$199,900

12923 E. 26th Ave.

Spokane Valley, WA 99216

4bd/2ba/2 car garage

Location! Great corner treed lot with inground pool & large deck & patio!! Recently updated with newer roof, Gas F/A, Central A/C, new carpet throughout &tile floors in kitchen & baths. 2 car gar plus R/V or boat parking. Fully fenced low maintenance yard with lots of privacy! Living room has wood fireplace and awall of windows overlooking pool. Trendy paint & faux finishes. Large bedrooms - Come See!

Virtual Tour at: www.tourfactory.com/786538

Call or e-mail Melissa today for more information or for a showing at (509) 879-7858 or melissadailey@comcast.net.

407 E. Empire Ave.

$99,900

4ba/3ba/1 car garage

Virtual Tour at:

www.tourfactory.com/843446

Solid well maintained Rancher w/same owner for nearly 50 years! Spacious living room w/wood fireplace eat-in-kitchen w/pantry and all appliances stay! 3 Main floor bedrooms. Basement has large 4th non egress bedroom and Huge Family room. 3/4 bath and lots of storage. Partially fenced yard w/sprinkler system and oversized 1 car garage w/alley access. Priced to sell.

Call or e-mail Melissa today for showing at (509) 879-7858 or melissadailey@comcast.net.

Mortgage rates flirt with record lows again

NEW YORK (CNNMoney) -- Mortgage rates dipped into record territory again, with the 15-year fixed-rate falling to its lowest level in 60 years and the 30-year fixed-rate just a tick off its own record. A popular choice among homeowners looking to refinance, 15-year, fixed-rate mortgages averaged 3.13% last week, down slightly from the record low of 3.14% set in early February, according to Freddie Mac. The average rate on 30-year fixed-rate mortgage fell to an average of 3.88%, a mere 0.01 percentage points above its previous record low.


The record low rates have helped make housing as affordable as ever, according to Frank Nothaft, Freddie's chief economist."With these historically low rates and declining house prices, the typical family had more than double the income needed to purchase a median-priced home in January," he said.


To view the full article please visit: http://money.cnn.com/2012/03/08/real_estate/mortgage-rates/index.htm

Please call or e-mail Melissa today for more information or to schedule a showing today at :

(509)879-7858 or melissdailey@comcast.net

Lovely Updated South Hill Bungalow

1519 E. Thurston Ave.

$149,900

4bd/1ba/1 car garage
MLS # 201213051

Lovely updated South Hill bungalow with gleaming hardwood floors, 3 main, floor bdrms; large dining rm off the updated kitchen w/glass doors to deck, vinyl siding & windows, CAC & 95% eff GFA. Family rm, laundry & egress 4th bdrm in bsmt. Huge rear deck & fenced yard w/sprinkler system. Charming & nicely updated - Must See!!

Virtual Tour at:www.tourfactory.com/838991

Please call or e-mail Melissa today for more information or to schedule a showing today at :

(509)879-7858 or melissdailey@comcast.net

Home prices are lowest since 2002

NEW YORK (CNNMoney) -- National home prices fell 4% in the fourth quarter of 2011, putting them back at levels last seen in mid-2002. That's the fifth consecutive annual loss and the biggest decline since 2008, when markets were in free fall and prices plummeted more than 18%.

Prices have been falling since they topped out in 2006, and are down 33.8% from their peak, according to the S&P/Case-Shiller national home price index.

"The housing market ended 2011 on a very disappointing note," said David Blitzer, spokesman for S&P. "While we thought we saw some signs of stabilization in the middle of 2011, it appears that neither the economy nor consumer confidence was strong enough to move the market in a positive direction as the year ended."

After prices fell sharply in 2007 and 2008, declines over the past three years have been more modest. Many analysts thought markets were bottoming out and would soon stabilize, and even pick up. The last quarter of 2011, when national index prices fell a steep 3.8% from the third quarter, may have dashed those hopes.

To view the full article please visit: http://money.cnn.com/2012/02/28/real_estate/home_prices/index.htm

Call or e-mail Melissa today for any of your real estate needs at (509) 879-7858 or melissadailey@comcast.net.

New Home Sales Exceed Expectations

NEW YORK (CNNMoney) -- New home sales exceeded forecasts in the latest government readings Friday, another sign of a long-awaited recovery in the battered housing market.The Census Bureau reported that the pace of new home sales hit a seasonally-adjusted annual rate of 321,000 in January, up from the previous reading for December and better than economists' forecasts. Census also revised the December figure higher to a rate of 324,000, meaning that the pace of sales was about 6% stronger that month than the original estimate.

The supply of new homes for sale once again fell, the 11th straight month the inventory of new homes on the market has been at a record low level. The continued decline in supply comes even as other government readings have shown an increase in housing starts by home builders in recent months.The tight supply, which was at 151,000 new homes in January, helped to lift prices, as the median price of a new home sold in the month rose slightly to $217,100, up $600 from December.There are other signs that the long-suffering housing market is finally improving.

The pace of sales of existing homes in January was at the highest point since the end of an $8,000 home buyers' tax credit in 2010. Mortgage rates have been at record lows until a slight increase this week.

To view the full article please view: http://money.cnn.com/2012/02/24/real_estate/home_sales/index.htm

Please call or e-mail Melissa today for any of your real estate needs at (509) 879-7858 or melissadailey@comcast.net