We always read about "the market" in the paper, or see, or hear about it on electronic media. Most of the time the reference is to the over all average nationwide, but it's interesting to see that it really does vary from place to place depending on where you are.
To see the Most Expensive Markets: Top 10 Most Expensive Markets To see the Most Affordable Markets: Top 10 Most Affordable Markets
These are all ranked based on 4 bedroom 2 bathroom homes. So, where do Spokane and Spokane Valley Washington fit in the market in terms of ranking? 2016 Coldwell Banker Home Listing Report
When we start … (2 comments)
spokane economy: We can grow big, if we put our minds to it
- 02/25/12 01:30 PM
Dr. Grant Forsyth of Eastern Washington University College of Business and Public Administration has compiled an area economic outlook for 2012. The good news is Agriculture and Retail sectors are on the increase while non-farm employment and income are trending upward. Initial filings for unemployment are down as well. It continues to be a forecast for choppy waters in the housing market however with an overall loss in equity predicted. Here's the link: http://www.ewu.edu/Documents/CBPA/IPPEA/2012%20Forsyth%20Outlook2-Nov-15-2011-PDF.pdf One thing of note in terms of residential real estate; with anecdotal value of course, is that for some on the buying side of things, it's a … (1 comments)
spokane economy: Good News for Home Sellers
- 11/18/11 10:21 AM
Housing Picture Expected to Brighten in 2012 Daily Real Estate News | Thursday, November 17, 2011 Better times are ahead for the real estate market in the new year, according to several forecasts and recent surveys. Fiserv, a financial information services firm, predicts that 95 percent of the 384 metro areas it tracks will see prices rise in 2012. Many surveys and economists are forecasting a very modest increase for the housing market in the new year, but after several years of dropping prices and rising foreclosures, even the slightest increase would signal a glimmer of hope for the market. In … (1 comments)
spokane economy: Quarterly Profits at S&P 500 are Strong! Glass really is half full...
- 08/11/11 07:05 AM
"Corporate profits remain robust" WSJ 8/5/11, Profits at more than 80% of the S&P 500 are reporting strong quarterly profits and earnings are up by almost 15% verses last year. Now why was this not on the front page? The sky is not falling and the glass is more than half full! I posted this on Facebook this morning, because just like the headlines in the paper (and yes fear sells papers) many of my friends appear to be full of doom and gloom based on a handfull of posts I've read, and really who can blame them? And yet here … (1 comments)
To People: Spokane Home owners are happier and healthier and enjoy a greater feeling of control over their lives. Owning a home is one of the best ways to build long-term wealth. Historically, a home owner's net worth has ranged from 31 to 46 times that of a renter. Home owners are free to redecorate, renovate, and modify their homes as they wish. Most home owners enjoy stable housing costs-a fixed-rate mortgage payment might not change for 15 to 30 years while rent typically increases 3 % a year. Home owners … (0 comments)
spokane economy: Spokane Real Estate Market Report December 2010
- 01/08/11 09:27 AM
Dec. 1 - 31, 2010. Spokane Association of REALTORS MLS Data: Average Sold Price: $179,516.00 Medium Sold Price:$157,750.00 Inventory: 2,593 (less than one acre, built on site, includes condos) Average Market Days: 142 Mean Market Days: 107 Homes Sold: 336 Inventory rate: 8 months. 336 closed residential sales were reported in December. This number is up from the 279 sales reported last month but down slightly from December last year when 347 closed sales were reported. The average sales price in December was $179,516 and the median sales price was $157,750 Year end closed sales totaled 4,249 down 8.9% from 2009 … (1 comments)
When you have to move, you want an experienced real estate expert whom you can trust and count on without question. Ask any of my past clients and they'll tell you that's me!
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