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Saturday, September 19, 2020  Spokane, Washington  Est. May 19, 1883
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Stories tagged: real estate

UPDATED: Tue., Sept. 15, 2020

Zillow names Spokane a midsize housing market to watch in 2020

Spokane is among a dozen housing markets nationwide poised for growth as residents flee large coastal metros in search of homes in affordable midsize cities, according to a Zillow report …

Spokane County home prices set another high mark in August

Spokane County’s housing market continues to show resilience during the coronavirus pandemic as the median closing price skyrocketed to a record-breaking $317,000 in August.

UPDATED: Sun., Sept. 6, 2020

Increasing property values likely will mean higher property taxes for most in Spokane County

The demand for housing in Spokane County continues to drive property values up, which coupled with changes to the way the state funds basic education means property owners are going …

UPDATED: Thu., Sept. 3, 2020

U.S. long-term mortgage rates little changed; 30-year at 2.93%

WASHINGTON — U.S. average rates on long-term mortgages changed little this week, remaining at historically low levels that has sparked demand for homes.

UPDATED: Thu., Sept. 10, 2020

Spokane Valley among nation’s best places to buy a home, says personal finance website

A popular personal finance website has reinforced what many homebuyers and observers of Spokane Valley real estate already know – it’s a great place to buy a home.

UPDATED: Fri., Aug. 21, 2020

Low rates and heavy buyer demand send US home sales surging

Spurred by ultra-low mortgage rates, home buyers rushed last month to snap up a limited supply of existing houses, causing the pace of purchases to jump by a record-high 24.7%.

UPDATED: Thu., Aug. 20, 2020

U.S. long-term mortgage rates rise; 30-year at 2.99%

U.S. average rates on long-term mortgages rose this week though they remain at historically low levels. The key 30-year loan nudged toward 3%.

UPDATED: Wed., Aug. 12, 2020

Low interest rates fueling explosion of bank activity in Spokane

After 20 years of renting in Boston and later Spokane, Florence Mwangi decided it was time to try to purchase her first home. The 56-year-old caretaker, who came to the …

UPDATED: Tue., Aug. 11, 2020

Record low mortgage rates, low inventory, out-of-area buyers fueling demand for homes in Spokane County as median price exceeds $300,000 in July

Record low interest rates and lack of available homes on the market are continuing to fuel buyer demand in Spokane, pushing the median home price to more than $300,000 for …

Front & Center: Tom Clark, Spokane Association of Realtors president, is building success through cooperation

As the 2020 president of the Spokane Association of Realtors, Tom Clark has spent the past year assisting real estate brokers, agents and clients navigate Spokane’s housing market.

UPDATED: Fri., Aug. 7, 2020

U.S. average mortgage rates fall; 30-year loan at 2.88%

U.S. average rates on long-term mortgages fell this week, pushing the key 30-year loan to a record low for the eighth time this year.

UPDATED: Fri., July 31, 2020

Rent’s due, again: Monthly anxieties deepen as aid falls off

Another month passes. The coronavirus pandemic marches on. And Americans struggling amid the economic fallout once again have to worry as their next rent checks come due Aug. 1.

UPDATED: Thu., July 30, 2020

U.S. average mortgage rates decline; 30-year loan at 2.99%

U.S. average rates on long-term mortgages declined this week, remaining near historic lows as the key 30-year loan slipped back below 3%.

UPDATED: Thu., July 23, 2020

U.S. long-term mortgage rates rise; 30-year at 3.01%

Average rates on long-term mortgages rose this week for the first time since June 25, after weeks of marking new record lows.

UPDATED: Thu., July 16, 2020

Spokane County’s housing market remained strong in June despite pandemic

Spokane County’s housing market showed little signs of slowing in June despite the coronavirus pandemic as pent-up demand and low inventory continued to push up prices.

UPDATED: Tue., June 30, 2020

U.S. home prices increase 4% in April

U.S. home prices gains accelerated in April even as sales have stumbled, a sign the coronavirus outbreak has had little impact on real estate values.

UPDATED: Mon., June 29, 2020

U.S. pending home sales see record-breaking rebound in May

The number of Americans signing contracts to buy homes rebounded a record 44.3% in May after a record-breaking decline the previous month, as the impact of the coronavirus pandemic sidelined …

UPDATED: Thu., June 25, 2020

National Realtors Association cancels annual conference, shifts to virtual format amid COVID-19

Spokane-area Realtors planning on attending their national association’s annual conference in New Orleans later this year won’t get that opportunity.

UPDATED: Tue., June 23, 2020

U.S. new home sales rise surprisingly strong 16.6% in May

Sales of new homes rose a surprisingly strong 16.6% in May with the reopening of major parts of the country potentially fueling activity in the housing market.

UPDATED: Thu., June 18, 2020

U.S. mortgage rates fall; 30-year at all-time low of 3.13%

Long-term U.S. mortgage rates fell this week as the benchmark 30-year home loan reached a new all-time low.

UPDATED: Wed., June 17, 2020

Spokane County home sales dropped in May, but prices continued to rise

Home sales in Spokane County dropped in May amid the coronavirus pandemic, but a shortage of properties on the market continued to push up prices.

UPDATED: Thu., June 18, 2020

Housing on the West Plains remains a top priority for city leaders

With pwsthe recent opening of Amazon’s fulfillment center and many more companies on the way, meeting a growing need for housing on the West Plains remains a priority for city …

Why home prices should perform far better than overall economy

The coronavirus crisis sent stocks plummeting, but home prices should hold up better because of a housing shortage.

Will the Spokane housing market weather the storm? Homebuying during the pandemic remains competitive and continues to favor the seller

But the new normal may not be that much different than the old normal, some local market observers say. They believe the Spokane area will continue to attract buyers, such …

UPDATED: Tue., April 28, 2020

U.S. home prices rose before viral outbreak shut economy

U.S home prices were rising at a steady pace in February, before the viral outbreak shuttered much of the economy and caused a sharp decline in home sales.

New home sales plunge 15.4% in March as virus hits

U.S. new home sales plunged 15.4% in March as a winding down in the middle of the month because of the coronavirus began to rattle the housing market.

Spokane County median home price, sales were strong in March as pandemic began

Spokane County home sales remained strong in March, reflecting an abundance of market activity occurring prior to the coronavirus pandemic. Spokane County home sales rose 19.4% compared to March 2019. …

Local property owners waiving late fees, making payment arrangements with tenants during pandemic

Some area property owners are taking steps to work with tenants by making payment arrangements and waiving late fees, especially for those who live outside city limits.

UPDATED: Sat., March 28, 2020

Inslee eases restrictions on how Realtors can interact with clients

Gov. Jay Inslee issued modifications on Saturday to the “Stay Home, Stay Healthy” order that loosen

UPDATED: Sun., March 29, 2020

Kenny Rogers crooned love songs, gambled on flipping mansions

Before the list of Hollywood home flippers included Ellen DeGeneres, Diane Keaton and Meg Ryan, there was country superstar Kenny Rogers, and they were all successful entertainers who performed for …