February 2017

Found 4 blog entries for February 2017.

Weekly sales numbers for Kootenai County-

This past week a total of 42 residential properties closed as did 5 condo sales.  Price ranges with the most sales were between $150,000 and $299,000.  Of the 42 residential sales 18 were financed conventionally and 8 of them were cash transactions. 

Our team sold 191 properties in 2016 and we look forward to helping you buy or sell in 2017. 

(information courtesy of Alliance Title and Escrow Corporation)

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DAVID GREENE, HOST:

We knew there were political divisions in this country between urban and rural areas, but last year's election showed us just how stark those differences are. And one trend we're following - people of similar political stripes are in some cases seeking each other out. Northern Idaho, for example, is becoming a beacon for conservative transplants from California. Here's NPR's Kirk Siegler.

ADRIEN KOCH: We have dogs. Thank goodness they're in there, and they didn't bark.

KIRK SIEGLER, BYLINE: Adrien Koch retired last summer from her job with FEMA in the Bay Area. After vacationing in the wooded mountains of north Idaho, she and her husband fell in love, and they moved here a few months later. It reminds cook of the California

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Interest rates are historically low right now, but they are starting to rise again. Currently, mortgage interest rates are 38% lower than they were just 10 years ago! With projected interest rates around 4.3% for 2017, it is an excellent time to make any sort of real estate transaction.

Just a year ago rates were around 3.5%. This February they are hovering around 4.1%. In just a simple half percentage point, the monthly payment rises around $50 without even counting the interest, that is a cost of $18,000 over the life of a 30 year fixed loan! If you are thinking of waiting it out to adjust your finances to buy a new home, contact a REALTOR* and go over your options.

REALTORS* have many connections and can help figure out the best way to get you

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January Sales- For Residential Single Family Homes



202 total sales



46 Sales in the $200,000 - $249,000 range alone!




Loan Types Used

Number Of Times Used

Conventional Loan

92

Cash

50

FHA

21

VA

18

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