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Daily Real Estate News |     Friday, September 28, 2012  

Mortgage rates were back to breaking records for the second consecutive week. All mortgage products, except for the 5-year adjustable-rate mortgage, averaged a new record low, Freddie Mac reports in its weekly mortgage market survey.

For those who can qualify, the low rates are helping to keep home buyer affordability high and refinancing strong, Freddie Mac reports. 

"Fixed mortgage rates continued to decline this week, largely due to the Federal Reserve's purchases of mortgage securities, and should support an already improving housing market,” says Frank Nothaft, Freddie Mac’s chief economist.

The Fed recently announced it would purchase $40 billion in mortgage-backed…

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We summarize three key housing market indicators: construction starts (Census), existing-home sales (NAR) and the delinquency-plus-foreclosure rate (LPS First Look). For each indicator, we compare this month’s data to (1) how bad the numbers got at their worst and (2) their pre-bubble “normal” levels.

In August 2012, construction starts held their new high plateau, while home sales rose and the delinquency + foreclosure rate fell:

  • Construction starts held roughly steady. Starts in August were at a 750,000 annualized rate, up 2.3% month over month and up 29.1% year over year. Construction activity in August was at its second-highest level since October 2008. Nationally, construction starts are 27% of the way back to normal.
  • Existing home sales…

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Here is the current Market Snapshot for Sammamish, WA 98075.

Over the last 90 Days the Average Days on Market to sell a home have been 100 Days. Selling price compared to Asking price has been -2%. The average home has sold for $650,000 and inventory over this time has dropped by 50%.

If you would like to create a Free Market Snapshot for your zip code simply click the link below. You can also choose to see an even closer view and put in your home address as a Seller and see the trends within 2 miles of your home.

The "School Info" tab at the top of the page also allows your to see and compare local schools side by side. You can even compare Public and Private schools and see information such as: Student Teacher Ratio, Test Scores, and more.

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September 26, 2012

Last week in review (September 17 - 24, 2012)

Last week, we saw a lot of action in the volatile financial markets duein large part to the Fed’s announcement of another round of bond buying (known as Quantitative Easing or QE3). Here's what you need to know and what happened to home loan rates.


Table source: Mortgage Success Source

Quantitative Easing is the concept of the Fed becoming a buyer of treasuries and bonds aimed at stimulating the economy. The Fed announced QE3 because our economy is still struggling (especially our housing and labor markets) and inflation has appeared tame.

Evidence that our economy is still struggling was especially noticeable in the manufacturing sector last week. The New York State…

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We are very happy to welcome Erin Keeley to The Cascade Team! Erin will be focusing on the Maple Valley area. Her energy and enthusiasm are sure to bring quick success!

Cell Phone: 425-445-6117

Fax: 425-996-9520

Emai: erin@thecascadeteam.com

I am proud to be able to bring The Cascade Team's successful progressive approach and “Simply Outrageous Service” to my Maple Valley neighbors and clients.  Earning lifelong relationships with my clients by surpassing all of their expectations and providing superior, customized service is my passion.  My objective is to be your trusted friend in real estate, delivering the results you deserve.  With over 12 years of success in marketing, service, and sales, I am able to bring fresh insight to my clients.

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Property Website

Priced at $499,000

Bedrooms: 4 Bathrooms: 3
Home Size: 2,746 sq.ft. Garage: 2
Lot Size: 7,500 sq.ft. County: San Diego
Property Type: Single Family Home Year Built: 1994
MLS Number: 120048152

4 br, 3 bath. Features an open floor plan, dual master bedrooms, and a large enclosed private and secure backyard. Recently installed 6 foot privacy fence and second story deck invite outdoor living. There's RV parking& access, room for a boat and trailer. Home is minutes from freeway and close to local schools. Inside/outside freshly painted and hardwood laminate flooring throughout. Storage and recent upgrades that included central air. Home remodeled in 1994.

Sharon Machon Realtor

Office: 858.429.5751
Mobile:

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We are very excited to welcome Tony Russell to The Cascade Team! Tony comes from a long background in Real Estate. His Father owns a Brokerage in West Virginia and Tony grew up working in the Brokerage alongside his Dad and Mother. 

Tony, along with his vast other talents is also an ordained minister and did the honor of marrying Janet and I last April!

Welcome Tony Russell!

Cell Phone: 425-999-6127

Fax: 425-996-9520

I am excited to partner with my wife Amy to offer you simply outrageous service with The Cascade Team!  Amy and I have three children and therefore we know how difficult it is to make it to all the soccer games, school activities, meetings, and still maintain a level of sanity.  And if you add trying to buy or sell your own…

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At The Cascade Team, NOT charging a desk fee is just the beginning of what we provide to our agents.  Our innovative tools in conjunction with our marketing, training and mentoring support are what differentiate us from all other brokerages.  We are invested in your success!

Together, success just like the agents highlighted below, is within your reach.

 

Here is your chance to be part of an innovative Real Estate Brokerage thats changing how things are done.

We are a FULL Service company with a comprehensive marketing plan, great training and support, and great agents! We save our clients thousands on the sale of their home, give them the support and service level they want, and in the process are building a name for ourselves that is second…

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We are very happy to welcome Misti Barrientos to The Cascade Team. Many of us have done business with Misti as she sat site for Murray Franklin at Snoqualmie Ridge. Misti has always been a top notch and very trustworthy person to do business with and we are very excited to bring someone of her caliber to The Cascade Team!

Misti's contact information is:

misti@thecascadeteam.com

206-954-1388

My goal is to provide my clients with the expertise they expect, the guidance they trust, and the uncompromised service they deserve while establishing a long term business relationship.

Over 15 years of experience in customer service, property management and sales, my career includes leasing and selling multi-family and single family homes.  While leasing…

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Property Website

Priced at $1,850

Bedrooms: 4 Bathrooms: 2.5
Home Size: 2,510 sq.ft. Garage: 2
Lot Size: 4,200 sq.ft. County: King
Property Type: Rental Year Built: 2003

Must see this like new, beautifully maintained, one owner 4 bdrm, 2.5 bath home featuring a formal dining living room with plenty of windows. The oversized family room with gas fireplace is open to the light filled eat in kitchen with hardwood floors and gas range. Upstairs find 4 bdrms plus loft including a large master suite with walk-in closet & private master bath. Utility room is also upstairs. Two car garage & fully fenced yard on a quiet cul-de-sac. Please call helpful listing agent with questions.

Leanna Young

Real Estate Broker

Office:425.313.4752…

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