Finding spokane real estate has become relatively easy in the years since the global housing crisis of 2008. As of mid-2015, 7 million Americans had lost their homes to foreclosure. While these numbers are deeply troubling, there is a silver lining to this dark economic cloud. The housing market has begun to recover, meaning those who could not often afford a home or living quarters in the first place are now in position to rent or become homeowners. This is no less true in areas like Spokane, Washington and the surrounding areas of the Pacific Northwest.
While rent has doubled over the past 15 years (in comparison to income), a little known fact is that the buyer's market has become more and more affordable. This has to do with the influx of both industrial and technical jobs which had created a microcosm of "Silicon Valley for programmers, coders, IT experts, and computer hardware manufacturers. These factors come together to make spokane valley homes for sale a strong buyer's market. As the American (and world) economy continues to recover, however, potential homeowners will cash in, and the market will be far less equitable. Now is the time to consider buying in the Spokane area!
However, you need a jump on other buyers. You may be asking yourself, "How to Get Listing Updates 6 Days Faster Than Zillow?' Below are some tips that will help you get ahead and find a home that best suits your needs (with a minimum of the competition).
The median rental price for a location in Spokane is about $950, far greater than many other markets with comparable real estate prices. This indicates that rental, over time, is much more expensive than buying a house or even buying land on which to build. Over time, buying and/or building can save you money, as it allows you to be both energy-efficient an frugal in the long run.
You average home cost, by contrast, is quite low, averaging around $169,000 per home. This average only $82 per square foot! With a large, mobile, seasonal working population, homes homes for sale in spokane wa are some of the cheapest in the country!
Because of the environmental and sanitation laws, you have the prospect of buying a building a green home, which will lead to both peace of mind and lower energy costs over many years.
There are many good homes for sale in spokane wa, especially through realtors like coeur d'alene real estate. Look to the above advantages to find the best how for you.