According to the Apartment List: Spokane Valley rents rose 52% since 2/28/20 (#1 in the country) Boise rents rose 39% (#4 in the country) Spokane rents rose 35% (#9 in the country) Portland rents were up 1.1% Seattle rents were Read more…
Spokane Valley is tied with Orem, Utah as one of the fastest growing cities in the U.S. This is not surprising since it is close to Coeur d’Alene, which is close to the top of the list of fastest appreciating Read more…
On October 26, 2021, S&P Dow Jones Indices released results for the Case-Shiller Indices. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index covering the entire USA reported a 19.8% annual gain (appreciation) in August compared to August 2020. Read more…
Investment funds are chasing after single family homes in view of low interest rates. Rents increased 6% last year, the highest increase in 35 years. Investors view single family residences as an inflation hedge, and occupancy rates are high. With Read more…
What real estate markets are most overvalued in the world? According to UBS Bank, the following major cities are in a bubble risk (Global Real Estate Bubble Index score over 1.5): -Frankfurt (2.16) -Toronto (2.02) -Hong Kong (1.9) -Munich (1.84) Read more…
According to George Ratiu, senior economist at realtor.com, the housing market decidedly shot way ahead of the economy in 2021. We saw an overheated market with multiple offers, waivers of contingencies, price escalation clauses, and record prices. He predicts that Read more…
Nicholas Gerli, of Renventure Consulting says that data from Realtor.com shows that Boise leads the nation in price reductions at 920%. He believes that a housing crash has started in Boise, Stockton, and Austin. He even states that Boise is in Read more…
According to the Coeur d’Alene Association of Realtors, the median sales prices of homes in Kootenai County in August were up 40% from a year prior, to $470,000. Likely reasons for the huge jump include low interest rates plus pandemic-related Read more…
Nothing too unexpected here. Eviction moratoriums for over a year, tenants stop paying even if they have money, so small landlords sell out. Some properties are bought by owner occupants, reducing the amount of rental housing and resulting in an Read more…
The U.S. Supreme Court blocked the Biden Administration’s eviction Centers for Disease Control new eviction moratorium extension less than one month after it was enacted. After the original moratorium lapsed, a number of liberal lawmakers and activists pushed for continued Read more…
https://www.noradarealestate.com/blog/housing-market-predictions/
This video explains that different markets came down harder in the last crash. The biggest predictor was how much values went up before the crash. The host explains that values tend to go up with wages, jobs, and inflation. When Read more…
I’ve been wondering about “quantitative easing” since seeing how quickly the money supply has been increasing lately. Is the Federal Reserve really able to just print money out of thin air, decreasing the value of money relative to everything else Read more…
Though the Supreme Court has indicated that the CDCs prohibition on evictions is unconstitutional, the Biden Administration has extended the federal moratorium on evictions for another two months. The administration knows full well that the prohibition is illegal, but does Read more…