·         Expert insights are painting a bright future for housing when the economy bounces back – and it will.

·         We may be facing challenging economic times today, but the housing market is poised to help the economy recover, not drag it down.

·         Connect with me, to make sure you’re informed and ready when it’s time to make your move.

With the Western Washington housing market adjusting to new ways of operating residential real estate activity around Western Washington reflected expected declines during April with the impact of the coronavirus pandemic taking its toll. However, while a new report from Northwest Multiple Listing Service shows year-over-year (YOY) drops system-wide in new listings, pending sales and…

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·         Expert insights are painting a bright future for housing when the economy bounces back – and it will.

·         We may be facing challenging economic times today, but the housing market is poised to help the economy recover, not drag it down.

·         Connect with your trusted real estate broker from The Cascade Team today, to make sure you’re informed and ready when it’s time to make your move.

With the Western Washington housing market adjusting to new ways of operating residential real estate activity around Western Washington reflected expected declines during April with the impact of the coronavirus pandemic taking its toll. However, while a new report from Northwest Multiple Listing Service shows year-over-year (YOY) drops…

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It’s no secret that the real estate market has a long road of recovery ahead. As the day-to-day work of showing properties and building homes has slowed to a crawl, agents and others in the industry have started to look to the future and make predictions about the lingering effects the COVID-19 pandemic will have on the industry.

The current evidence supports more of checkmark-shaped recovery rather than a V- or U-shape — beginning with an immediate drop that lasts 3-4 weeks, followed by a gradual recovery.

Past analysis has shown that the COVID-19 pandemic and associated lockdowns will cause a significant dip in real estate activity. The latest U.S market data shines a light on what the dip and recovery will look like — a checkmark shape, with…

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Among Single-Family listings there has been a 7 % decline in listings under contract between April 1 and May 1. This is the opposite of last year when we saw a 7 % increase. Obviously the difference between this year and last was primarily caused by the COVID-19 Pandemic. However, we can see it did not affect all price ranges equally. The price range under $225K was little affected, being constrained by the lack of supply. The lower mid-range from $225K to $350K did relatively well with almost no decline in 2020. Above $350K things got a lot worse. The upper mid-range from $350K to $600K was booming last year with listings under contract gaining a massive 14% during April. This year it dropped 10%. The top end over $600K took a bigger hit, with a drop of…

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