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Wednesday, April 1, 2020  Spokane, Washington  Est. May 19, 1883
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Stories tagged: housing


Higher interest rates boost Fannie Mae profit

Fannie Mae, the government-controlled mortgage company, said its net income in the fourth quarter nearly doubled on higher interest rates.


U.S. consumer prices show signs of acceleration in January

U.S. consumer prices were unchanged in January, as the rising costs of housing and health care were largely offset by cheaper oil.


Landmark minimum wage increase gets Oregon lawmakers’ OK

Oregon lawmakers have approved landmark legislation that propels the state’s minimum wage for all workers to the highest rank in the U.S., and does so through an unparalleled tiered system …


Average U.S. 30-year mortgage rate at 3.65 percent

Average long-term U.S. mortgage rates were unchanged this week, but remained at historically low levels amid worries about the global economy.


Freddie Mac profit rises on higher interest rates

Freddie Mac, the government-controlled mortgage company, said its net income jumped in the fourth quarter thanks to higher interest rates.


Area tribes awarded $7.5 million for housing

Inland Northwest tribes will receive over $7.5 million in federal housing grants to benefit low-income families living on Indian reservations. The U.S. Department of Housing and Urban Development announced the …


Average 30-year mortgage rate falls to 3.65 percent

Average long-term U.S. mortgage rates fell this week for the sixth straight week as markets around the globe continued the whipsaw trading that has marked this year so far.


JPMorgan to pay $1.42 billion to Lehman Brothers

JPMorgan Chase has agreed to pay $1.42 billion to settle allegations that it withheld critical funds from Lehman Brothers in the final days leading up to Lehman’s collapse during the …


U.S. home prices rise in November; all-time highs in 4 cities

U.S. home prices increased at a faster clip in November, the gains fueled by solid hiring growth, historically low mortgage rates and a shortage of houses on the market.


Seattle friends joined forces see homeowner dreams come true

In Seattle, where the median single-family-home price hit $598,000 in November, the notion of splitting a mortgage isn’t the only thing driving younger adults to shack up together.


Samuelson: Fannie, Freddie live on despite risks

Government backs more mortgages than prerecession, helping prop up sluggish housing market.


UPDATED: Thu., Oct. 22, 2015

Judge erases conviction of man who struggled to get ahead because of old misdemeanor charge

For years, a misdemeanor assault charge from 2008 hampered Steven Terrasas’ every move. Despite earning, an associate’s degree from Spokane Falls Community College and impressing professors Terrasas struggled to find …


Years-old assault charge still haunts young father

Steven Terrasas has played by the rules for the past seven years. He’s been a model citizen, a hardworking student and a devoted husband and father. Yet a punch he …


About one-quarter of Spokane County property assessments are wrong

Have Seattle home values finally breached the Cascades and lifted Spokane real estate? No. That sticker shock from the Spokane County Assessor’s Office that arrived in the mail this week …


Annual homeless survey shows decrease

Spokane’s homeless population dropped 10 percent over the last year, according to the most recent Point-in-Time homeless count.


Proposal would ease downtown utility bill disparity

Developer Ron Wells has a waiting list of nearly 200 people wanting affordable apartments in downtown Spokane. “There’s another 50 to 60 that couldn’t wait around and had to find …


Homeless numbers in Spokane County higher

Spokane’s homeless population increased 12 percent over last year, ending a three-year downward trend, according to the county’s annual one-night snapshot. The most significant increase is among those who live …


LGBT seniors learn affordable housing can be scarce, often unwelcoming

The walls of Alice Herman’s home are covered in photographs. Herman and Sylvia Purdue, her partner of 45 years, smile in scenes from birthdays and hospital rooms. In black-and-white photos …


Passive house in Elk features energy-efficient construction

Quiet permeates the interior of Pat and Robin Rickey’s new passive house in Elk, built 200 feet from Highway 2. To let visitors hear beyond 20-inch thick walls, Robin Rickey …


Area real estate, construction industries fared better in 2013

The region’s real estate and construction industries continued rebounding in 2013, with home sales topping $1 billion for the first time since 2008 in Spokane. New construction, both for residential …


Tom Kelly: Consistent, low rates lifted housing market

Mortgage lenders are moaning that the refinance boom is over and the only way to make a profit in 2014 is to be successful in the new purchase business. I …


Tom Kelly: Complex history helps shape benefits for 55-plus housing

Why are developments and buildings for persons age 55 and older exempt from restrictions and seemingly so favored? A brief review of this country’s housing laws, and the reasons for …


Spokane County home sales up 40 percent; prices among most affordable

Spokane County’s housing market is one of the most affordable in the state for both middle-income families and first-time buyers, a new report says. The Housing Market Snapshot from the …


Long-stalled CdA development’s startup a good sign

This may be one of the clearest signs yet the housing market is recovering in the Inland Northwest: A patch of Coeur d’Alene hillside poised for new homes for eight …


SNAP housing will go smoke-free

Spokane Neighborhood Action Partners will follow the lead of other low-income housing providers in the city by asking residents to not smoke in their properties beginning Aug. 1. Residents of …


Homeless aid revamp apparently paying off

Among all the reorganizing and rethinking under Mayor David Condon, it can be hard to connect what’s happening at City Hall with what’s happening outside it. But there are signs …


Nonprofits plan new homes

A group of nonprofits is putting finishing touches on a plan to build up to 150 affordable homes and apartments for residents currently living in the landing approach to Fairchild …


Home construction hits fastest pace in more than four years

WASHINGTON (AP) — U.S. builders started more houses and apartments in February and received building permits for future construction at the fastest pace in 4 1/2 years. The increases point …


Home sales on the rise in Spokane

Adrianne and Jason Campbell just finished buying their first home: a modest, charming three-bedroom house in the South Perry district. The stars aligned for the young couple, who moved to …


Homeless no more

Now that Ervine Osman has a home, he’s looking forward to doing the little things most people take for granted. “Make a pot of coffee,” he said. “Take a shower.”