December home sales down nearly 17 percent - Spokane, North Idaho News & Weather KHQ.com

December home sales down nearly 17 percent

WASHINGTON. - Sales of previously occupied homes took the largest monthly drop in more than 40 years last month, plunging far deeper than expected after lawmakers gave buyers extended time to use a tax credit.
     
The National Association of Realtors says sales fell 16.7 percent to a seasonally adjusted annual rate of 5.45 million in December, from an unchanged pace of 6.54 million in November. Sales had been expected to fall by about 10 percent, according to economists surveyed by Thomson Reuters.
     
Buyers were no longer scrambling to qualify for a tax credit of up to $8,000 for first-time homeowners. It had been due to expire on Nov. 30, but Congress extended the deadline until April 30.
     
The median sales price was $178,300, up 1.5 percent from a year earlier and the first yearly gain since August 2007.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Spokane sex trafficking victim gets second chance as shop owner

    Spokane sex trafficking victim gets second chance as shop owner

    Tuesday, September 18 2018 8:42 PM EDT2018-09-19 00:42:17 GMT

    SPOKANE, Wash. - From the outside, the Repeat Boutique looks like a lot of other thrift shops in Spokane.  Inside, some might describe the stuff for sale as old, used, discarded garbage -- but store manager CJ Curtis sees its potential. And just like the goods in her shop, CJ is on her way to a new life, one far from the one she once lived. 

    >>

    SPOKANE, Wash. - From the outside, the Repeat Boutique looks like a lot of other thrift shops in Spokane.  Inside, some might describe the stuff for sale as old, used, discarded garbage -- but store manager CJ Curtis sees its potential. And just like the goods in her shop, CJ is on her way to a new life, one far from the one she once lived. 

    >>
  • Police impersonator attempts to pull over Spokane woman

    Police impersonator attempts to pull over Spokane woman

    Monday, September 17 2018 8:45 PM EDT2018-09-18 00:45:37 GMT

    SPOKANE, Wash. - "He told me to pull over, and my jaw just dropped," a Spokane woman, who says a fake police officer tried to pull her over, doesn't want to be named. In fear, this could happen again. "It really scared me and kind of threw me off that night. I don't even want to drive by myself anymore," she said. She tells me that she was driving around North Spokane at night on her way home from work. 

    >>

    SPOKANE, Wash. - "He told me to pull over, and my jaw just dropped," a Spokane woman, who says a fake police officer tried to pull her over, doesn't want to be named. In fear, this could happen again. "It really scared me and kind of threw me off that night. I don't even want to drive by myself anymore," she said. She tells me that she was driving around North Spokane at night on her way home from work. 

    >>
  • Tennessee boy shoots, kills mom's husband during fight

    Tennessee boy shoots, kills mom's husband during fight

    Wednesday, September 19 2018 10:52 AM EDT2018-09-19 14:52:53 GMT

    Authorities in eastern Tennessee say a 12-year-old boy shot and killed his mother's husband during a domestic dispute.    News outlets report 56-year-old Kevron Thomas "Tommy" Durham was shot twice with a rifle Saturday night. A release from District Attorney General Russell Johnson says authorities had received at least five previous calls from the home for domestic violence, although none resulted in criminal charges. 

    >>

    Authorities in eastern Tennessee say a 12-year-old boy shot and killed his mother's husband during a domestic dispute.    News outlets report 56-year-old Kevron Thomas "Tommy" Durham was shot twice with a rifle Saturday night. A release from District Attorney General Russell Johnson says authorities had received at least five previous calls from the home for domestic violence, although none resulted in criminal charges. 

    >>
HD DOPPLER 6i
/