KIRKLAND, Washington (June 5, 2023) – Home buyers around Washington state found the largest selection of listings last month since December. Both pending sales and closed sales reached their highest volume in months. Brokers at Northwest Multiple Listing Service (NWMLS) welcomed the uptick in activity but say rising interest rates are crimping activity.

  •          Year Over-Year Prices have dropped by as much as 20% in areas where bidding wars dominated.
  •          Our market pricing peaked in April/May of 2022
  •          However, King County residential has had an increase of 16.5% YTD for 2023.
  •          The average rate on a 30-year fixed mortgage jumped to 6.79% from 6.39% the first week of May.
  •          Buyers remain selective with…

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Here are a few of the many great reasons why you should consider selling your house right now. There aren’t many homes on the market so your house will stand out, we’re seeing an increase in the average number of offers sellers are getting, and your equity can help fuel your move.

Do to limited inventory (about 1.5 months of supply overall), it is an “excellent market for sellers.” As summer approaches, we expect to see increased activity with inventory “being snapped up as it comes onto the market and savvy buyers taking advantage of softening interest rates.”

The supply of housing remains limited due to a persistent shortage of available homes as fewer homeowners are putting their homes on the market after locking in low home mortgage…

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KIRKLAND, Washington (May 4, 2023) – Market dynamics are influencing adjustments in housing prices, suggested an officer at Northwest Multiple Listing Service, but with “very constricted” inventory, he said homes that are well priced continue to receive multiple offers.

Commenting on the latest statistics from Northwest MLS, Frank Leach, vice chairperson of the MLS board of directors and the broker/owner at RE/MAX Platinum Services in Silverdale, said despite limited inventory (about 1.5 months of supply overall), it is an “excellent market.” As summer approaches, Leach expects to see increased activity with inventory “being snapped up as it comes onto the market and savvy buyers taking advantage of softening interest rates.”

The latest report…

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CHOOSE CARY AND KEENAN TO HELP YOU BUY YOUR NEXT HOME

At The Cascade Team we understand first and foremost that it isn't about "Us". It's all about "You"! We are dedicated to giving each of our clients the best experience imaginable. Simply Outrageous Service isn’t just a catch phrase for us. It’s how we do business!

From day one we’ll be with you every step of the way. We’ll keep you informed, we’ll be there through the tough negotiations, and we’ll help you make the right decisions for your family.

Our dedication to your successful dealings (buying or selling) are unwavering. We firmly believe in the WOW factor. And when you work with The Cascade Team that’s what we intend to deliver. Service and Quality that are so far beyond your expectations,…

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 Help us Brighten a Child's Life!

We will be live collecting Crayons for Children's Hospital of Seattle this weekend at the following locations:

Saturday, April 29, 2023

Klahanie QFC 10am-2pm
4570 Klahanie Dr SE
Issaquah, WA 98029 

Kirkland Urban QFC 12pm-2pm
425 Urban Plaza Suite 100
Kirkland, WA 98033

Snoqualmie Ridge Safeway 10:00am-2pm
34828 SE Douglas St
Snoqualmie, WA 98065

Sunday, April 30, 2023

Kirkland Urban QFC 12pm-2pm
425 Urban Plaza Suite 100
Kirkland, WA 98033

Cottage Lake Safeway 12pm-3pm
19150 NE Woodinville Duvall Rd
Woodinville, WA 98077

Last Project Crayon Drive, we collected over 210,000 crayons and we would love to beat that amount this year!

Various crayon drives will be held on weekends throughout the…

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The premise of a mortgage rate lockdown is simple: so many American households have such low mortgage rates that some will never move once rates rise, which then locks up housing inventory. Said another way; A homeowner planning to relocate or downsize might find the higher costs related to higher mortgage rates too much of a hurdle to clear.

This is something I’ve never considered in my real estate career because we hadn’t had a period where mortgage rates moved up so quickly and then held higher for an extended period. But now this is a real risk.

For many Americans, homeownership became a reality during the years of ultra-low mortgage rates following the 2008 financial crisis, an environment that essentially lasted all the way up until the…

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Although slightly, mortgage rates dropped further this week. The average rate on a 30-year fixed mortgage fell to 6.27% from 6.28% the previous week. With inflation moving closer to the Fed's 2% target, mortgage rates are expected to decrease further in the coming months, likely to be below 6% by year's end.

Meanwhile, these falling mortgage rates create opportunities for many buyers. A lower mortgage rate brings down the monthly payment for a home loan. If rates drop to 6%, 3.1 million more households will once again be able to afford to buy the median-priced home compared to the beginning of the year. And, 1 in 3 of these households are younger than 40. Last year, 1 in 5 mortgage purchase originations had a rate higher than 6%.

Some sellers…

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The average long-term U.S. mortgage rate fell for the fourth consecutive week and has dropped more than three-quarters of a point since hitting a 20-year high last month. This fourth week in a row of declines is leaving prospective buyers hopeful for sustained low rates throughout spring homebuying season.

Mortgage buyer Freddie Mac reported Thursday that the average on the benchmark 30-year rate dipped to 6.33% from 6.49% last week. A year ago, the average rate was 3.1%.

The average long-term rate sat at 7.08% in early November but has since had the steepest 4-week decline since 2008.

“Though week-to-week rate changes can move up and down, the longer-term prospect on rates is for further improvement, with a clear possibility of going under…

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  •          Inventory in the King, Snohomish and Pierce counties region grew over 14% from February.
  •          March had “good sales activity on well-priced homes.
  •          Pending sales jumped more than 14.5% from February,
  •          Prices overall were down about 7.5% from a year ago.
  •          All signs point toward a rather unusual market through the end of 2023.
  •         Lowering prices, lowering interest rates, and longer days on the market signal some of the unpredictability of the current market.

KIRKLAND, Washington (April 6, 2023) – Real estate brokers around Washington state say the market is moving in a positive direction with the spring market “finally showing up in March.”

Newly-released statistics from Northwest…

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With the current state of the real estate market a little “unsettled” at the moment I have decided to branch out a little bit and join “Only Fans” to help augment my income.

I read on OnlyFans that upwards of 500 content creators have been paid more than $1 million on the site. So being in the entrepreneurial spirit, I said; “Why Not?”

Besides… I actually like fans…

Here are a few of my favorite jokes about fans…

1. Wind turbines are big fans of renewable energy.

2. We recently moved to a third-floor apartment with some ceiling fans. Now, I can certainly say that I have fans in high places.

3. My friend once loved all kinds of farm machinery. And now he's great at sucking all air out of any room. I guess he's now an ex-tractor…

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