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Special Report

Kevin Blocker

Low home inventory doesn't dissuade new Realtors

Sales increase despite historic dip in number of available houses
January 14, 2021
Kevin Blocker
Spokane real estate agent Mary Stanton worked part-time in real estate for decades before deciding late last year to make it her full-time profession. Despite the arrival of COVID-19, the 51-year-old Stanton says she's busier in real estate now
Read More
Virginia Thomas

High end, high demand in Spokane's housing market

Variety of factors drive luxury-home market surge in the INW
January 14, 2021
Virginia Thomas
The luxury-home market is especially hot in the Spokane-Coeur d'Alene market due to what some agents say is a convergence of factors.
Read More

Strong development key to Kootenai County recovery

In-migration cushions real estate, financial services in pandemic
December 17, 2020
Mike McLean
North Idaho wasn't exempted from the pandemic-induced economic crisis of 2020, but the entire state may be recovering slightly faster than most of the country, contends Sam Wolkenhauer, Post Falls-based labor economist for the Idaho Department of Labor.
Read More

US-China deal spells growth for wheat growers

Demand for apples also on the upswing
December 17, 2020
Kevin Blocker
While COVID-19 may continue to wreak havoc on certain sectors of the economy next year, observers involved in two of the state's five largest agricultural commodities predict they won't be among them. Officials with the Washington Grain Commission an
Read More

Economic models show bump in retail activity next year

Restaurant industry still highly vulnerable
December 17, 2020
Kevin Blocker
While many of 2020's economic challenges due to COVID-19 will carry into next year, the most recent forecast for the state's retail industry shows more promise than first expected. At press time, the Washington state Department of Revenue's most
Read More

INW mining industry looks ahead with optimism

Lucky Friday output up; Bunker Hill anticipates reopening long-idled mine
December 17, 2020
Mike McLean
The mining industry in the Inland Northwest and throughout the U.S. shares some guarded optimism looking forward to 2021 and the incoming presidential administration, says Mark Compton, executive director of the Spokane-based American Exploration & Mining
Read More

Spokane-area tourism to remain dormant through mid-2021

Losses mount; recovery expected to take years but hope for second-half rally persists in industry
December 17, 2020
Virginia Thomas
The tourism industry here expects to see some signs of recovery in 2021 from the stifling effects of the COVID-19 pandemic, but likely not until midyear. Meg Winchester, president and CEO of Visit Spokane, says that by all accounts, 2020 was shaping up
Read More

Low interest rates, high deposits to steer finance sector

Despite spike in loans, earnings could slump
December 17, 2020
Virginia Thomas
Experts here say that while financial institutions have seen increases in loans and deposits in 2020, they could feel the squeeze of low interest rates in 2021. In March, the U.S. Federal Reserve lowered the federal fund rate-the benchmark interest
Read More

Full job recovery is possible in 2021, Spokane economists say

Regaining lost jobs will require stimulus, successful vaccines
December 17, 2020
Linn Parish
If a few positive steps are taken in 2021, the Inland Northwest could regain all of the jobs it lost this year, Spokane-area economists say. Such a recovery might not be V-shaped, but it would be a dramatic comeback, as Avista chief economist Grant
Read More
Natasha Nellis

Gains expected in much of Inland Northwest

Industrial development, single-family home sales are top performers in '20
December 17, 2020
Natasha Nellis
Real estate in Spokane stayed surprisingly strong in most sectors through the pandemic, say industry observers here, with home sales and commercial real estate investment, particularly in industrial space, seeing strong growth. Rob Higgins, executive
Read More
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