Thank you so much for watching! I really appreciate your support. If you're interested in staying up to date with Spokane real estate tips and local market updates, make sure to sign up for my newsletter - halstedhometeam.com/contact it's packed with helpful info you won't want to miss! 📬 If you have more question about living in Spokane: 📅 Book an appointment with me calendar.google.com/calendar/u/0/appointments/AcZssZ0iNvXBWV6mNicGWfbbAbwJmwerqllXcK22G6M=?gv=true You can also follow me on my socials Instagram: @haydnhalsted Facebook: Haydn Halsted with Real Broker, LLC | Spokane WA Checkout my website for more info! halstedhometeam.com/ And if you haven't already, don't forget to subscribe and hit the notification bell so you don't miss any future videos. 🎥👍
Yes it’s possible that the Spokane housing market could have hit rock bottom; the wildfires in SOCAL has left tens of thousands of middle class residents homeless and many wealthy residents homeless and many of them are frustrated that they will be looking forward to relocating to another state where they can rebuild their lives and Spokane,Washington would be an excellent place for them to buy an existing home and move into it immediately and they shouldn’t have any problems getting a job.
I was born here and moved back in 2019. I can’t believe how low wages are here especially since housing prices went up so much in 2020-2021. Companies will need to raise wages to get good talent. The gap between the haves and have nots is also very apparent.
I’m starting to notice this shift. Early on in my channel most people would say that prices needed to come down and were unsustainable. Now that they’ve stayed high for so long and don’t appear to be coming down, the move is towards wages increasing to match home values. Just something I’m noticing!
Prices don't need to come back down to sub 300k, but they do need to come down to 325-375k. Otherwise forget it, wages are not keeping up / have not yet caught up. Yet companies are continuing to report record profits. Until companies can't get employees, because employees literally can't afford to move where the companies are, then wages will not go up.
I mean, yeah, but I was surprised (and heartened) to see that sales prices have basically stagnated for 3 years ('22-'24). While it's unlikely that home prices will come down significantly, a few more years of stagnant prices should at least enable wages to catch up. These sorts of corrections unfortunately take time.
Thank you so much for watching!
I really appreciate your support. If you're interested in staying up to date with Spokane real estate tips and local market updates, make sure to sign up for my newsletter - halstedhometeam.com/contact
it's packed with helpful info you won't want to miss! 📬
If you have more question about living in Spokane:
📅 Book an appointment with me calendar.google.com/calendar/u/0/appointments/AcZssZ0iNvXBWV6mNicGWfbbAbwJmwerqllXcK22G6M=?gv=true
You can also follow me on my socials
Instagram: @haydnhalsted
Facebook: Haydn Halsted with Real Broker, LLC | Spokane WA
Checkout my website for more info!
halstedhometeam.com/
And if you haven't already, don't forget to subscribe and hit the notification bell so you don't miss any future videos. 🎥👍
Yes it’s possible that the Spokane housing market could have hit rock bottom; the wildfires in SOCAL has left tens of thousands of middle class residents homeless and many wealthy residents homeless and many of them are frustrated that they will be looking forward to relocating to another state where they can rebuild their lives and Spokane,Washington would be an excellent place for them to buy an existing home and move into it immediately and they shouldn’t have any problems getting a job.
I was born here and moved back in 2019. I can’t believe how low wages are here especially since housing prices went up so much in 2020-2021. Companies will need to raise wages to get good talent. The gap between the haves and have nots is also very apparent.
I’m starting to notice this shift. Early on in my channel most people would say that prices needed to come down and were unsustainable. Now that they’ve stayed high for so long and don’t appear to be coming down, the move is towards wages increasing to match home values. Just something I’m noticing!
So many unsold homes. There's only one reason: price too high! :)
Gotta face reality!
Prices don't need to come back down to sub 300k, but they do need to come down to 325-375k. Otherwise forget it, wages are not keeping up / have not yet caught up. Yet companies are continuing to report record profits.
Until companies can't get employees, because employees literally can't afford to move where the companies are, then wages will not go up.
I mean, yeah, but I was surprised (and heartened) to see that sales prices have basically stagnated for 3 years ('22-'24). While it's unlikely that home prices will come down significantly, a few more years of stagnant prices should at least enable wages to catch up. These sorts of corrections unfortunately take time.