A Victorian home in northeast Spokane was built in 1890 for a former city mayor and is now up for sale
It’s a real estate question that historically has had an easy answer: Do single-family detached houses appreciate in value faster than condominiums?
To find the origin of Open House Weekend in the United States, look no further than the housing market crash of 2008, which marked the largest home price drop in history.
We’ve all watched the TV shows where a house with a sagging roof, backed-up plumbing, broken windows and a pool full of alligators is purchased for nothing, and then magically turned into a beautiful rancher that’s bought for a lot by an equally beautiful family – in an hour.
Pent-up demand for homes in the Spokane-area and fewer homes for sale is creating one of the most competitive home-buying markets in years.
Homes are a big part of most
If you build it, they will stay.
Those hoping to get around the area’s low housing stock by building their own residence will have to compete for dwindling land, navigate more in-depth pre-development regulations and be prepared to wait, according to reports and industry experts.
It’s a strategy that crosses the mind of many borrowers when they take on a home loan: Make an extra mortgage payment or two every year and save tens of thousands of dollars in interest.
Spring is here, which means some people are gearing up to make what could be the largest purchase of their lifetime: a home. In many parts of the country, would-be buyers are finding that there aren’t enough homes on the market. That could lead them to move more quickly than they would like to increase their chances of getting the home they like, says Tim Manni, a mortgage expert for NerdWallet, a personal-finance site. The home-buying process can have many moving parts, and even people who aren’t rushing the process can make mistakes.