By Agustino Fontevecchia |

Seattle Foreclosures

Housing markets remain deeply depressed, as the latest S&P/Case-Shiller Home Price Indices show.  September data, released Tuesday, show that prices continue to drift lower, with three cities posting new index lows, as real estate markets remain unable to shrug off a massive inventory of foreclosed homes and a weak economy.

National home prices fell at an annual rate of 3.9% in the third quarter, as real estate markets tread even lower.  The decline appears to be decelerating, as Q2 prices fell 5.8% on an annual basis while Q3 inched up sequentially 0.1%.

"Housing remains stuck in the proverbial mud," explained Gluskin Sheff's Dave Rosenberg.  Despite the annual index appearing to decelerate its

Property Website

Priced at $164,995

Lot Size:  15 sq.ft. County:  Snohomish
Property Type:  Vacant Land MLS Number:  298294

Property Description

Owner financing available. Older 3 bedroom manufactured home on foundation, and outbuilding and carport on the property. Fully fenced. Private setting with lots of parking space. Easy access to I-5. Sold "as is".

Information is the key to effective decision making. Buying or selling, you have the right to the best and most current market information possible. Julia is dedicated to providing you with that information and keeping you informed every step of the way. She prides herself on being knowledgeable and staying current with changes in real estate law and Washington State regulations regarding real estate sales. Her loyalty and commitment to his clients is beyond question. 

A brief Bio

Julia has a BA in Finance and Marketing from the Curtin University in Perth, Western Australia. Julia started her career as a Corporate Tax Associate with Coopers and Lybrand. After 2years of that service, she ventured into financial journalism, writing for a financial

The number of homes listed for sale in October reached its lowest level in more than four years, according to MLS data compiled by Realtor.com. 

About 2.12 million homes were listed for sale nationwide last month, which is down by 3.5 percent from September. And at year-over-year levels, that number is down by 21 percent.

Inventories are declining due to banks taking longer to process foreclosures and sellers taking their home off the market after seeing their properties linger or getting low-ball offers from buyers, according to Zelman & Associates. 

In October, housing inventories declined the most in: 

• Portland, Ore.: -6.9 percent
• Seattle: -5.3% 
• Dallas:

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We hope you enjoy the Holiday!

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Dara Ith comes to The Cascade Team with many years of Real Estate, Architecture & Development experience.  Dara and her husband own and operate Utopia Design & Development Services which specializes in commercial, mixed use & residential building with an emphasis on environmental sustainability.  In addition to her design expertise, Dara works with real estate investors on new construction projects & sales.  Dara is currently developing an Apodment complex in Greenwood which includes a commercial component on the street level.  She also will be heading up sales on a  single family home site called Trillium ( http://www.trillium9.com/ ) coming soon to Bothell. We are absolutely thrilled to have Dara at The Cascade Team.

Dara Ith

206-849-7068

Additional Short Sale Information HERE

As of Jan. 1, Freddie Mac will require parties involved in a short sale to sign affidavits that will make them liable for any negligent or intentional misrepresentations in the transaction, HousingWire reports. Mortgage servicers are being urged to implement the change immediately before the Jan. 1 mandate, however. 

The move is part of Freddie Mac’s effort to crack down on the rising incidences of short-sale fraud.

"With this change, you will have more information to identify potential mortgage fraud and a clearer understanding of the intent of all parties involved in the real estate transaction," Freddie said in a statement announcing the rule

Property Website

Priced at $495,000

Bedrooms:  3 Bathrooms:  2.5
Home Size:  2,790 sq.ft. Garage:  3
Community:  Spinnaker Ridge County:  Island
Property Type:  Single Family Detached Year Built:  1996
MLS Number:  295425

Property Description

Panoramic views of Cascades from Mt. Baker to Mt. Rainier, ferry and shipping lanes and Hat Island. Awesome sunrises and twinkling night lights of Everett. Immaculate and beautiful home perfectly maintained invites cozy evenings in front of the fireplace or easy entertaining with spacious rooms and wrap around trek deck. Master on main level has great views and lower level ideal for company with its own suite and private quarters. Triple garage with workshop and a view! Gourmet kitchen with eat in dining area

Property Website

Priced at $249,950

Bedrooms:  3 Bathrooms:  1.75
Home Size:  2,310 sq.ft. Garage:  2
Lot Size:  14 sq.ft. Community:  Upper Ranier Beach
County:  King Property Type:  Single Family Detached
Year Built:  1939 MLS Number:  292997

Property Description

It is "The Home Place". First time on the market.Tastefully updated,charming farmhouse in the city with privacy. Sits up on a little hillside, overlooking territorial views, that can be enjoyed from inside or from a large covered deck, front porch,or patio. 3 bedroom,1.75bath with eat-in kitchen,dining room,living room,plus a den,rec.room, extra finished space.2 car detached garage w/ shop area. Quick access to I-5 ,buses,and light rail.Nice big yard.A great place to relax and call home.