The Local Market
Inventory is up what percentage from this time last year?
6 percent
A form 90 indicates what?
A notice
This local loan allows certain buyers to qualify for down payment assistance.
Washington State Housing
According to Core Logic, house prices in the last recession dropped by what percent?
19.7 percent
If you have noticed that our Instagram account is looking better, it is thanks to this new team member?
Clayton Dunn
Average price per square foot is average at what value currently
133 dollars a foot
This form states that a buyer has entered into a contract to sell their contingent property
22Q
In the event a buyer is unable to obtain financing after a good faith effort, what happens?
Buyers received their earnest money back.
According to KCM, the rent index from 2005 is what percent higher today?
36%
Our very own Angela Peterson just celebrated how many years with Prime?
5 years
Average days on market is currently how many days
39
When would the use of the 22A or the Appraisal form be appropriate?
With a cash offer.
Today's interest rate for a 30 year fixed loan is about what rate?
4.03 percent
Homeownership month is celebrated in this month annually.
June
Spokane had the worst air quality in the nation yesterday because of a large fire in this county?
Grant county
The average asking price in Kootenai County is this dollar amount to the nearest 5K.
421,000
A form 35E or escalation addendum can be used in negotiations but should always be confirmed with what form?
Form 36, a counteroffer addendum
A NINJA loan is short for what?
No income, no job, no assets
According to the NAR, what percentage of sellers move to be closer to family or friends?
14%
This car company announced it's move to the West Plains, bringing 850 jobs.
Mullan
The absorption rate has declined from over 4 months of inventory to what level currently
2 months.
There is a RE-20 something to cover multi family, residentail, vacant land, manufactured homes and what?
Condos and condo conversions
This is a temporary loan pulling equity out of an existing property.
Bridge loan
According to NAR aspiring home buyer survey, this percentage of non owners, aspire to own a home in the 4th quarter of 2018
84%
BPO is short for what?
Broker Price Opinion