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Stories tagged: Residential real estate


Median sales price for Spokane-area homes hits $240,000 in May

Spokane-area home prices continued their ascent in May, with the median sales price hitting $240,000.


Hot Spokane housing market requires aggressive approach

Shopping for a house in Spokane has become competitive in the past couple of years. Demand is up, inventory is down, and prices are rising.


UPDATED: Fri., Nov. 3, 2017, 4:30 p.m.

Spokane County’s strong housing market continues into fall

Homes continue to sell briskly in Spokane County, with the number of sales in October rising by nearly 20 percent over last year.


UPDATED: Wed., July 26, 2017, 10:16 a.m.

Spokane County home sales hit monthly record in June; some hopeful signs for buyers emerge

Spokane County home sales hit an all-time monthly record in June, with 944 properties sold. Sellers still have the upper hand, but there are hopeful signs for prospective buyers, Realtors …


UPDATED: Mon., June 5, 2017, 10:25 a.m.

Multiple bids, quick sales characterize Spokane home sales market

For houses priced under $300,000 in Spokane and nearby Kootenai County, it’s a seller’s market. The inventory of homes for sale is expected to be tight for the foreseeable future.


Tom Kelly: During a New Year visit a main-floor bedroom, bath come in handy

Hosting parents or older guests, especially those scheduled to stay overnight for the first time, requires particular preparation. Homey seasonal touches can make friends and family feel welcome, yet safety …


Job-loss insurance coverage can help cover mortgage payments

Job-loss insurance will pay an individual’s monthly mortgage payment, including principal, interest, taxes and any escrow impounds, should the insured become involuntarily unemployed. Self-employed and seasonal workers typically are not …


Tom Kelley: Adding a hot tub can help boost your four-season rental potential

Adding a hot tub is a sure way to lure people to vacation-home rentals.


Tom Kelly: Would a remodel make more sense than a move?

We hear it all the time—a house is worth what somebody is willing to pay for it. And in many neighborhoods, many people are paying a lot of money to …


Tom Kelly: No ‘blending’ of former and current home sale rules

It’s been nearly 20 years since a slicker, reusable model replaced the one-time capital gains exclusion on the sale of one’s principal residence, yet the “new” law still perplexes many …


Tom Kelly: Preferred housing terms for seniors, boomers

What are the terms that housing industry experts expect to run with in the future? Have they found the words that are absolutely taboo when marketing to seniors and aging …


Faculty make prime renters for college-area homes

If you do not have children, or feel they are not mature enough to head up a dorm-alternative household, there are still attractive rental possibilities for your potential property that …


Back-to-school dorm option could make sense

Back to school means back to the books—including the family checkbook. If you are ready to drop your son, daughter, grandson or granddaughter in a college environment, tuition and room-and-board …


Second-homeowners look to alternative financing

Many second-homeowners - especially those in the full-time vacation rental business - are looking to purchase another property but often face stringent financing guidelines. The same challenges, even with historically …


How the priciest home on the market in Seattle got a $0 property tax bill

The priciest home now for sale in Seattle is a stunner: A $15 million historic mansion upgraded with sleek modern features and gorgeous views atop Capitol Hill. But one of …


Housing market heats up in Spokane after years in the doldrums

The housing market in Spokane has heated up after years in the doldrums.


Home prices rising faster in Washington than in any other state

It’s not just Seattle that’s seeing eye-popping housing costs: Across Washington, home prices are rising faster than in any state in the country – the first time that’s happened in …


Tom Kelly: Appraisals lag in a hot housing market

Residential inventories might be on the rise in some neighborhoods but you would never know it by the number of offers on some well presented listings. Regardless of what ultimate …


Portland votes to foreclose on “Zombie homes” for first time in 50 years

The Portland City Council voted Wednesday to move forward with a plan to foreclose on so-called “zombie homes” for the first time in 50 years as the city grapples with …


Tom Kelly: The busiest time to move has arrived

School soon will be out and many kids will be on the move—many back to the folks’ house. While Mom and Dad might have room for some of their stuff, …


Tom Kelly: Tax-deferred exchanges offer a different path for real estate investors

Most real estate investors are familiar with tax-deferred exchanges. This practice allows the seller of an investment property to defer the gain on a sale by purchasing property of equal …


Tom Kelly: Make the right first impression with rentals

Memorial Day is right around the corner. The summer vacation season, coupled with the popularity of by-owner rental sites, has you ready to jump in to the rental industry. It’s …


Front & Center: Judy Haas discusses the art and science of home appraisals

What’s a home worth? The answer may differ, depending on whether you ask a buyer or seller.


Tom Kelly: Who can afford the tax on a raffle home? Most take the cash

The challenge of purchasing a home in a hot housing market has bolstered non-profit fund-raising efforts while boosting the dreams of potential homebuyers priced out of rapidly appreciating neighborhoods.


Tom Kelly: Foreigners take part in an increasing number of deals

Sales of homes to and by foreigners or foreign property has become a popular topic in many neighborhoods and college towns.


Tom Kelly: Changing the tax status and moving to another property

If you are considering making your vacation home your permanent residence, or vice versa, you should begin planning for a change in primary residence status.


Tom Kelly: First-time homebuyers should try everything else before tapping IRA

While consumers typically try to keep Individual Retirement Accounts geared to serve only retirement plans, terrific intentions sometimes have taken an alternate road.


Stick to fundamentals: Second home or investment property

If the reports of a major dusting of snow has you running to your favorite slope (or to a plane en route to warmer weather), don’t too get carried away …


Front & Center: Sylvia Dunn adds the extra touch for home sales

Sylvia Dunn stages homes for sale in a robust Spokane real estate market.


Tom Kelly: Keeping the peace while slicing up your getaway property

If you are taking the offseason to figure out the best way to slice off a piece of your vacation property for the kids or sell a section to a …