The Cascade Team Real Estate Blog

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OUR LOCAL REAL ESTATE TEAM

Cascade Team Real Estate agents are proactive in serving their customers, studying the market and touring homes, so they can provide the most accurate housing market data for their clients. This helps you better understand the competitive environment, pricing strategies and provides an edge in the negotiation process.  Our goal is to always meet and exceed your expectations.  We look forward to the opportunity of working with you on your next real estate transaction.

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Millennials... It's what's up in the home buying arena. 

Devon Thorsby as written a well researched article titled: 10 Ways Millennials Are Changing Home Buying. This article was published some time back and recently updated at U.S. News & World Report. 

You can read this awesome article here... on continue on. 

The NAR (National Association of Realtors) defines the millennial generation as people born between 1998 and 1980... age bracket is between 32 and 40 year old. This generation is further said to make up 37% of the current pool of home buyers in the United States.

That is and phenomenal number of buyers in the home buying pool. Millennial home buyers are not to be ignored. Watch as this group of people continue to set trends and

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Sellers Are Returning to the Housing Market | MyKCM

 

In today’s housing market, it can be a big challenge for buyers to find homes to purchase, as the number of houses for sale is far below the current demand. Now, however, we’re seeing sellers slowly starting to come back into the market, a bright spark for potential buyers. Javier Vivas, Director of Economic Researchat realtor.com, explains:

“Seller confidence has been improving gradually after reaching its bottom in mid-April, and now it appears to have reached an important recovery milestone…After five long months, sellers are back in the housing market; while encouraging, the improvement to new listings is only the first step in the long road to solving low inventory issues keeping many buyers at bay."

Even with the number of

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Seattle area prices rising during pandemic

The Seattle Times was out with an article with the latest on the Seattle market and how pricing is still rising during the pandemic. I found this was particularly interesting:

Homes in the King, Pierce and Snohomish tri-county area saw average year-over-year price increases of 6.8% in May, according to the new release of the S&P CoreLogic Case-Shiller Home Price Index — the sixth consecutive month Seattle-area price growth has topped national averages.

This is not surprising. We are seeing good homes in popular locations selling fast, often with multiple offers. Inventory of homes for buyers to choose from is still tight. Buyers who are ready to make a move and want to learn how to beat the

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It’s August of 2020, interest rates are at an absolute all time low - now is the time. Let’s start prepping!

If you’re like many other first time buyers - you have no idea where to start or how to prepare and that’s OK. Real Estate Brokers exist solely for that reason!

Below is a list of tips & tricks that will help you set yourself up to become a strong buyer.

1. Needs VS Wants

Before you even start looking at homes - write down a list of absolute musts (location, square footage, # of beds/ baths, etc). Reference that list when you start viewing homes so you don’t get caught up touring homes that don’t have the amenities you can’t live without.

2. Make a Budget

Set a budget that reflects your current income & debt. Don't stretch

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The Seattle Times was out with an article with the latest on the Seattle market and how pricing is still rising during the pandemic. I found this was particularly interesting:

Homes in the King, Pierce and Snohomish tri-county area saw average year-over-year price increases of 6.8% in May, according to the new release of the S&P CoreLogic Case-Shiller Home Price Index — the sixth consecutive month Seattle-area price growth has topped national averages.

This is not surprising. We are seeing good homes in popular locations selling fast, often with multiple offers. Inventory of homes for buyers to choose from is still tight. Buyers who are ready to make a move and want to learn how to beat the competition should check out our plan here.

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June 2020 Market Statistics

REcolorado June housing market report is showing that a robust housing market still exists in Colorado and Great Denver.  Across the state, there was nice improvement in buyer activity as COVID restrictions were reduced and buyers reentered the market.  Overall, pending home sales (homes under contract) saw significant gains as local brokers wrote an increasing number of new contracts.

Denver Metro Market Statistics

In June, the Denver Metro housing market numbers, from REcolorado, show signs of a seller's home market which is heating up, as several indicators showed year-over-increases. The total number of closed properties was 3% higher than last June and the number of Pending Listings was 28% than last year as

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The key to effectively managing a single-family rental property during any economic cycle hinges on an investor’s ability to maximize their property’s value.

As the current U.S. unemployment rate hovers above Great Depression-Era levels, many property owners are having rent delinquency, leasing and management issues.

So, what can an investor do during the current economic situation to protect their asset? What immediate steps can they take to curtail delinquencies, sign new tenants and avoid long-term vacancies? 

The first step is to ensure that the property generates steady monthly rental income in the most efficient manner, even when renters are losing their jobs. Oftentimes, ensuring that a rental produces steady returns, while minimizing

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