Spokane Association of REALTORS® launches series of advocacy messages

Thanks to generous grants from the National Association of REALTORS® and Washington REALTORS® – we recently launched a series of video messages to help better explain the Spokane area real estate market and the challenges you may face in buying a home.

Why Is It So Hard to Buy a Home in Spokane?

Buying a home in the Spokane region can be an incredibly frustrating experience. There are two critical factors – rising costs and extremely limited supply.

Among the key driving factors:

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Why Are Housing Prices Going Up So Fast?

The Spokane Association of REALTORS® wanted answers.

So we convened some of the top real estate experts in the nation, the region and from here in Spokane, who gave us the answers. Among their findings:

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Why Spokane has such a Shortage of Homes?

Spokane has a housing problem, and experts tell us the city’s Centers and Corridors strategy has never worked in over 20 years. Adding that this restrictive local public policy has resulted in a severe lack of homes.

Among the key findings our experts report:
The Spokane area’s housing supply is severe, with a 94% reduction in available homes for sale since 2010.

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Is the American Dream of Home Ownership Slipping Away in Spokane?

The Spokane Association of REALTORS remains concerned that low inventories are pricing Spokane OUT of Spokane.

Here are the facts:

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Are Spokane’s Housing Policies Bad for the Environment?

Spokane has long enjoyed the biggest share of the Spokane/Coeur d’ Alene housing market, as much as 80% a recent as 2010. But today, the bulk of those homes are now being build across the border in Idaho. Between 50-70% of all new homes can now be found in Kootenai County.

The result is that more people from Spokane are buying homes there, but still commuting back to work back to Spokane. Traffic jams are now common along Interstate 90 – with as many as 30,000 more cars commuting ever day.

That’s a lot of CO2 emissions.

We believe a better way would be to build more homes here in Spokane, near where people work and play.

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