By Diana Olick |

For six straight months, home prices have been leaping in double digits from a year ago. In May, the median existing home sale price was 15.4 percent higher nationally than May of 2012, according to a new report from the National Association of Realtors.

The Realtors themselves say that kind of jump is "unsustainable."

"Some of the increases can be explained by the fact that it is recovering from an over-corrected situation," said Lawrence Yun, chief economist for the Realtors. "But with people's income rising at only 1 or 2 percent and prices rising in double digits, it cannot continue."

Part of the steep rise in the median home price can be attributed to a change in the mix of homes that are selling. Sales of homes…

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Daily Real Estate News | Friday, June 28, 2013  

The 30-year fixed-rate mortgage took a large jump this week, rising from 3.93 percent last week to 4.46 percent this week -- its largest weekly rise since 1987, Freddie Mac reports in its weekly mortgage market survey. 

Fixed-rate mortgages soared with bond yields amid the Fed’s recent remarks on June 19 that it might soon reduce its bond purchase program, which has helped to keep mortgage rates at historical lows. The Fed plans to moderate its purchases of bonds later this year and end purchases altogether by the middle of 2014. 

"Higher mortgage rates may dampen some housing market activity but the effect will be muted by the high level of buyer…

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Daily Real Estate News | Friday, June 28, 2013  

Police say a security camera has captured footage of two Philadelphia real estate agents allegedly throwing dead mice and snakes and cutting tree branches on a neighbor’s property who had a home for sale next to theirs. The police also allege that the agents were caught on video knocking over "For Sale” signs on the $1 million next door listing. 

The agents, a couple who work in luxury real estate together, also had their own home listed for sale for $1 million and were competing against the neighboring home. 

Police have cited the agents for disorderly conduct and harassment. 

A house sitter had filed a complaint with police saying that someone had been…

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$ 439,000 - 15216 474th Ave SE , North Bend

  Bedrooms : 3
  Bathrooms : 2.5
  Sq. Footage : 1,690
  Year Built : 1991
  Garage Spaces : 2
  Type : Residential
  MLS® Number : 509132
  Tonya Eliason
Real Estate Broker
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Please call Tonya Eliason at 425-831-5721 to schedule a showing. Exquisite…

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$ 229,950 - 28621 15th Avenue S , Federal Way

  Bedrooms : 3
  Bathrooms : 1.75
  Sq. Footage : 1,200
  Year Built : 1966
  Garage Spaces : 2
  Type : Residential
  MLS® Number : 508435
  Fredrick Lekanoff
Real Estate Broker
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Turn the key and move into this fully remodeled immaculate home…

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Contact Janet Jolly-Porter: 425-830-6743 to set up your appointment to learn more.

At the Cascade Team there are NO DESK FEES & we provide the following to our agents at no additional cost:

  • A personalized web site branded to YOU for every listed property
  • Backend lead management system
  • FREE leading edge CD flyers for every listing
  • Mobile MLS App (No Carrier Restrictions) to drive more buyer traffic
  • Text code with call capture for every listing
  • Virtual tours for all listings
  • QR Bar Codes: Instantly connect prospects to more property info
  • DocuSign electronic signature & E-Fax (no need to print your contracts)
  • Facebook applications to expand listing exposure
  • YouTube virtual tour auto submission
  • Personal…

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We are very happy to welcome Lily Lee to The Cascade Team Real Estate. Lily will be working in our Bellevue office managed by Stan Chang. Lily has strong ties to Bellevue and also in the international community. She will be a great asset to The Cascade Team as we continue to grow!

Welcome Lily!

  • Office Phone 425-313-4752
    • Cell Phone 425 505 1132
    • Fax 425-996-9520
    • Email

Lily has been a resident of Bellevue for more than a decade and absolutely loves living there. The vibrancy and diversity of real property market has led her to change career path and pursue her dream of working in real estate. She comes to real estate with fire in the belly, strong work ethic, and passion for people.

Her international…

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Daily Real Estate News | Wednesday, June 26, 2013  

Not everyone is moving to the city. Suburbs remain popular among home buyers. 

Washington State comes up big in a recently released list of the top booming American suburbs. Evaluated were some 1,500 suburbs to find the ones that offered the most employment growth, community safety, proximity to good schools, best commute times, and nearby access to stores. Washington State had four of the top ten growing suburbs, including three of the top 5!

The following suburbs made its list: 

1. Cottage Lake, Wash.
2. Prairieville, La. 
3. Fruit Cove, Fla. 
4. Sammamish, Wash.
5. Mercer Island, Wash.
6. Riverton, Utah
7. Brentwood, Tenn.
8. Lehi, Utah
9. Cooper City,…

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$ 679,900 - 17920 NE 154th Street , Woodinville

  Bedrooms : 3
  Bathrooms : 2.5
  Sq. Footage : 2,470
  Year Built : 1988
  Garage Spaces : 3
  Type : Residential
  MLS® Number : 507769
  Shannon Woodcock
Real Estate Broker
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Eastbrook Turn-key JEWELBOX! Sited in a quiet setting adjacent to…

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$ 770,000 - 2051 264th Pl SE , Sammamish

  Bedrooms : 5
  Bathrooms : 4
  Sq. Footage : 3,790
  Year Built : 1999
  Garage Spaces : 3
  Type : Residential
  MLS® Number : 507494
  Shane and Anne Coulter
Real Estate Brokers
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Please contact Shane and Anne Coulter at 206-915-7653 to schedule a…

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