Housing Interest Rates Fall Back to Record Lows 11-25-08

Just in from our local lenders, NOW is the time to buy a home in the Lewiston Clarkston Valley! Conventional 30 year fixed rates fell again today, and some lenders offer no points to qualified buyers! FHA/VA/IDFHA rates are also down today. Don't miss out this time! There are many wonderful buys, as sellers who must sell are just waiting for buyer's! A list of properties in your price range is available upon request!

National Statistics

Today I was sent a wonderful map showing the market changes around the country! Click Here to see it. Click on the little homes representing the areas and it will show the median price and percentage of drop or rise in that area. From looking at this map the LC Valley would compare best with the Spokane, WA maket changes.

First Time Homebuyer Informational Seminar

Anyone who has not OWNED a home in the last 3 years is now considered a First Time Homebuyer, and is invited to attend a free seminar at the Asotin County Library on 5ht and Elm in downtown Clarkston, Wa on December 4, 2008. The seminar will be from 6-7 Pm, and will be Hosted by Keyna Willett of The Advisor's Mortgage Group and Judy Higgins, Realtor, of Coldwell Banker Tomlinson.

Topics to be covered include: Myth vs. Reality in the LC Valley Housing Market-- now is a great time to buy! Tips of how to get the best price in today's market, how to get the most value in a mortgage lender, and how to choose the right home based on monthly payments, not asking price. Limited seating is available, call 305-7896 to reserve your place today.

Real Estate Market Update for LC Valley

Our local MLS numbers are showing a steady market pace in the Valley as we end our 2008 real estate year. Our average residential dwelling is now selling at about 8% above last year's price, and buyers are paying $168,500 as average price for a 3 bedroom, one plus bath house. Interest rates remain at an affordable 6.25%. The combination of these circumstances makes this a great time to buy in our market.