Plese Realty LLC

https://finance.yahoo.com/news/ubs-strategists-see-far-deeper-142159566.html

UBS Strategists See Far Deeper Fed Rate Cuts Than What Markets Are Pricing (Bloomberg) -- The Federal Reserve will cut interest rates by 275 basis points next year, nearly four times more than what markets are pricing, strategists at UBS Investment Bank predict.Most Read from BloombergChina Weighs Ending Freeze on Boeing With 737 Max Deal in USIceland Girds for Volcanic Er...

Could you imagine owning your own peninsula on a beautiful lake in the northwest?

ENTIRE PENINSULA ON NEWMAN LAKE W/OVER 700 FT PRIMARY FRONTAGE - 22225 E. Rock Haven Lane, Newman Lake, WA 99025 $550,000, 3 beds, 1 baths, 1713 sq ft - Contact Vic Plese, Plese Realty, (509) 217-7889 or Kelly Stewart, Plese Realty, (509) 993-4425 for more information.

With temperatures dipping to (or below) ZERO this week it's a good time to make sure your home is ready for the severe weather. Make sure exterior hoses are disconnected and spigots are covered; replace dirty furnace filters; open cabinet doors where plumbing is located in exterior walls to allow proper airflow; locate your water main shutoff and make sure it's easily accessible in case of frozen or cracked pipes; caulk or insulate around windows and doors that allow cold air in; make sure fire hydrants are clear of snow - those are just a few! Be safe and stay warm - and have a VERY happy new year!

Still a good time to SELL! Active residential listings in Spokane County remain low at 683 units (less than half the norm) AND the median price in Spokane has increased over $100,000 in less than two years. That being said, we've likely hit a plateau and if you've been thinking about selling, now may be the perfect time.

Still a good time to BUY! Interest rates remain at near historic lows - around 3% for a 30-year mortgage and less than 2.4% for 15 years; worries of rate increases due to recent inflation may be unfounded as most agree much of the uptick is being caused by "transitory" factors such as supply bottlenecks and labor shortages (in spite of a 4.6% increase in average hourly wages over the past year). That being said, rates could start to inch up after the new year so it may be a good time to start your search.

Let us know if we can help!

Active residential housing inventory in Spokane County is at the lowest in MLS history. Currently, there are only 245 homes, condos and manufactured homes for sale in the entire county. With an average of 776 sales per month in 2020, this represents just a 10 day supply. If you've thought about selling, now is definitely the time. We need inventory to keep the bubble at bay. Let us know if we can help.

Stay indoors if at all possible Monday! We should all have enough practice doing this already ;-(

Spokane Regional Health District recommends working from home Monday due to hazardous air quality The Spokane Regional Health District recommended businesses in Spokane County allow employees to work from home as hazardous air quality continues.

Most people list their homes for sale in the spring but keep in mind inventory is still very low (713 active residential listings right now). People start thinking about making a move after spending the holidays in other people's homes - so January or February may be the time to sell. Let us know if we can help!

After much time and effort, the listing statuses in Spokane are changing for the better! Tired of seeing all the same homes that APPEAR to be on the market but have been sold for weeks? Starting August 1st, buyers will know right away if a home is truly active or not. Thank you to the MLS Steering Committee and all who spoke up!

There are currently only 707 homes listed for sale in Spokane County - the low supply and high demand has continued to make this an incredible seller's market. If you're thinking about selling, now may be the best time! Let us know if we can help - even if you're just looking for a baseline value for insurance or estate planning purposes we're here to help.

http://nahbnow.com/2018/06/more-than-170-lawmakers-take-a-stand-for-homeownership/?utm_source=newsletter&utm_medium=1-0618&utm_campaign=MMB2018

More than 170 Lawmakers Take a Stand for Homeownership At the behest of NAHB, 171 members of Congress this week sent a joint letter to the Trump administration calling on the U.S. to resume talks with Canada to negotiate a new softwood lumber trade agr…