Spokane Real Estate Market a Major Factor in Local Economy

As the Spokane housing market goes, so goes the local economy. Another report validating that Spokane cycles are less volatile making our region a great place to live, work and invest. Spokane real estate remains an attractive investment option especially when compared to other areas in the U.S.

clipped from www.spokesmanreview.com Regional outlook tepid Economic growth will be minimal at best, expert says Bert Caldwell Staff writer November 14, 2008 The 2009 outlook for the Spokane-Kootenai County economy is more of the same marginal growth that has characterized most of 2008, Eastern Washington University professor Grant Forsyth said Thursday. Speaking at the Greater Spokane Inc. annual economic forecast breakfast Thursday, Forsyth said he expects the region to continue to outperform the national economy, but not without potential contraction by several measures. He projected employment growth of less than 1 percent, with 2.5 percent growth the best case and a loss of 1 percent the worst. Change in other major indicators – home prices, personal income growth and taxable sales – also will hover around zero, although the possible swing for Kootenai County home prices ranges from an 8 percent increase to a 10 percent decrease. Spokane County, housing prices could trend from a 5 percent increase to a 4 percent decrease.