Millennials, 18-35 years old, are dominating the home buying sphere as they are now the largest share of new home buyers. Their entrance into this sphere, however, has not been easy. Median earnings for Millennials are just 20% of their Baby Boomer parents. Student debt is at historical highs. And, with relatively little or no inventory of homes for sale and rising prices, some Millennials may only get to dream about home ownership rather than become home owners.
There are, however, Millennial buyers. The 2017 State of the Nation’s Housing Report by the Joint Center for Housing Studies at Harvard University indicates that 1.4M Millennials became recent home buyers in 2016. This is a slight surge from the numbers of Millennial buyers in 2015 but
Housing demand continues to increase as buyers of all ages tread the waters of home shopping, but real estate agents aren’t as busy writing offers and the key driver for this trend, according to a CNBC report, just might be prices.
Buyers continue to request tours and visit open houses at the same rate as they did in May, but fewer are making an offer. According to Redfin, real estate brokerage which surveyed 15 major metropolitan housing markets, 11 percent fewer potential buyers made offers in June, compared to May. According to Nela Richardson, chief economist at Redfin the same trend is occurring throughout much of the nation.
“In this market, home buyers have to move fast, yet high prices and low inventory are slowing down even the most earnest
A new survey found 71 percent of Washington adults think a housing bubble is coming. New York, Florida and California residents were the next most likely to fear a housing bubble.
The biggest concern we here from buyers, sellers and even many agents in this market right now is, “bubble.”
Home owners and long term residence still vividly remember the 2007 crash that lasted well into 2011. For buyers many see bidding wars on almost every property, and home owners nervously watch the prices ticking up and wonder; "How much longer can this go on?”
Now a new national survey finds that 71 percent of adults across Washington are worried about a housing bubble and think prices are overvalued and unsustainable. That’s the
When your seller receives multiple bids on their property, the highest offer shouldn’t always be their default choice. If it comes with an appraisal contingency—and the appraised value doesn’t match the sale price—your seller could be back at square one, looking for another buyer.
With King County home prices surging nearly $100,000 just this year to a record $599,000 in June—home prices in many markets are escalating so quickly that appraisals can’t keep up. That’s why real estate professionals may need to have more conversations with their sellers about appraisals.
“Any time prices move up fast, the actual appraisal process can lag behind because [appraisers] are looking back in history, not forward into the future” to determine appraised
KIRKLAND, Washington (Aug. 7, 2017) – New figures from Northwest Multiple Listing Service indicate home sales and prices, like July’s temperatures, sizzled. Prices area-wide rose slightly more than 9 percent from a year ago, but several counties near job centers saw larger price increases, including King County where the median price jumped 18.6 percent.
The latest report confirmed what most buyers and brokers know: inventory shortages persist even though MLS members added slightly more new listings last month than the same period a year ago.
“We should be entering the summer doldrums, but I don’t see that happening,” reported Diedre Haines, principal managing broker-South Snohomish County at Coldwell Banker Bain in Lynnwood. “Inventory remains
23 Violent crimes per 100k
749 Property crimes per 100k
The first city from the west coast on the list is Sammamish, Washington. This city on a plateau has a population of 52,365. It was named after Lake Sammamish; however, Beaver and Pine lake are the biggest lakes in the area. In fact, Beaver lake had a famous lifeguard teacher in the 1950s, Clint Eastwood. The city contains no major interstates within its limits but is a short commute to many big employers such as Costco and Microsoft.
Sammamish has secured the No. 5 spot in a new report over the safest cities in the U.S.
The Top 100 Safest Cities in America announced for 2017 report looked at crime rates in 764 cities.
Between their efficient organization and streamlined design, tiny houses have totally taken over on TV and social media in the past few years. The idea of scaling back on belongings (as well as mortgage payments) is certainly appealing. But how many people could—or would—be able to actually live in 400 square feet? Not many, according to a recent report by Trulia.
Forty-four percent of more than 2,000 adults recently surveyed by the real estate website Trulia said they had housing regrets—and the biggest regret among homeowners centered on the size of their home. One in three homeowners surveyed said they wished they had chosen a home that was larger.
The Cascade Team is now the first Brokerage where customers can receive direct text communication from the website! Currently all real estate related sites like Zillow, Trulia, RedFin, John L Scott, Windermere, Realtor, Etc. all require you to download their App to receive notifications…. That is No Longer the Case for The Cascade Team!
Without being intrusive or requiring people to download an app and communicate through the app function, people registering at www.TheCascadeTeam.com can now select their preferred method of communication: E-Mail, Phone or Text….. You will then be able to receive property updates, new listings, and communicate directly with an agent through your phone's text platform without ever needing to download an app!
See Related: Safety Benefit of Smart Homes for Owners and Agents
Here are some sobering stats from the FBI: A robbery occurs every 1.6 minutes in the U.S., a burglary every 18.2 seconds, and a larceny theft every 5.4 seconds.
SafeHome, a home security systems reviews resource, analyzed FBI Uniform Crime Reporting data from 2015 to determine the items thieves most commonly target.
The most stolen items were classified as miscellaneous valuables, jewelry, and precious metals, according to the report. In some states, certain thefts were more common than others. For example, in Florida, Texas, Massachusetts, and Colorado, thieves were more likely to target diamonds, gold, silver, and other jewelry. Meanwhile, clothing was the most stolen items in
Buying a home—especially if it’s your first—can be a lot like losing weight in the sense that people end up doing, well, some pretty dumb stuff in the process. But while desperate dieters might waste money on “magical” weight-loss pills or silly exercise equipment (remember the shake weight?), misguided home buyers could be doing far more serious damage—like undermining their ability to purchase a house at all. Don't be one of them! The Cascade Team is here to shed light on some of the dumbest reasons people can't buy a home. The good news? These flubs are easily avoidable. Read on and beware.
1: Waiting to line up financing
Your first step in the home-buying process should be to meet with a mortgage lender to discuss your financing options.