The Cascade Team Blog - April, 2013

Are Home Prices Rising Too Fast?

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Some housing analysts are concerned that the sudden rise in home prices could make homes more unaffordable again if the price increases outpace income growth, The Wall Street Journal reports. 

Average housing costs for home buyers who took out a mortgage were around 22.5 percent of average incomes, according to John Burns Real Estate Consulting. That is down from 38.5 percent in 2006, the peak of the housing bubble. The historical average is about 33 percent. 

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Mortgage Rates Sink Lower Again This Week

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For the second consecutive week, fixed-rate mortgages edged down, providing ongoing support for the housing recovery, Freddie Mac reports in its weekly mortgage market survey. The 30-year fixed-rate mortgage averaged 3.43 percent this week, which is near its 65-year record low. 

Here’s a closer look at rates for the week ending April 11: 

• 30-year fixed-rate mortgages: averaged 3.43 percent, with an average 0.8 point, dropping from last week’s 3.54 percent average. A year ago at this time, 30-year rates averaged 3.88 percent.  
• 15-year fixed-rate mortgages: averaged 2.65 percent, with an average 0.7 point, falling from last week’s 2.74…

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How to Submit a Winning Offer on Your Dream Home!

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Have you found the house of your dreams yet? If you've found a property you love, you now need to decide how much you're willing to offer. You want to be conservative enough that you get a good deal, but you don't want to bid so low that you risk losing the house. The following are some questions that need to be answered prior to making an offer:

• How long has the house been on the market? The longer it's been on the market, the more flexible the sellers are likely to be.
• How much are people paying for similar properties in the area?
• How much can you afford?
• Are you pre-approved for a loan? If so, you will be very attractive to sellers, and you'll have more room to negotiate.
• How badly do you want this sale to go…

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Coveted Dorchester Ridge Neighborhood Resale in Newcastle, WA

$ 450,000 - 8019 119th Ave SE , Newcastle     Bedrooms : 4     Bathrooms : 2.5     Sq. Footage : 2,160     Year Built : 1996     Garage Spaces : 2     Type : Residential     MLS® Number : 471892       OFFERED BY: PROPERTY DESCRIPTION:   Matt Jensen Branch Manager - Issaquah Highlands Office 206.909.8200 Schedule a Showing Request More Info Coveted Dorchester Ridge neighborhood resale on quiet…

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Private Sanctuary on Just Shy 1-Acre in Sammamish

$ 525,000 - 1308 251st Avenue SE , Sammamish     Bedrooms : 3     Bathrooms : 2     Sq. Footage : 2,170     Year Built : 1979     Garage Spaces : 2     Type : Residential     MLS® Number : 472021       OFFERED BY: PROPERTY DESCRIPTION:   Victor Lozada Broker 425-443-6131 Schedule a Showing Request More Info Your own private sanctuary at the end of the road on .96 acres in Sammamish. This 1-level…

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Sammamish - Desirable 5 Bedroom Van Gogh Model

$ 635,000 - 23990 SE 10th Street , Sammamish     Bedrooms : 5     Bathrooms : 3     Sq. Footage : 2,970     Year Built : 1999     Garage Spaces : 3     Type : Residential     MLS® Number : 471723       OFFERED BY: PROPERTY DESCRIPTION:   Marisa Ormando Real Estate Broker 425.445.9616 Schedule a Showing Request More Info Desirable Van Gogh model with vaulted entry. This home features 5 bedrooms…

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Real Estate Agent Ranked 'Happiest' Job

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Having a job as a real estate agent “will bring a smile to your face,” according to CareerBliss.com. The site recently ranked the happiest jobs of 2013.

"Real estate agents have definitely weathered quite a financial storm over the past few years," says Heidi Golledge, CEO and co-founder of CareerBliss. "But right now, rates are between 2 percent to 3 percent and inventory is low, making it a real estate agent's…

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Renaissance Ridge Beauty in Sammamish

$ 500,000 - 1221 243rd Place SE , Sammamish     Bedrooms : 3     Bathrooms : 2.5     Sq. Footage : 1,910     Year Built : 2000     Garage Spaces : 3     Type : Residential     MLS® Number : 471460       OFFERED BY: PROPERTY DESCRIPTION:   Marisa Ormando Real Estate Broker 425.445.9616 Schedule a Showing Request More Info Beautifully maintained home in sought after Renaissance Ridge has a long…

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Location! Location! Location! Lightly Lived in Condo in Shoreline, WA

$ 219,900 - 17920 23rd Ct NE #202 , Shoreline     Bedrooms : 2     Bathrooms : 1.75     Sq. Footage : 1,255     Year Built : 1976     Garage Spaces : 2     Type : Townhouse / Condo     MLS® Number : 471250       OFFERED BY: PROPERTY DESCRIPTION:   Shane and Anne Coulter Real Estate Brokers 206.915.SOLD Schedule a Showing Request More Info Location! Location! Location! Lightly lived in condo-…

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Attention Investors! Great 1 bed/1bath Condo in Seattle w/ Built in Rental Income

$ 199,000 - 900 Summit Ave E #302 , Seattle     Bedrooms : 1     Bathrooms : 1     Sq. Footage : 531     Year Built : 2003     Garage Spaces : 1     Type : Townhouse / Condo     MLS® Number : 470952       OFFERED BY: PROPERTY DESCRIPTION:   Jared Tadique Real Estate Broker 206-948-4320 Schedule a Showing Request More Info Attention Investors! Built in rental income in this great 1 bed/1bath…

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