Washington

Home equity levels increased year-to-year in the fourth quarter of 2017 following a larger-than-expected surge in home prices during the past year.

Blue Lion Capital, which is upset with the Seattle company's growth strategy, also wants to replace two of the company's directors.

Spokane County, Wash., home sales got off to a rapid start in January.

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Home prices will continue to increase this year, albeit at a slower pace, as inventory is expected to remain tight and demand will continue to rise.

The Seattle area has now led the nation in home price increases for 15 months in a row, the longest streak for any region since 2001.

The Seattle company, which is gearing up for a proxy battle with Blue Lion Capital, appointed a former U.S. Bancorp executive to fill a board vacancy.

The West maintained its lead with the country's highest overall growth rate, though there may be signs that it is faltering.

In 2017, Spokane County reported the second-highest number of home sales in 30 years.