of foreclosures hitting our market.
A recent CNN Money article predicted home prices nationally could fall ...
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Many factors go into buying a home, but one important factor is always "Am I getting a good value?" Buyers constantly weigh all of their reasons for buying, and a few buyers are considering putting off their purchase until the spring to see where the market is headed. However, there are several indicators pointing to the ...
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Unless you have been living in a cave, you most likely know that the U.S. Economy is at its lowest point in recent history. That is certainly not good news. But there is a silver lining: Mortgage rates tend to fall when economic news is bad. Basically, mortgage rates are tied to the Bond market so when the economy is weak, money ...
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History of Spokane's Average Home Prices from 1986 through 2008
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The final numbers are in for 2008, and here is how we fared:
Total sales for 2008 were 4,911 compared to 6,935 in 2007. The average sales price for the year was $206,291 and the median price was $184,000. The average sales price is down 2.6% compared to last year while the median price was down less than one percent.
The inventory as of the end ...
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US News and World Report listed Spokane in their “10 Great Low-Tax Places to Retire” Report. They created a search tool that ranks and analyzes more than 2,000 locations throughout the United States, according to various criteria including cost of living, healthcare, climate, and recreation.
Spokane is well known as a regional health ...
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As of midnight Friday January 2nd, the total snowfall in Spokane for the season was 66.9 inches. We shattered all the previous records. It is getting hard to come by a shovel, scraper, snowblower or roof rake anywhere. One day before Christmas we stopped to pick up some replacement wiper blades at Shucks Auto, and the parts guy told us ...
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Yep, you read that right. Most people know by now that the Spokane Real Estate market has not experienced the steep decline in values that many other locations have seen. Although listing inventory is high and total sales have declined, we’ve held fairly steady on prices. But that doesn’t mean there are not great buying opportunities ...
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Forbes recently announced their 10th annual ranking of the Best Places for Business and Careers. The findings help to paint a picture of what is happening in the overall U.S. economy, as well as in specific metro areas across the country. Plus, the rankings offer a wide range of choices for the best places to launch a new business, consider for ...
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