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Thursday, February 20, 2020  Spokane, Washington  Est. May 19, 1883
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Stories tagged: real estate

U.S. home construction dips 3.6% in January

Construction of new homes edged back slightly in January after a December surge that had pushed home construction to the highest level in 13 years.

UPDATED: Wed., Feb. 19, 2020

Redfin: Spokane among four metro areas primed for growth in next decade

Redfin, in a recent report, indicated Spokane; Las Vegas; Charlotte, North Carolina; and Orlando, Florida, will be the most attractive metros for homebuyers in the next decade because of affordability …

Spokane County home prices, sales continued upward trend in January

Spokane County’s housing market continued to be brisk last month with a lack of available homes for sale and the median closing price approaching $275,000.

UPDATED: Thu., Jan. 30, 2020

Spokane’s housing market remains competitive, but homebuyers may have an easier time closing in 2020

Rosalind Weller had to find another home, and quickly. The landlord of the house Weller rented was putting the property on the market, making her a homebuyer for the first …

FHA down payment requirements: Homeownership without a big savings account

FHA loans were created to encourage and help first-time homebuyers since the down payment for these mortgages backed by the Federal Housing Administration can be as low as 3.5 percent.

UPDATED: Tue., Dec. 24, 2019

Wildfires cause turmoil in California property insurance market

Thousands of California homeowners have lost their insurance policies as insurers pull out of areas that are at risk of fire damage or stop insuring homes altogether.

US new-home sales rose 1.3% in November.

U.S. sales of newly built homes increased 1.3% in November from the prior month, a sign that low mortgage rates are pushing up purchases as well as prices.

US home sales tumbled 1.7% in November

WASHINGTON – Homebuying slumped in November, with some Americans priced out of the market by rising prices or constrained by a shortage of sales listings. The National Association of Realtors …

UPDATED: Mon., Dec. 9, 2019

Spokane County home sales dipped 7.7% in November

Although home sales dropped slightly in November from a year ago, it remains a seller’s market in Spokane County with low inventory and rising prices.

UPDATED: Wed., Nov. 27, 2019

Pending U.S. home sales fell 1.7% in October amid short supply

Signed contracts to buy homes fell 1.7% in October as number of available home dwindles.

U.S. home prices rose 2.1% from a year ago

U.S. home prices increased modestly in September from a year ago, as roughly seven years of rising home values have hurt affordability.

UPDATED: Thu., Nov. 21, 2019

U.S. home sales rose 1.9% last month, lifted by lower rates

Americans took advantage of lower mortgage rates and purchased more homes in October, though sales were held back by a shortage of available properties.

U.S. mortgage rates fell this week, boosting housing market

U.S. mortgage rates turned down this week, lowering the cost of purchasing a home and supporting the housing market. Spokane named top market for out-of-area home buyers

The metro area is becoming a mecca for housing affordability, having attracted the most interest from out-of-area homebuyers in the third quarter of any of the 100 U.S. cities evaluated …

Court upholds the first-come, first-served law for renters

The Washington state Supreme Court has upheld a Seattle law that requires landlords to publicize their criteria for prospective renters and accept the first qualified applicant

UPDATED: Fri., Nov. 8, 2019

Spokane County home sales rise in October

Spokane County home sales increased in October, marking the second month in a row for year-over-year sales increases since 2018.

Then and Now: TraveLodge River Inn

Much of Spokane’s downtown railroad and industrial infrastructure was removed in preparation for Expo ’74. But some areas weren’t ready for redevelopment until after Spokane’s big moment on the world …

Spokane County home sales post gain

Home sales registered their first year-over-year increase in September for the first time since 2018, as sales picked up toward the end of the prime buying season.

New construction values exceed $1 billion in Spokane County for 2019

New-construction permit values in Spokane County totaled more than $1 billion over the past year, marking the first time that dollar amount was exceeded since 2008.

U.S. new home sales climbed a healthy 7.1% in August

The Commerce Department said Wednesday that new homes sales increased to a seasonally adjusted annual rate of 713,000, up from a revised 666,000 in July. So far this year, sales …

UPDATED: Tue., Sept. 17, 2019

100 years ago in Spokane: With soldiers back from World War I, city experiences shortage of housing – and jazz musicians

Spokane was experiencing an upsurge in demand for professional musicians, especially those who could play jazz.

UPDATED: Mon., Sept. 9, 2019

Sellers continue to have advantage in Spokane housing market

The Spokane County real estate market was bustling with activity in August, but not enough to drive up home sales, as persistently high demand and low inventory continued to be …

Developer Rob Brewster returned to Spokane to rebuild his reputation, but now those efforts appear largely stalled

With bills unpaid, utilities shut off and the passage of at least six months since any permits have been issued, Rob Brewster said he hasn’t over-promised or under-delivered on a …

UPDATED: Sat., Aug. 17, 2019

‘These properties are weird’: Investors, speculators, neighbors snap up unusual parcels at Spokane County tax auction

While previous buyers passed on 18 oddly shaped and nearly unbuildable tax title properties for sale at the county, a group of investors and adjacent landowners who showed up for …

UPDATED: Thu., Aug. 8, 2019

Spokane County home sales drop year over year amid rising prices and low inventory

While the number of home sales in Spokane County dropped slightly in July, low inventory and high demand continued to push prices up.

Rehabilitated or demolished? Chancery emptied of tenants; future uncertain

A historic building that housed the headquarters of the Roman Catholic Diocese of Spokane for decades is being emptied of its tenants, but its future is unknown.

Paul Turner: Real estate flyers bring up a plethora of questions

The art of critiquing real estate flyers.

UPDATED: Wed., July 24, 2019

U.S. new-home sales increase 7% in June after 2 months of decline

U.S. new home sales rose at a modest pace in June but remained below sales levels earlier this year, suggesting low mortgage rates and a healthy job market aren’t encouraging …

U.S. home sales fall 1.7% with prices high and supply low

U.S. home sales tumbled 1.7% in June, with rising prices and a scarce supply locking out many Americans from ownership.

UPDATED: Mon., July 22, 2019

Spokane housing market among hottest in country named Spokane the third-hottest housing market in the nation in April.