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Idaho home prices showed the fourth-biggest gain in the nation in a national survey comparing home prices in March to those a year earlier; Idaho home prices were 14.5 percent higher. Nevada saw the largest gain at 22.2 percent; California was next at 17.2 percent, and Arizona was third at 16.8 percent. Oregon was just behind Idaho with a 14.3 percent increase.
The data, from Core Logic, a real estate data provider, showed that nationwide, home prices increased 10.5 percent, and that they've now increased for 13 straight months. Record low mortgage rates, more demand and a limited supply of homes for sale were among factors driving the increases; the number of homes for sale in March was 17 percent below that of a year earlier. Click below for a full report from the Associated Press in Washington, D.C.
Idaho home prices tumbled 14 percent between August 2009 and August 2010, the worst depreciation in the country, according to business information provider Core Logic.
In Washington, prices fell 5.1 percent eighth worst in the United States. Oregon ranked fourth, with a 6.3 percent decline.
Spokane homes lost 7.4 percent of their value, those in Coeur d’Alene 9.1 percent
Nationally, prices fell 1.5 percent, the first decline this year, Core Logic said today.
The results include short sales and homes taken back by lenders.
Excluding what Core Logic calls ”distressed sales,” Spokane prices were down 6.3 percent. Coeur d’Alene’s prices 12.1 percent.
Core Logic said home prices by August had retreated 28.2 percent from their peak in April 2006.
- home prices