Median home prices show signs of stability - Spokane, North Idaho News & Weather KHQ.com

Median home prices show signs of stability

WASHINGTON. - A real estate industry group says home prices rose in 40 percent of U.S. cities in the fourth quarter of last year, as massive federal spending helped the housing market show signs of stability.
     
The National Association of Realtors said Thursday that the median price for previously occupied homes sold rose in 67 out of 151 metropolitan areas in the October-December quarter versus a year ago. That's a sharp improvement from the third quarter, when prices rose in only 20 percent of cities surveyed.
     
The national median price was $172,900, or 4.1 percent below the fourth quarter last year. That was the smallest year-over-year price decline in more than two years.

The median price for a home in Washington was $244,000 in the fourth quarter, 8.5 percent lower than the fourth quarter of 2008.

For the whole year, the median sale price in Washington was $250,700, down 11.8 percent from 2008.

December home sales down nearly 17 percent

(January 25, 2010)

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>>

  • Skater dies from injuries in Riverfront Park accident

    Skater dies from injuries in Riverfront Park accident

    Sunday, January 21 2018 12:11 AM EST2018-01-21 05:11:18 GMT

    SPOKANE, Wash. - City of Spokane Parks and Recreation officials confirmed Saturday night that a skater injured Friday at Riverfront Park has died from their injuries. The skater fell and was hurt, but additional details about the extent of the injuries were not available. “The City of Spokane is deeply saddened by this horrible tragedy. Our thoughts and prayers are with their family, and we send our deepest condolences,” said Mayor David Condon in a release Saturday.

    >>

    SPOKANE, Wash. - City of Spokane Parks and Recreation officials confirmed Saturday night that a skater injured Friday at Riverfront Park has died from their injuries. The skater fell and was hurt, but additional details about the extent of the injuries were not available. “The City of Spokane is deeply saddened by this horrible tragedy. Our thoughts and prayers are with their family, and we send our deepest condolences,” said Mayor David Condon in a release Saturday.

    >>
  • What you should do if you have the flu

    What you should do if you have the flu

    Thursday, January 18 2018 1:36 AM EST2018-01-18 06:36:55 GMT

    SPOKANE, Wash. - The number of flu cases continue to rise. In Spokane County, more than 300 people have been hospitalized because of it and 14 of them have died. So how do you know you have the flu? KHQ met with Dr. Bob Lutz, Spokane County health officer. He says that the flu is a respiratory illness and if you have it, you’ll know it’s more than a cold. “You have the body aches. Everything hurts. I’ve had people tell me their eyes hurt, their hair hu...

    >>

    SPOKANE, Wash. - The number of flu cases continue to rise. In Spokane County, more than 300 people have been hospitalized because of it and 14 of them have died. So how do you know you have the flu? KHQ met with Dr. Bob Lutz, Spokane County health officer. He says that the flu is a respiratory illness and if you have it, you’ll know it’s more than a cold. “You have the body aches. Everything hurts. I’ve had people tell me their eyes hurt, their hair hu...

    >>
  • Authorities say Washington teens used dead deer as bait to hunt eagles

    Authorities say Washington teens used dead deer as bait to hunt eagles

    Saturday, January 20 2018 9:24 PM EST2018-01-21 02:24:04 GMT

    KLICKITAT COUNTY, Wash. - The Washington Department of Fish and Wildlife Police say three teens in Klickitat County were using a dead deer to bait and shoot eagles last week.

    >>

    KLICKITAT COUNTY, Wash. - The Washington Department of Fish and Wildlife Police say three teens in Klickitat County were using a dead deer to bait and shoot eagles last week.

    >>
HD DOPPLER 6i
/