Learn about local real estate and housing market trends from The Cascade Team Real Estate.

Check out Carrie's Cascade Team Profile!

OUR LOCAL REAL ESTATE TEAM

Cascade Team Real Estate agents are proactive in serving their customers, studying the market and touring homes, so they can provide the most accurate housing market data for their clients. This helps you better understand the competitive environment, pricing strategies and provides an edge in the negotiation process.  Our goal is to always meet and exceed your expectations.  We look forward to the opportunity of working with you on your next real estate transaction.

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Check out Spencer's Cascade Team Profile!

OUR LOCAL REAL ESTATE TEAM

Cascade Team Real Estate agents are proactive in serving their customers, studying the market and touring homes, so they can provide the most accurate housing market data for their clients. This helps you better understand the competitive environment, pricing strategies and provides an edge in the negotiation process.  Our goal is to always meet and exceed your expectations.  We look forward to the opportunity of working with you on your next real estate transaction.

Download The Cascade Team Mobile App for Free!

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Seattle area prices rising during pandemic

The Seattle Times was out with an article with the latest on the Seattle market and how pricing is still rising during the pandemic. I found this was particularly interesting:

Homes in the King, Pierce and Snohomish tri-county area saw average year-over-year price increases of 6.8% in May, according to the new release of the S&P CoreLogic Case-Shiller Home Price Index — the sixth consecutive month Seattle-area price growth has topped national averages.

This is not surprising. We are seeing good homes in popular locations selling fast, often with multiple offers. Inventory of homes for buyers to choose from is still tight. Buyers who are ready to make a move and want to learn how to beat the…

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Issaquah-Fall City Road Bridge Construction:

Crews are widening the road from two lanes to four lanes and are improving the intersections from signalized intersections to roundabouts,” Sammamish Senior Project engineer Sam Park said. “There are going to be three roundabouts, and we’re removing a sag in the roadway by building a bridge.”

It is that bridge work that is going to cause the closure of this route that connects the Sammamish Plateau to Highway 202 and I-90. The bridge is 400 feet long. Park said the plan is to close Issaquah-Fall City Road at the end of the month, though the closure date is still in flux. This closure will last eight months.

“Everyone is going to have to find their way around it,” Park said. “We’re going to have to…

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The health crisis slowed the market this spring, so buyers are jumping back into the market to make their moves this summer.

Despite the economic downturn and disruptions stemming from the coronavirus pandemic, Northwest MLS member-brokers reported impressive improvement from April to May on some key indicators. The volume of new listings, including single family homes and condominiums, rose 29.2% and pending sales jumped more than 44% systemwide. “The pent-up demand from homebuyers returning to the market continues to support a recovery from the weekly declines observed earlier this spring,” said Joel Kan, an MBA economist.

  • Mortgage applications to purchase a home rose 5% for the week and were a stunning 18% higher than a year ago, according…

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Despite the economic downturn and disruptions stemming from the coronavirus pandemic, Northwest MLS member-brokers reported impressive improvement from April to May on some key indicators. The volume of new listings, including single family homes and condominiums, rose 29.2% and pending sales jumped more than 44% systemwide. “The pent-up demand from homebuyers returning to the market continues to support a recovery from the weekly declines observed earlier this spring,” said Joel Kan, an MBA economist.

  • Mortgage applications to purchase a home rose 5% for the week and were a stunning 18% higher than a year ago, according to the Mortgage Bankers Association.
  • As the coronavirus outbreak was surging six weeks ago, applications by homebuyers were…

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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 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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