By Kathy Orton, The Washington Post
October 20, 2014 5:04 p.m.
Just when it seemed that 30-year fixed mortgage rates below 4 percent were a thing of the past, stock market volatility and weakening in the Asian and European financial markets drove rates to lows not seen in 14 months.
Can you still do a short-term house flip using federally insured, low-down-payment mortgage money? That's an important question for buyers, sellers, investors and realty agents who've taken part in a nationwide wave of renovations and quick resales using Federal Housing Administration-backed loans during the past four years.
Five years after bank failures and an economic meltdown froze Clark County’s home-building sector in its tracks, construction has returned to lots zoned and permitted long ago. Housing construction remains well below pre-recession levels. But as builders such as Troy Johns can attest, the legacy of the Great Recession may shape the face of new housing in the community for years to come.
Clark County approved 56 residential building permits in September, the lowest monthly number this year but slightly more than the 54 permits issued in September 2013. Vancouver also reported a slowdown in building permit approvals.
Clark County home sales cooled during September, with listings, sales, and median prices all down from August numbers, according to the latest "Market Action" report from RMLS, the regional real estate listing service.
By Reed Cowden for The Columbian
October 14, 2014 6 a.m.
The city's newest hotel, the Hampton Inn and Suites at east Vancouver's former Evergreen Airport site, quietly opened for business about three weeks ago and is preparing for an official ribbon-cutting ceremony on Nov. 20.
By LILY RAFF McCAULOU for The Columbian
October 5, 2014 6 a.m.
Ron Wade said he hopes his car museum, a taproom and Clark County's first-ever food cart pod will become a hub of social and economic activity — and breathe new life into Hazel Dell when the complex opens in the spring. The neighborhood is welcoming the project with open arms.
On the Border, a Texas-based Mexican restaurant chain, has abruptly closed its single Vancouver location amid a swirl of legal claims against the restaurant's franchise owners over unpaid rent and taxes.
One of downtown's most recognizable buildings, the black glass box known as Main Place, has been purchased by a prominent Portland investment firm that is making its first major plunge into Vancouver real estate.
By Emma Fletcher, The Independent
September 25, 2014 6 a.m.
Walking through the construction site of the new Science, Technology, Engineering and Math building, it is hard to imagine anything other than the piles of dirt and giant yellow construction vehicles that currently occupy the space.
Clark County's real estate market in August reflected a normal seasonal downturn from July but showed continued strength overall with year-over-year increases in pending sales and median sales price and a 10 percent drop in the time needed to sell a home.