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News and Updates

30-Year Fixed Mortgage Rates Stay Below 4%

The 30-year fixed mortgage rate hovered around 3.85 percent for most of the week, dropping to 3.70 percent Wednesday before rising to the current rate. “Last week mortgage rates experienced dramatic inter-day volatility, falling Wednesday to their lowest level since May 2013 fueled by global economic concerns and the potential threat of an Ebola epidemic,” […]

Windermere ‘Senior’ Christmas 2014

YOU can make a difference helping with our Windermere Foundation’s Senior Cheer Christmas Program! Bring the joy of Christmas to a lonely and poor senior citizen or disabled adult in Kootenai County, and celebrate in the true spirit of Christmas! Last year over 150 Seniors and handicapped adults, living alone in our community, experienced the […]

Local Market Update – October 2014

Short sales and REO sold properties are down 15% of the closed sales YTD. This time last year, they made up about 18%, and the year prior to that it was 36% of closed sales. Median sales price for residential is up 5% from this time last year. One very strong contributing factor to why […]

Local Market Update – September 2014

Non-distressed residential property sales are up 7% overall, while short sales and REO properties are both down substantially. Residential average sales prices in the MLS are up 5% from this time last year.  Residential single family <2 acres is up 13% from this time last year. Residential homes above $350,000 still reflect a stable balanced […]