Clickbait Alert! “Spokane among the most overvalued market in the nation”, does the article hold up? Based on the data we tend to disagree. COVID has unlocked migration mania, middle-market towns have experienced extreme growth, demand for housing continues strong, climate events are pushing people to make a move, housing supply issues continue across markets and workforce shortages remain, competing markets are also seeing increases in prices. Affordability drops for Spokane natives but compared to our neighboring markets not nearly at the same rate. Is it worth purchasing a home right now? It really depends on your situation give us a call at 509-62-HOUSE to learn more.

Helpful Links from this episode:

https://www.nytimes.com/2021/07/13/opinion/covid-housing-phoenix-austin.html

https://www.nytimes.com/2021/08/31/opinion/when-climate-change-comes-to-your-doorstep.html?referringSource=articleShare

https://www.nahb.org/news-and-economics/housing-economics/indices/housing-opportunity-index

https://www.spokesman.com/stories/2021/sep/05/spokane-among-most-overvalued-real-estate-markets-/?fbclid=IwAR2MZahFNpXGKihviK4dz1qKmPFupEIKrg7eyExV0mxPPjMZGt4eutfVBuo