Diversified economy helps Spokane home prices hold up
| April 22, 2008 |  View for printing |
Last winter, Spokane, Wash., was hit with its second-highest snowfall on record. It's no wonder that ski slopes stayed open while home sales dropped.
"We had a long tough winter, and that slowed sales dramatically," says Rob Higgins of the Spokane Association of Realtors.
The snow and cold continued into March. Fortunately for the local real estate market, the wintry weather has passed, and Spokane's housing industry still enjoys a key benefit: The area's diversified economy is in better shape than are many other parts of the nation.
By Christine Dugas, USA TODAY
Full Story: http://www.usatoday.com/money/econom ... -wash_N.htm
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