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Sunday, September 15, 2019  Spokane, Washington  Est. May 19, 1883
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Stories tagged: real estate


Separate residences still offer tax benefits

Before the current, rather liberal tax advantages for home ownership, many older people delayed or declined marriage or remarriage “for tax purposes.” That’s because each person over age 55 was …


Should known crimes return to sellers’ disclosure forms?

We once bought a large family home in Seattle’s Madrona neighborhood where a woman shot and killed her husband in front of the living room fireplace. Should we have been …


Kelly: Mortgage relief won’t face tax – if you can get it, that is

Due to the decline in housing prices, many home sales are “short sales” in which the purchase price offered by the buyer is less than the mortgage amount owed by …


Bane’s real estate expertise allows clients to make smart choices

Katie Bane says the best real estate agents aren’t those driven to close deals and make money, but rather those motivated by a desire to help people. She should know. …


Sales contracts for homes rose 2% in January

The number of Americans who signed contracts to buy homes rose in January to the highest level in nearly two years, supporting the view that the housing market is gradually …


Broker’s level of expertise may not be what you’re seeking

When we bought our first home, my wife and I were stunned to discover that the person representing us in the transaction did not have a real estate license. Here …


Rising sales point to better year for housing

The housing market is flashing signs of health ahead of the spring-buying season. Sales of previously occupied homes are at their highest level since May 2010. More first-time buyers are …


Tom Kelly: Money to be made in yard, driveway rentals

My father was a physician in a two-man shop. He was also a baseball fan. When he was “on call” and felt things were calm enough to attend a game, …


Kelly: Essay contests, raffles continue to be tough sell

You’ve reduced your home’s price – twice – yet still no takers. You’ve painted the exterior, purged all unnecessary items in the kids’ rooms and prodded your agent to bring …


Kelly: Turning home into rental brings enticing tax benefits

Seniors are particularly careful about guarding their assets. With little monthly income, older people still living in their longtime primary residences need to make the most of an eventual home …


Report: House flippers a big cause of recession

LAS VEGAS (AP) — A new federal report shows that speculative real estate investors played a larger role than originally thought in driving the housing bubble that led to record …


Region’s homes selling for less

Average home sales prices in Spokane fell by 4.1 percent in October, in line with national and regional declines driven in part by foreclosures and high unemployment. The Spokane sales …


Area home sale prices continue to decline

Average home sales prices in Spokane fell by 4.1 percent in October, in line with national and regional declines driven in part by foreclosures and high unemployment. The Spokane sales …


Higher property appraisal brings out agent’s competitive side

In a recent column, we asked if a person who serves homebuyers and sellers for a living should be held to different guidelines if they are competing to purchase a …


New-home sales tick up as builders slash prices

Sales of new homes rose in September after four straight monthly declines, largely because builders cut their prices in the face of depressed demand.


What does it mean to buy property in receivership?

Mortgage defaults and delinquencies are common. Distressed properties account for nearly one-third of residential transactions. Foreclosures, short sales, banks’ REO (real estate owned) and bulk sales have become terms and …


Real estate broker enjoys fast pace of new business

Melissa Murphy imagined herself pursuing a career in politics, eventually even running for Congress. But stints in D.C., Olympia and the Spokane mayor’s office left her frustrated with the glacial …


Shoreline plan updates could use a little logic

An older couple had finally decided to move. Their landmark lakefront home, the headquarters for family reunions, community events and Sunday religious services, would soon be offered for sale. They’d …


First-time home buyers face tough competition

First-time home buyers are critical to the housing industry. Once they get in the door, this enables the former first-timer to move up. In a nutshell, first-time buyers help to …


Spokane home sales up for fourth month

The Spokane Association of Realtors reported 382 closed sales for the month, compared with 332 in April.


Rental homeowners can’t afford to be deceptive

We have some friends who rented a home in the mountains for Memorial Day weekend. It was the only weekend of the summer their entire family could gather. Summer jobs, …


Home-price index at lowest point since 2006 bust

Home prices in major areas have reached their lowest level since the housing bubble burst in 2006, driven down by foreclosures, a glut of unsold homes and the reluctance or …


Store closures offer silver lining

DALLAS — Filling the space vacated by hundreds of Blockbuster and Borders stores may seem like a huge challenge for shopping center landlords, but it may not be. Real estate …


Scam uses Craigslist to post fake home rentals

A scammer, apparently based in Africa, is posting bogus Spokane house rentals on Craigslist. Realtor Jessica Howerton said she was inundated with calls from potential renters of a home at …


Real estate market deep in high-end homes

In 2002, there were four North Idaho homes listed for sale at more than $1 million. Just two sold. But it was a start.


Mortgage forgiveness tax relief differs from home-sale loss

Four years ago, the Internal Revenue Service changed the law that required consumers to pay tax on mortgages forgiven by a lender. Those amounts used to be considered taxable income …


New home sales fall further

WASHINGTON – Home construction in the United States is all but coming to a halt. Americans are on track to buy fewer new homes than in any year since the …


Bank sues developer Chesrown over loans for Lake CdA development

Mountain West Bank has filed a $12 million breach of contract lawsuit against Marshall Chesrown, whose luxury home and golf course projects in the region have been foiled by economic …


Old consumer loan method applied to home mortgage

Refinancing continues to be a hot topic. Many homeowners who are planning to stay in their homes for the long term are trying to find ways to lock in record …


Home prices fall in major U.S. cities

Home prices are falling across most of America’s largest cities, and average prices in eight major markets have hit their lowest point since the housing bust.