Found 11 blog entries tagged as Selling.

What began as an extension of 2021’s high-flying real estate frenzy soon enough tumbled and fell to a near standstill by the Federal Reserve’s hiking of interest rates, rendering borrowing costs too pricy for most would-be homebuyers, who, no matter how hard they tried, couldn’t bend the numbers to their will. 

As rates rose, existing-home sales fell, builders pumped the brakes, price growth decelerated, and property sat on the sidelines far longer than forecasted. Real estate companies, meanwhile, braced for lean times after riding high through most of 2020 and 2021, with thousands of workers laid off and quarterly earnings reports showing losses — in some cases, to an unprecedented degree. 

To better measure an immeasurable 2022, we searched high…

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Mortgage rates continued their plunge from a peak of 7.08% in November, marking their biggest three-week drop in 14 years.

“Mortgage rates continued to drop this week as optimism grows around the prospect that the Federal Reserve will slow its pace of rate hikes,” says Freddie Mac chief economist Sam Khater.

Mortgage rates this week

30-year fixed-rate mortgages

The average 30-year fixed-rate mortgage dropped to 6.49%, down from 6.58% the week prior, Freddie Mac reported Thursday. A year ago, the 30-year rate averaged 3.11%.

Mortgage rates began to slide below 7% after the most recent inflation data was released in mid-November. The consumer price index was at 7.7%, coming in below economist's expectations.

“Data shows that mortgage…

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It’s the witching month once again, and as Halloween approaches, now’s the time to tell tales of ghosts, goblins, and ghouls. But some scary stories aren’t fake — and real estate professionals have some of the creepiest real-life anecdotes.

Anything can happen when you’re out in the field, and we’ve heard horrifying tales of vacant properties where “someone’s home,” ghostly figures in listing photos, and ghastly encounters during home tours.

  • I had a first-time home buyer with a limited budget, and we found a small Cape Cod that was completely redone from top to bottom and being offered at an incredible price. This home showed like brand-new: new drywall, doors, windows, roof, carpeting, kitchen, and baths. My clients were so excited as they…

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Over the past few year’s buyers within the Washington housing market have been taking hit after hit. Back in 2020 through 2021 buyers were faced with the lowest inventory of homes Washington has ever seen. This was then coupled with an excess of other buyers all trying to lock in a sub 3% rate. These factors led to bidding wars of hundreds of thousands over asking price and buyers having to submit offers on close to ten homes before acceptance.

Then another punch in the nose befell home buyers. Just as inventory began creeping up so did interest rates. “Experts are forecasting that the 30-year, fixed-mortgage rate will vary from 5% to 7% by the end of 2022. Here are their more detailed predictions, as of late May 2022:” (Forbes). Some say…

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Home buyers are finding some relief, but Northwest MLS brokers say it is temporary.

  •          New listings slightly outgain homes going under contract.
  •          Highest level of Inventory since October of 2020
  •          There is some ‘normalization’ in our market as it relates to the historical summer slowdown.”
  •          This is due to a typical mid-summer season market combined with some buyer fatigue
  •          14 of the 26 counties in the Northwest MLS report showed year-over-year (YOY) gains in new listings
  •          Buyers act NOW. Sellers don’t panic.
  •          With a lack of new construction coming on the market in suburban areas after years of under building, increasing demand still has few places to go.
  •          Interest…

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Check out Liza'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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Check out Roger'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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Your credit report and score are integral to securing the best terms for a mortgage.

Here are some tips from the president of credit bureau TransUnion.

 

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By  SARAH SKIDMORE SELL The Associated Press

 

It may be winter now, but the spring house-hunting season is just ahead. John Danaher, president of consumer interactive at credit bureau TransUnion, says that makes this the perfect time for home-seekers who want the best terms and rates on a mortgage to take control of their credit.

TransUnion is one of the three major credit bureaus, which keep track of and provide consumer credit reports. Your credit report and score are integral to securing the best terms for a mortgage.

Q: Why think about real…

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Scammers are hacking into agent email accounts to track transactions and closings

  Although technology has made real estate transactions quicker, more seamless and increasingly transparent, it has also made buyers and sellers vulnerable to hackers and scammers looking to make a quick buck.

In many cases, scams involve criminals posing as real estate agents asking naive buyers for an upfront fee for services in exchange for a quick turnaround time. Other tactics include sending fake emails from associations as a way to gain access to an agent’s personal information.

According to the Miami Herald, real estate agents and their clients have yet another form of…

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Conditional Use permit approved - Snoqualmie Affordable Housing Project finds itself one step closer to reality.

     Sno Ridge Affordable Housing Rendering In Danna McCall's recent article in Living Snoqualmie, she details that the proposed Snoqualmie Valley affordable housing project has moved one step closer to reality. 

"The City of Snoqualmie posted a Notice of Decision this week stating that a Hearing Examiner has signed off on a Conditional Use Permit requested by Panorama Apartments, LLC for their proposed 191-unit Affordable Housing development to be located in the Eagle Pointe neighborhood of Snoqualmie Ridge. Panorama is a subsidiary of DevCo, which also built Discovery Heights in the Issaquah Highlands". You can read the full details of her story HERE. 

I think…

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