Todd Hays Spokane Real Estate Blog

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 Most likely you have heard the term REO and know that that it refers to a foreclosed or bank owned property. You also probably know that it stands for “Real Estate Owned”. There is a pretty good chance that the thought process ended there and went no further. If it did go further, you would real...
  At 702, closed sales for single family site built homes on less than one acre were up 8.3% from the year before. There were 2044 homes on the market at the end of the month which represents 2.9 months of inventory. This is the lowest inventory we have seen in a decade. Average and median prices...
 Year to date, new home sales in Spokane Washington have seen a 29.3% increase over the same time last year. Whether you are in the market for a new home or not, this is good news. New home construction is a great market indicator. Just a few short years ago, new home construction represented a v...
In Washington State the water is publicly owned and controlled by the state. This includes ground water and surface alike. Like many other states in the western United States, Washington is an appropriation rights state. This means that a property owner is required to obtain some kind certificate...
 With the beginning of the year behind us and spring just around the corner, it is time to forecast the Spokane real estate market for 2016. The Spokane Association of Realtors has released there February data and I confident in making a very optimistic forecast. In short, we are in for a record ...
 If you have not bought or sold a home in the current millennium, you may still think that escrow takes about 30 days. 30 day escrows are a thing of the past. Let me just say that I closed a couple of cash transactions in this past year that took about 15 days to close even with home inspections....
I will be holding a Home Buyer Education Class in Spokane Washington on Saturday, February 6th. This is the class that is sponsored by the Washington State Housing Finance Commission. Completion of this class is required to qualify for the Home Advantage Loan. The Home Advantage Loan is a state b...
Real estate in Spokane Washington is doing well and individual homeownership is still your best investment that you can make. In Spokane, real estate prices don’t have nearly the highs or the lows that we see in other parts of the country, but we are enjoying the same market recovery as everyone ...
Chasing the Market! Ok, you priced your home just a little high earlier in the season. After all, you didn’t want to leave any money on the table. And maybe you waited a little too long for that first price reduction. Well, your home did have a lot of activity those first few weeks. Now, here it ...
 90% of the homes on the market in Spokane Washington are overpriced and that is fairly typical for the rest of the country. When you consider that the National Association of Realtors is reporting the highest sale prices on existing homes since 2006 and Spokane has had a record summer in sales v...

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