Spokane and Coeur d’Alene among top 12 Markets

Study Shows Housing Values Have Climbed: Spokane among Top 12 marketsWhile nationwide home values showed, on average, a 4 percent decline in the last year, values were up nearly 29 percent over the past five years.  Just wait until you see the 6 Northwest cities (including Spokane) that made the nationwide Top 12 list.According to the third-quarter survey released by the Federal Housing Finance Agency, out of 292 metropolitan markets, 273 showed positive net home values in the last five years. (Only 19 percent were negative.)The long-term investment value of Spokane Real Estate continues to climb.  Markets that gained the most over the last five years were:Honolulu: up 78.7 percentVirginia Beach: 72.6 percentCoeur d’Alene, ID: 70 percentWenatchee, WA:  69.1 percentFlagstaff, Ariz.: 66.5 percentGrand Junction, CO: 66.1 percentBellingham, WA: 65.5 percentWilmington, N.C.: 62.1 percentSpokane, WA:  62 percentBremerton-Silverdale, WA: 61 percentOlympia, WA: 60.8 percentBaltimore: 60.6 percentSource: FHFA, 11/08 / From SAR Weekly Notices 12/18/2008