The Cascade Team Real Estate Blog

PHOENIX -- The once stormy real estate market is making a turnaround, particularly when it comes to new homes in the Valley. Builders are back to leveling lots. Framework is becoming a more common site. And construction workers are once again making noise. And, it's all because the real estate market is on its way up.

"It has come up and we are out of the bottom. Everyone is excited about it," R.L. Brown told 3 On Your Side when we asked him to assess new home construction in the Valley.

by Gary Harper Bio | Email | Follow: @GaryHarper3TV

Home prices are rising at levels not seen since the real estate boom, but American homeownership remains on the decline.  Currently the three areas serviced by The Cascade Team are in the top 13 metro markets in the US; Seattle, San Diego and Phoenix topping the list with a 12 month increase of 23%.

The two trends underscore the nature of the housing rebound: Gains in pricing have been driven significantly by investors; especially in the Phoenix housing market, leaving many would-be buyers behind.

Home prices are rising because of strong demand, a lack of supply and a sharp recovery in the hardest-hit markets. The number of foreclosed homes coming to market has also dropped dramatically. But because lending standards remain tight, the everyday home

For years, I’ve staged homes and designed rooms for friends and family. People tell me I have an "eye" for design

and a talent for making spaces beautiful. I consider it a privilege to earn a living doing what I enjoy. I work alongside homeowners to create

customized plans that show their homes in the best possible light, which helps facilitate

a quick sale. Contact Me at Tricia@TheCascadeTeam.com or 425-765-7779

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Here is a video done by Channel 3 with some information on the Phoenix housing market and the new "Boomerang Buyer".  The real estate market has shown some great improvement over the last 6 months and with home buyers now passing the two year window for repurchase, you are starting to see more Phoenix area home buyers entering the marketplace.  With increased demand for housing and a limited inventory, you are starting to see prices increase across the valley.  However you still have a number of new listings hitting the market that are priced too high, but as a home buyer the appraisal is still your protection from over paying in a hot market.  The downside is that some home sellers don't want to deal with appraisal issues and may look to work with buyers