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Spokane, Washington  Est. May 19, 1883
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Household debt tops 2008 peak, but Americans’ finances are better

The recovery from the Great Recession has hit a milestone: Total household debt climbed to $12.73 trillion in the first quarter to top the peak reached in 2008 before the housing market crash and severe economic downturn led to a historic reduction, according to government data released Wednesday.

Housing recovery has some big winners – and a lot of losers

A controversial report last week from Trulia, the popular real estate website, upends conventional wisdom that the housing market is back to where it was in the halcyon days of 2006 and 2007. Back then, and for a decade preceding it, the housing bubble was fueled by low mortgage rates and relaxed lending criteria.

For millennials ready to buy a home, the pickings are slim

For years, millennials looked at owning a home as a distant fantasy. Student debt and a weak job market seemed to conspire to keep this generation stuck in their parents’ basements, if not permanently locked out of the housing market.

Potlatch: Housing market recovery expected to continue

Potlatch Corporation’s profit in the last quarter of 2016 was four times that of the same quarter a year earlier, the Spokane-based forestry, wood products and real estate company reported this week.

Stronger housing market boosts Potlatch earnings

Potlatch Corp.’s income grew by 27 percent last year and the Spokane-based company is expecting another strong year in 2015, based on continuing recovery in the U.S. housing market, officials said today.

Spokane County sees decline in ‘flipped’ home sales

Spokane County, like much of the nation, saw a decline in “flipped” home sales in the second quarter of this year. RealtyTrac said 55 Spokane homes were sold by flippers in the second quarter, down from 66 in the second quarter a year ago. The company tracks foreclosures and sales nationwide and collects an array of real estate data.