Quite a Few Have Moved On

It's not so easy to sell Spokane homes anymore. My biggest issue is getting loans to go through.

clipped from www.kxly.com Downturn in housing market sends realtors packing Posted: Feb 26, 2009 05:36 PM SPOKANE - It's another sign of the economy: The downturn in the housing marking in the Inland Northwest has sent more than 100 local realtors looking for work. The Spokane Association of Realtors puts out a list of each month of people who have left the business. In the past two months 122 realtors have left the business and the association expects the list could grow by another 100 realtors by the end of next month. Only 115 homes sold in January in Spokane County, which is about one-third of the homes that sold in January 2006. The median price is now $170,000, which is down seven-percent from a year ago. The Association of Realtors told us this downturn is not unusual. The last downturn started in 1993. Downturns last about three years, level off for about five years and then the market begins to climb again.