spokane market conditions: When Will Home Values Rebound? Predictions for Spokane and the Northwest
- 03/05/10 06:31 AM
By now you know that home values have taken a dip in Spokane. So the million dollar question is: Will prices go lower? When will prices rebound? No one has a crystal ball, and much will depend on our employment rate and the number of foreclosures hitting our market. A recent CNN Money article predicted home prices nationally could fall another 6% to their lowest point by September, 2011. However, their local forecast has Spokane values appreciating by 3.2% in that timeframe. Also of note, Tacoma, Kennewick and Seattle were among the top five on their list of best bets to … (1 comments)
spokane market conditions: Economy in Toilet = Lower Interest Rates for Homeowners!
- 03/16/09 11:57 AM
Unless you have been living in a cave, you most likely know that the U.S. Economy is at its lowest point in recent history. That is certainly not good news. But there is a silver lining: Mortgage rates tend to fall when economic news is bad. Basically, mortgage rates are tied to the Bond market so when the economy is weak, money flows out of Stocks and into Bonds. When Bonds go up, interest rates go down. For a very short period of time at the beginning of this year, we saw some rates as low as 4.75%. It has crept … (0 comments)
spokane market conditions: Spokane Snow Show
- 01/03/09 08:11 PM
As of January 2nd, the total snowfall in Spokane for the season was 66.9 inches. We’ve broken all the previous records. It is getting hard to come by a shovel, scraper, snowblower or roof rake anywhere. One day before Christmas we stopped to pick up some replacement wiper blades at Shucks Auto, and the parts guy told us rather grumpily that they were sold out… he had sold 1,500 wiper blades that day! It seems like it has snowed every day for the last two weeks, and the forecast keeps calling for more of the white stuff. I am not complaining. … (1 comments)
spokane market conditions: Benefits of Home Staging
- 11/25/08 02:53 PM
Home staging is the art of maximizing a home's best features to create an edge over the competition. That means cleaning, eliminating clutter, working with the "flow" of a home, neutralizing colors, creating the illusion of space, editing and arranging furniture, and enhancing curb-appeal. Other tricks of the trade include using design psychology to appeal to a buyer's emotions. The end goal is to make the home appeal to the largest number of buyers by transforming it into an appealing and attractive product for sale. For vacant homes, minimal staging furniture helps create an inviting space where buyers can envision themselves living. In … (0 comments)
spokane market conditions: How to Get a $47,000 Discount on a New Construction Home in Spokane
- 10/04/08 09:35 AM
Yep, you read that right. Most people know by now that the Spokane Real Estate market has not experienced the steep decline in values that many other locations have seen. Although listing inventory is high and total sales have declined, we've held fairly steady on prices. But that doesn't mean there are not great buying opportunities here. One of Spokane's largest and most reputable home builders, Sullivan Homes, went into court receivership in early August. Spokane attorney Nancy Isserlis was appointed as the receiver of Sullivan Homes' assets, which included 32 homes and 72 building lots, with a combined list price … (1 comments)
spokane market conditions: NOW is the Time to Invest in Spokane
- 11/27/07 01:58 AM
The Spokane residential real estate market continues to buck the national trend of declining values. Several factors are combining in the Spokane region, including positive in-migration, dwindling inventory in new construction, rising rental rates, and lack of supply of buildable land. The following statistics back up these facts: Forbes ranked Spokane 9th in the nation for housing appreciation, with a year-to-date increase in prices through June 2007 of 10.4%.Spokane is still a bargain. The median home price is $197,700 - less than a quarter of those in San Francisco and a third of those in Los Angeles.Apartment vacancy rates are extremely low, … (1 comments)
spokane market conditions: Spokane Highlighted again in Housing Top-Ten List
- 11/10/07 07:30 AM
While home prices nationwide continue to sag - there are still some very bright spots in the housing market, and Spokane, Washington is one of them! A recent article, Ten Rising-In-Value Real Estate Markets by Deborah Orr of Forbes.com listed 10 markets that are bucking the trend: Salt Lake City, Utah Median Home Price: $233,100; One-Year Increase: 21.9% Binghamton, N.Y. Median Home Price: $111,200; One-Year Increase: 19.8% Salem, Ore. Median Home Price: $227,900; One-Year Increase: 16.7% Farmington, N.M. Median Home Price: 201,900; One-Year Increase: 14.0% Allentown-Bethlehem-Easton, Pa.-N.J. Median Home Price: $274,500; One-Year Increase: 12.8% Beaumont-Port Arthur, Texas Median Home Price: $127,700; One-Year Increase: 11.8% Reading, Pa. Median Home Price: $157,800; One-Year Increase: 11.2% Glens Falls, N.Y. Median … (0 comments)
spokane market conditions: 10 Ways to Sell Your Spokane Home Quicker
- 10/13/07 07:22 AM
10 Ways to Sell Your House Quicker. Ok. So you are ready to sell your home. But with so many other properties on the market competing with yours, and fewer buyers able to quality for financing, you have a challenge. That's the bad news. The good news is that people will always need to buy homes - regardless of the current state of the real estate market. People get married, divorced, have kids, get job transfers and retire no matter if the housing market is up or down. Here are 10 ways to sell your house quicker: Price it competitively. Buyers have choices, and … (4 comments)
By now you know that home values have taken a dip in Spokane. So the million dollar question is: Will prices go lower? When will prices rebound? No one has a crystal ball, and much will depend on our employment rate and the number of foreclosures hitting our market.
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