Multiple factors led to a strong buyer’s market in Spokane during the pandemic: an increase in lumber prices as quarantined people fixed up their own homes (plus a halt in production during quarantines), people not wanting to sell because they Read more…
Landlords in Washington State have been noticing how it has been becoming more and more difficult to be a landlord. There was a lengthy eviction moratorium and rent freeze during the pandemic. Leases that converted to month-to-month after annual terms Read more…
According to research by Oxford Economics, the whole world is in a property bubble and Canada is the second riskiest, after the Netherlands. They used a price versus rent ratio versus historical ratios and found that Canadian prices are about Read more…
The National Association of Realtors performed research using a variety of factors and came up with the top 10 markets that have shown resilience during the Covid pandemic period and that they expect to perform well post-COVID-19 in 2021-2022. I Read more…
The National Association of Realtors correctly predicted, last year, that Boise would be the hottest market for 2021. A recent article from U.S.A. Today listed the markets for which home prices soared by more than 50% since 2017. Spokane had Read more…
Washington State’s moratorium on evictions, that had been scheduled to expire on June 30, will be extended yet again. A “bridge” extension has been set up from July 1 through September 30 supposedly to allow state programs and services for Read more…
According to an article by Fortune Magazine, new data from Realtor.com shows that price growth in the housing market, is starting to slow, and has hit its lowest level in seven weeks. Year-over-year increases in home prices were actually down Read more…
With long term capital gains tax rates set to approximately double, possibly retroactively to April, real estate investors who want to take advantage of this seller’s market are, of course, considering 1031 exchanges. A 1031 exchange lets you delay the Read more…
Joe Biden has called for the increase of long term capital gains taxes to be retroactive to April 28th, 2021. The changes would approximately double the top rate from 28.8% to 43.4% (including the net investment income tax of 3.8%). Read more…
Researchers at Porch used data from Realtor.com and ranked metropolitan areas by the typical price of a 2,000 square foot home to find the most and least expensive homes. It is somewhat surprising to see Coeur d’Alene on the same list Read more…
House Bill 1236 has passed the Washington State legislature and has been signed by Governor Inslee. According to the bill, a landlord may not end a tenancy except for some specific reasons. If a landlord and tenant enter into a Read more…
Governor Inslee has signed another bill to make it more burdensome to be a landlord in Washington State. The bill requires that low income tenants facing eviction be represented by an attorney. There are already tenant rights unions and other Read more…
There is more to choosing a city in which to invest than just cap rates or rules of thumb. Calculating cap rates was explored in detail in a previous article on this blog. It is a must-read if you are Read more…
Senate Bill 5096 proposed a 9% capital gains tax for the sale or exchange of long term capital assets, beginning January 1, 2022. Governor Inslee has signed the bill. The bill would apply to individuals as well as to owners Read more…