"It's still a pretty robust housing market," Forsyth said, "well above the rate of inflation."

An excellent, and encouraging, piece of journalism from the Spokanesman Review on November 16. Spokane is still on a growth curve, which is very good news for home sellers and real estate investors. In fact, it's good news for retailers and service industries, too.

"Mitchell estimates 810,000 new jobs will be created in the West next year. The Inland Northwest should see job growth of around 2.5 percent, down from 3.3 percent this year but more than twice as strong as the 1.1 percent predicted for the rest of the country, said Forsyth."

For buyers, it may seem like a bad time to buy real estate, but home prices are still below the national average. (Prices increase as you travel out to Spokane Valley.) Appreciation is expected to slow, however. Or think of it as a market correction.

The average home price (through August) was $192,121--up 16% from the previous year! Next year homes are expected to appreciate at a more reasonable rate of 8%, according to the article.
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