'Every Day Is Black Friday' In Housing As Prices Tank, Case-Shiller Shows

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…

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Vacant Land w/ Outbuildings in Everett

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".

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Welcome to The Cascade Team Julia Koh

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…

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GOOD NEWS! Seattle Leads Nation in declining Housing Inventory!

www.TheCascadeTeam.com



Daily Real Estate News | Monday, November 28, 2011

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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Black Friday Real Estate Sale - By The Cascade Team Real Estate

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Happy Thanksgiving from The Cascade Team

We hope you enjoy the Holiday!

 Click HERE to see our Thanksgiving "JIB-JAB" video!

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Freddie Issues Rule Changes on Short Sales

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…

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Snoqualmie Ridge Short Sale

Property Website

Priced at $378,868

Bedrooms:  3 Bathrooms:  2.5
Home Size:  2,424 sq.ft. Garage:  2
Lot Size:  5,333 sq.ft. Community:  Snoqualmie Ridge
County:  King Property Type:  Single Family Detached
Year Built:  2003 MLS Number:  291815

Property Description

Beautiful DR Horton Home in Crest View Neighborhood! Elegant entry with curved staircase welcomes you to this spacious 3 bedroom plus main floor den/office home. Formal Living Room Dining Room are set off with vaulted ceilings & white pillars. Eat in kitchen with granite, Stainless Steel & island is open to the Family Room for enjoying the floor to ceiling fireplace. Master suite includes tiled 5-piece bath & walk-in closet. Over Sized Garage. Private yard & secluded neighborhood with…

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Seattle Area Homes Sales More Trick than Treat for October

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KIRKLAND, Wash. (Nov. 3, 2011)

King County Home Prices drop 17.9% from October 2010!

King County reported one of the sharpest year-over-year declines. The median price on last month‟s completed transactions in the county was $287,500, which compares to a year-ago figure of $350,000 (down about 17.9 percent). For single family homes (excluding condominiums), median prices slipped 14.7 percent, dropping from $375,000 a year ago to last month‟s figure of $320,000.

– Befitting October and Halloween, last month‟s housing activity had both tricks and treats. Northwest Multiple Listing Service members reported solid gains in pending sales (up almost 21 percent from a year ago), consistent demand in many price ranges, a shortage…

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Excellent Home for Sale Snoqualmie Ridge

Property Website

 Priced at $298,000

Bedrooms:  3 Bathrooms:  2.5
Home Size:  1,960 sq.ft. Garage:  2
Lot Size:  4,400 sq.ft. Community:  Snoqualmie Ridge
County:  King Property Type:  Single Family Detached
Year Built:  2007 MLS Number:  291670

Property Description

Immaculate, bright and open floor plan, nearly 2000 sq ft for under $300k! Excellent value for this upgraded home with desirable eastern exposure and 2 car attached garage. Rounded corners, granite tiled gas fireplace in family room with beautiful mantle lovely millwork. Chef's Kitchen with upgraded pull out cabinets, ample counter space, eating bar and slider to back yard patio. HUGE bonus room on upper level as well as 3 bedrooms including Master with 5 piece bathroom. Free 1 year…

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