Spokane Real Estate Market Improving - Spokane, North Idaho News & Weather KHQ.com

Spokane Real Estate Market Improving

SPOKANE, Wash. - During the recession it became increasingly difficult to take out a home loan. Now, here in Spokane, the real estate market is finally starting to pick back up thanks to low interest rates and high demand from new home buyers.

Marianne Guenther Bornhoft, a local realtor, said "It will be very interesting to see with loosening some credit issues for buyers in the past it's been pretty tight. We had such an issue a long time ago, the lending requirements were so tough, it's almost impossible for anyone unless you had a perfect credit score to buy something."

According to The Nation Association of Realtor's, total home sales last year were the highest they've been in five years and are expected to stay that way through this year as well. Right now the Obama administration is working to make more home loans available to buyers with lower credit scores. Realtor's we spoke with here in Spokane say this is already making a difference.

They say that within the last three to four weeks homes have been selling faster, leaving fewer left on the market. The realtor we spoke with said she personally listed her home last Saturday and by the next morning, she already had an offer. Nationally the average time a home spent up for sale in December was 73 days. Rob Higgins of The Association of Spokane Realtor's said "I would think it's an excellent time because the inventory is low and if you price your house right it should sell right away."

Marianne did tell KHQ that Real Estate is seasonal, when the weather gets better the market improves. We're also told the biggest factor in whether your home sells is where you price it, so, be sure to check comparable home prices in your area before you list it.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Spokane Valley Detectives arrest third suspect in Bret Snow homicide investigation

    Spokane Valley Detectives arrest third suspect in Bret Snow homicide investigation

    Friday, November 17 2017 3:55 PM EST2017-11-17 20:55:46 GMT

    SPOKANE VALLEY, Wash. - Spokane Valley Major Crimes Detectives have made a third arrest in the homicide investigation of Bret Snow.  37-year-old Cheryl L. Sutton was arrested on charges of Leading Organized Crime and Criminal Conspiracy to Commit 1st Degree Murder and 1st Degree Kidnapping in connection to Snow's disappearance.  

    >>

    SPOKANE VALLEY, Wash. - Spokane Valley Major Crimes Detectives have made a third arrest in the homicide investigation of Bret Snow.  37-year-old Cheryl L. Sutton was arrested on charges of Leading Organized Crime and Criminal Conspiracy to Commit 1st Degree Murder and 1st Degree Kidnapping in connection to Snow's disappearance.  

    >>
  • Navy issues updated statement on 'irresponsible and immature act' after obscene images drawn in skies over Okanogan Co.

    Navy issues updated statement on 'irresponsible and immature act' after obscene images drawn in skies over Okanogan Co.

    Friday, November 17 2017 4:50 PM EST2017-11-17 21:50:11 GMT

    OMAK, Wash. - I can picture the Austin Powers bit now.  The people of Omak looking up at the sky and seeing a giant (Fill in the blank innuendo here) just like in 1999's Austin Powers: The Spy Who Shagged Me. If you're unfamiliar, I'll save you a Google search.  A simple, yet effectively funny joke.  Except the U.S. Navy doesn't see humor in the real-life version at all.  

    >>

    OMAK, Wash. - I can picture the Austin Powers bit now.  The people of Omak looking up at the sky and seeing a giant (Fill in the blank innuendo here) just like in 1999's Austin Powers: The Spy Who Shagged Me. If you're unfamiliar, I'll save you a Google search.  A simple, yet effectively funny joke.  Except the U.S. Navy doesn't see humor in the real-life version at all.  

    >>
  • Cards Against Humanity buys plot of land on U.S./Mexico border to block border wall

    Cards Against Humanity buys plot of land on U.S./Mexico border to block border wall

    Tuesday, November 14 2017 5:39 PM EST2017-11-14 22:39:46 GMT

    KHQ.COM - Cards Against Humanity is known for unique stunts around this time of year. In years past, in an effort to combat Black Friday, they've had people send them $5 and literally sent nothing in return. Just like they said they would.  They've also mailed people poop in a box. 30,000 bought it.  They've even raised $100,000 to dig a giant hole in the ground.

    >>

    KHQ.COM - Cards Against Humanity is known for unique stunts around this time of year. In years past, in an effort to combat Black Friday, they've had people send them $5 and literally sent nothing in return. Just like they said they would.  They've also mailed people poop in a box. 30,000 bought it.  They've even raised $100,000 to dig a giant hole in the ground.

    >>
HD DOPPLER 6i
/
  • Top Stories from KHQHomeMore>>

  • Woman suffering from ALS gets custom home

    Woman suffering from ALS gets custom home

    Saturday, November 18 2017 12:52 AM EST2017-11-18 05:52:21 GMT

    COEUR D'ALENE, Idaho - An amazing moment Friday, November 17, 2017, for Kathy Martin and her family who can now call their new Coeur d’Alene home, theirs. “I’m really thankful, it’s going to help me out a lot,” Martin said. Kathy Martin has ALS, also known as Lou Gehrig’s Disease, which affects nerves in your brain and spinal cord that control your muscles. The home, built specifically to cater to Kathy’s needs is the first of its 

    >>

    COEUR D'ALENE, Idaho - An amazing moment Friday, November 17, 2017, for Kathy Martin and her family who can now call their new Coeur d’Alene home, theirs. “I’m really thankful, it’s going to help me out a lot,” Martin said. Kathy Martin has ALS, also known as Lou Gehrig’s Disease, which affects nerves in your brain and spinal cord that control your muscles. The home, built specifically to cater to Kathy’s needs is the first of its 

    >>
  • Spokane family discovers their new home destroyed

    Spokane family discovers their new home destroyed

    Saturday, November 18 2017 12:01 AM EST2017-11-18 05:01:33 GMT

    SPOKANE, Wash. - A family's dream home turned into a house of horrors after a man breaks in, destroying everything inside.  It was a day the Gunther family had been waiting for, to move into their new home. But when she checked on the place during her lunch break Thursday, Brittanie immediately knew something was wrong.   All of the work her family had done to get their new home ready was gone. "I don't even know what's really 

    >>

    SPOKANE, Wash. - A family's dream home turned into a house of horrors after a man breaks in, destroying everything inside.  It was a day the Gunther family had been waiting for, to move into their new home. But when she checked on the place during her lunch break Thursday, Brittanie immediately knew something was wrong.   All of the work her family had done to get their new home ready was gone. "I don't even know what's really 

    >>
  • Missing 13-year-old girl reported in Spokane Valley

    Missing 13-year-old girl reported in Spokane Valley

    Friday, November 17 2017 11:09 PM EST2017-11-18 04:09:42 GMT

    SPOKANE VALLEY, Wash.- Spokane Valley Sheriff's Deputies say they're looking for 13-year-old Jordan Ballou, who has been missing since 3pm Friday.  Deputies say she was last seen in the 6300 block of E. 4th Ave in Spokane Valley. 

    >>

    SPOKANE VALLEY, Wash.- Spokane Valley Sheriff's Deputies say they're looking for 13-year-old Jordan Ballou, who has been missing since 3pm Friday.  Deputies say she was last seen in the 6300 block of E. 4th Ave in Spokane Valley. 

    >>