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Eight out of 10 Spokane residents can’t afford to buy a home in current market conditions. Read that sentence again. We’re in a housing crisis like never before. Home prices in Spokane rose 30% over the past year alone, hitting an all new high for the average median home price this week at $460, 000. But the recent spike in home prices is only the tip of the housing crisis iceberg; the driving forces behind housing affordability started years ago. It’s past time to take action, and that work begins by getting a clear understanding of what’s driving the crisis.…
Read MoreThe Spokane Homebuilders Association is hosting the second annual Frame Your Future Workforce Development Camp this weekend. The purpose of this weekend long event is to give high school students hands on experience, and to have conversations with local builders to get a sense of what a career in the trades would look like. With the guidance of industry professionals, students will work together to build sheds that will be used for practical purposes around the Mead High School campus. These sheds present students with the opportunity to learn a wide variety of industry related skills such as blueprint reading,…
Read MoreSpokane County has reached an all time high for their home prices. The cost of a median priced home has increased by 26.3% since the previous March to almost $430,000. These prices have done nothing to change the fact that 8 in 10 families simply cannot afford any of the homes in Spokane. The reason for this spike in price can be attributed to the high demand for housing out weighing the supply that is being built. Prices this high often lead to a bottleneck of people in the Rental Industry. Potential homebuyers are being shut out by the steep…
Read MoreAs a young person, managing your money the right way is crucial in your financial growth. Ensuring that you’re not spending too much, or too little, on certain things is going to set you and even your current or future family up for success. Whether you live alone, are moving in with a significant other, or maybe even moving with children, these tips can help you navigate through the challenges of being a young homeowner. Secure Your Down Payment and Mortgage It’s important to start saving up money for your down payment as early as possible. Even if you put…
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