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Market Recap

The new year kicks off with some hopeful signs for buyers within the real estate market. Interest rates proceeded to drop through the month of December to a current rate of 6.61% from the November level of 7.1%, with the Fed signaling additional cuts on the horizon. Yet inventory remains stagnant in accordance with typical seasonal patterns, and low inventory persisted to pressure home prices in the region, which were up about 5% year-over-year. According to Selma Hepp, chief economist for CoreLogic, “strong home price gains over the course of the year indicate that home prices in most Washington state markets have fully recovered from 2022 losses and are reaching new highs once again.”

CoreLogic’s Home Price Index forecasts another…

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The Federal Reserve played Santa for Christmas this year and delivered the best gift for homebuyers nationwide, leading to lower mortgage rates. The 10-year yield and mortgage rates fell together after the Fed meetings, which gave us mortgage rates under 7% last week.

  •          Mortgage Rates hit 6.95%
  •          Median List Price up 1.5%
  •          Time on Market drops 4 Days.
  •          New Listings UP 6.8%

Homebuyers have a lot to be joyful for right now with mortgage rates have dipping below 7% for the first time since August.

For the week ending Dec. 14, rates for a 30-year fixed-rate home loan averaged 6.95%, according to Freddie Mac.

And odds are, mortgage rates will continue their long-awaited downward trend, providing some…

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Will 2024 will be the year the housing market finally becomes unstuck. The answer is sort of…

At long last we finally are set to say goodbye to 2023. This was a year where interest rates went from 6% to briefly topping 8% back in October. Adding to that, many builders worried about the economy scaled back the number of new homes being built. Additionally, millions of homeowners who locked in historic rates near 3% during the pandemic felt little compulsion to sell their homes and consider buying new homes at higher interest rates.

And all of this left buyers with few choices and the homes available continued to climb in price along with interest rates due to the lack of available inventory.

Looking back in a few years I honestly believe we…

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Homebuyers who brave the cold to get out there and shop for homes right are finding something strange, really good news!

First up, increasing inventory.

A new report has found that 7.5% more home sellers listed their homes in November than this same month last year. It’s actually “the first-time inventory has increased this late in the fall season since our records commenced in 2016. This turnaround is a big deal, “ending a four-month streak of annual inventory declines,”. Plus, seasonal housing stock in November increased by 2.4% above October levels, which is another first.

November saw the first annual growth in newly listed homes in 17 months. If you look at total inventory—of both new listings and old—that’s improved, too, with the…

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With everything going on from Holiday parties to shopping and visits from the in-laws we know that it’s easy to turn away from listing and selling your home during the holidays. Plus, almost everyone says the market slows down in the Winter and you should just wait until Spring, right? WRONG!

While it’s true the market is usually slower around the holidays, the current market trends of constrained inventory and desperate buyers have in fact made the Holidays an excellent time to put your house up for sale. With fewer sellers listing during the Holiday period, buyers are left sitting around with pre-approval letters in-hand just starving for inventory!

Here are 5 TIPS FOR SELLING YOUR HOME AROUND THANKSGIVING

1. Make Curb Appeal a Top…

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Just Sold

Fun fact Wednesday- "Who you choose to work with matters"! We were under contract on this listing and the buyer's lender said it was impossible to close on the home and this would also put the buyers in jeopardy of losing their earnest money. cI called my preferred lender who I have worked with forever, who is solution focused and he encouraged me have the buyers (who were not my clients) call him. In the end, he was able to get US to the finish line and it only took 7 days to close!!! If you want to talk about market conditions and working with the best of the best, give me a call 714-655-0595. I would love to share all of my favorite people over coffee, including- contractors & lender info.

Warmly, 

Hailey Miller


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Home buyers and sellers face the prospect of major changes to how much and in what way they pay their real-estate agents, following Tuesday’s historic verdict against the National Association of Realtors and large residential brokerages.

Those changes could range from minor tweaks to the commission system to a more radical restructuring of the residential real-estate industry, such as more people buying homes without using agents or buyers paying their agents by the hour.

By way of a quick summary, a federal jury found NAR and large brokerages conspired to keep costs artificially high and awarded $1.8 billion in damages, which could be tripled to more than $5 billion under antitrust rules.

The Cascade Team provides buyers and sellers with…

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Overcome Your Fears About Today’s Housing Market.

You don’t need to be scared when buying or selling a home. Even though there are fears that can make things seem a little “Scary”, The Cascade Team is here to help clear away the cobwebs!

The truth is the only thing scarier than paying too high of a commission to sell your home… Is realizing that you don’t have too while getting even MORE service and support than most brokerages offer at a higher fee!

The Cascade Team Agents are Full Service. We are a real estate company like no other, because of the tools, service, and savings we provide our clients with. We understand that in today’s fast paced environment, we need to provide a high level of service, utilize technology to keep our clients…

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Homeowners Reveal the Frightening Facts About Haunted Houses:

Written by Jaime Dunaway-Seale

ARE HAUNTED HOUSES CHEAPER?

Nearly 2 in 3 home buyers (63%) would only offer below market value for a haunted home, with 1 in 3 (31%) offering at least $50,000 less and 1 in 9 (11%) offering at least $100,000 less.

UFOs sightings. Alien invasions. The zombie apocalypse. Paranormal beings are top of mind for many Americans in 2023.

With these topics dominating the cultural conversation — and the highest levels of government — belief in the supernatural is growing. Three-fourths of Americans (75%) think otherworldly beings exist — a 9% increase from 2022, when 69% said the same.

As Americans increasingly consume paranormal media on their…

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  •          High mortgage rates make it difficult for prospective homebuyers to enter the market.
  •          Mortgage rates could decline if the Federal Reserve cuts interest rates next year.
  •          Here are nine projections from experts on when the Fed's first-rate cut will come.

High mortgage rates have effectively frozen the US housing market. And while lower rates could be on the horizon, Americans might have to wait awhile.

The average rate for a 30-year fixed-rate mortgage is over 7.4%, up from roughly 3% at the beginning of 2022. This has deterred prospective first-time homebuyers from taking the plunge and made existing homeowners reluctant to sell their homes and buy another — they'd rather stick with the super low rates they…

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