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The Spokesman-Review Newspaper The Spokesman-Review

Sunday, August 9, 2020  Spokane, Washington  Est. May 19, 1883
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Stories tagged: real estate


Prepayment plans surface with increased home values

A financial planner once told me that people really did not concentrate on saving for retirement until they paid off their home mortgage. The reason was that discretionary income was …


Kelly: The stigma of foreclosure lifts as lenders alienate borrowers

Our nephew, a high school teacher and coach in Southern California, decided to stop paying on his mortgage a year ago. Matt, 34, is still in the home.


Local Trail Angel: Mark Pinch

A choice natural area preserve for hikers was preserved with the help of a man who makes his living securing choice areas for development.


Reverifications help lenders weed out fraudulent borrowers

Can your lender challenge loan data after closing? Credit has become tighter and lenders are spending more time verifying a borrower’s assets, especially for investors. But just how long is …


Renting or buying is more than just a tax decision

The housing market is definitely on the uptick and rents are rising in most neighborhoods. There’s a tendency, however, by both landlords and salespersons to juggle numbers when they are …


Five adjacent properties across from Manito Park to be sold separately

The heirs of a longtime South Hill property owner have abandoned plans to sell five side-by-side residences near Manito Park to a single buyer. For more than a month, the …


Vestal: Hip block of West Main crying out for edgy moniker

You know something’s really alive when you get the urge to name it. That’s where things stand in the little block on the east end of West Main Avenue – …


Riverstone development in Coeur d’Alene hitting stride

It takes a brisk pace to keep up with John Stone as he ducks in and out of new stores at Riverstone, his live/work/shop/play community built on former industrial land …


Bargain properties, rising rents push more investors into market

With single-family home and apartment rents rising plus bargain properties still on the real estate market, investors are looking to take advantage of attractive deals. In fact, some real estate …


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 …


County’s first online auction of foreclosed properties mixed

Spokane County’s first online auction of foreclosed properties earlier this month generated 29 parcel sales and more than $125,000 to cover unpaid taxes on the properties. In a break from …


State says Montvale owner may have committed fraud

A state official asked a judge Thursday to strip management of the Montvale Hotel from Rob Brewster Jr., saying the once-prominent Spokane developer owes $140,000 in back taxes and may …


Vestal: Plaintiffs in Jeffreys lawsuits blame appraisers, lawyer

The real estate investments put together by developer Gregory Jeffreys in the years before his criminal indictment have been the target of lawsuits by investors, who claim Jeffreys took advantage …


Home sales heat up

Home sales in Spokane County jumped 20 percent compared to a year ago, marking the busiest January since 2007. Real estate brokers closed 248 home sales in Spokane last month, …


Feds unseal indictment against developer, his wife, girlfriend

Federal authorities unsealed a 73-count indictment Wednesday alleging bank fraud, money laundering and wire fraud against Gregory D. Jeffreys, a Spokane developer who has been largely blamed for the complicated …


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 …


Kelly: Abusive lending practices continue to target minorities

Both candidates in the November presidential election did little to offer a significant national housing policy, let alone cater to the needs – and deal with the abuses – of …


Pace of shadow inventory becomes real estate’s top story

Marty Linsky, a faculty member at the Harvard University’s Kennedy School of Government and co-author of the book “Leadership on the Line,” has popularized a line about how much consumers …


Informed seniors can prevent reverse-mortgage disasters

Reverse mortgage lenders gathered in San Antonio recently for their annual meeting and were met with another inaccurate story in a national publication. According to the piece “many” seniors were …


Under right circumstances, seller financing can be bargain

Lenders are being more cautious. While mortgage rates continue to hit new lows, the ultra-low rates are out of reach for many would-be borrowers who can’t meet strict underwriting standards. …


Homes sales still ticking up in Spokane

Spokane County home sales picked up again in October, but median sale prices dipped for the third straight month. The total number of new and existing homes sold came to …


New house? Don’t confuse performance with maintenance

The son of a longtime friend recently caught me at a Friday night high-school game and informed me he and his wife had turned down an older home in the …


US home prices rise in August at faster pace

WASHINGTON (AP) — Home prices rose in August in nearly all U.S. cities, and many of the markets hit hardest during the crisis are starting to show sustained gains. The …


Value of view plays key role in selling price of property

What’s the most sought-after amenity in a property? Probably waterfront, but those homes are limited in number. There’s no debate for second place: view.


If you charge for waterfront access, check your insurance

Many fishermen cut through private property to reach their favorite section of a river. Often, that entry can be illegal trespassing, but there are many places where access is granted …


Vestal: Anthony’s decision demands second look

What should we do with the most spectacular piece of property the city is selling? Deal it quick to the highest bidder? Or give it another moment or two of …


Auto sales, home prices help buoy weak US economy

WASHINGTON (AP) — The U.S. economy is looking more resilient, thanks in part to encouraging signs for the two most expensive purchases most Americans make: cars and homes. Cheap loans …


Obama calls on Congress to approve refinance plan

WASHINGTON (AP) — Citing historically low mortgages, President Barack Obama is pressing Republicans to back housing policies the White House says would help struggling homeowners refinance their debts and prevent …


Report: Americans feel more confident in economy

WASHINGTON (AP) — Americans are more confident in the economy than they have been in seven months, an encouraging sign for President Barack Obama with six weeks left in the …


Senior homeowners deserve more choices with mortgages

Perhaps the biggest boost to the reverse mortgage industry occurred when the U.S. Department of Housing and Urban Development announced it would insure its own product, the Home Equity Conversion …