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Luxury Homes From The Cascade Team Real Estate

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The home selling process has changed considerably over the past year. Last year sellers could throw their homes on the market with little to no prep work done, throw a few pictures online and still expect multiple offers and a final sale price well over asking price. This red-hot sellers’ market was unprecedented in history and certainly not the norm.

Currently the market is in a state of readjustment and is trending back to a more normal balanced market. This adjustment may be perceived as scary by many sellers who are seeing their neighbors home prices fall in price and sit on the market for months. This slowdown can be directly correlated to raising interest rates and a huge increase of properties on the market.

The news for sellers in the

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Weekly Review
Newsletter - 09/12/2022

Week of September 5, 2022 in Review

News about home price appreciation and unemployment claims highlighted an otherwise quiet economic calendar, while Fed Chair Jerome Powell’s comments about inflation moved the markets. Here are the crucial takeaways:

  • Home Prices Still Forecasted to Appreciate at Meaningful Level
  • Initial Jobless Claims Reach Lowest Level Since Late May
  • Fed Talks Tough About Inflation

Home Prices Still Forecasted to Appreciate at Meaningful Level

CoreLogic released their Home Price Index report for July, showing that home prices declined by 0.3% from June but were 15.8% higher than July last year. This annual reading declined from 18.3% in June but is still significant.

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Average mortgage rates are higher for all loan types today with the 30-year mortgage rate crossing above 5%.

  • The latest rate on a 30-year fixed-rate mortgage is 5.17%. ⇑
  • The latest rate on a 15-year fixed-rate mortgage is 4.197%. ⇑
  • The latest rate on a 5/1 ARM is 3.974%. ⇑
  • The latest rate on a 7/1 ARM is 4.135%. ⇑
  • The latest rate on a 10/1 ARM is 4.245%. 

Fed Chair Jerome Powell is done sitting idly on the sidelines as inflation burns away Americans’ purchasing power. The plan? Draw upon the central bank's decades-old inflation playbook by increasing rates until demand pulls back, and price growth slows.

This is already presenting a test for runaway inflation's poster child: the U.S. housing market.

CoreLogic, a real

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  •         Seattle area home prices are expected to increase by another 18% in 2022
  •         Mortgage rates are expected to climb to around 3.7%
  •         Buying NOW lets you lock in what’s going to be the best price of the year and also the best rate!

There’s a myth that the real estate market shuts down over the holidays and that it’s a terrible time to buy a home—because who wants to buy a home when you could be spending that time with family. You saw where we said “myth,” right? 

The truth is that buying a home over the holidays can yield you a great deal while minimizing the competition. Here’s what you need to know if you’re in the market now. 

Look past the sparkle

You’re going to see some inflatable Santas and lights galore.

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“Did you hear that?  I feel like I am being watched.  There are things going bump in the night.”

As a buyer, these aren’t the things you want to say after you moved into your new home.  Fortunately, for the month of October, you can have a thorough paranormal activity inspection to reassure you that, yes, you were just imaging it. 

The Cascade Team and Eastside Home Inspectors have announced that they are teaming up to offer Paranormal Inspections to buyers as part of the home inspection process.

In addition to their standard process, the inspectors will conclude home inspections by using state of the art thermal cameras to find out if the homes have any unusual activity such as ghostly apparitions, unidentified orbs, objects moving without

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The flaming-hot housing market has seen median home prices soar an unprecedented 24% since the outbreak of the virus last year. But in recent weeks, that fire has lost some of its heat as buyers finally start to push back at sky-high prices. Simply put: The housing market is slowing a bit.

Already, a growing list of doomsayers point to the shifting market as taking us one step closer to a bursting housing bubble. In their minds, housing went up too fast and now must come back down.

But what does the data say? When you look under the hood, the run-up to 2008 housing bubble and the hot 2021 housing market are very different bull markets. While there are several reasons why our latest frenzy won’t result in a bust, there’s one reason in

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Welcome To The Cascade Team Kara Canen!

 

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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Welcome To The Cascade Team Danielle Koval!

 

I have been in the Real Estate industry for 10 years and have worked with many clients in both selling and buying homes. I reside in Snoqualmie Ridge and have a vast knowledge of the Valley and the greater Eastside. I graduated from Washington State University with a degree in Communications/Marketing. The key to my success comes from the passion I have for my profession.

I believe in treating each client in an honest manner and with courtesy and respect. Communication is key to keeping clients well informed through all steps of the buying and selling process. I am client focused, organized, have great attention to detail and am dedicated to giving my clients an experience that is smooth and stress

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Welcome To The Cascade Team Virginia Carter!

I am well versed with a variety of nationalities and their specific customs and tastes, having worked in the medical and Real Estate industries in Houston.  My first career was as a Registered Respiratory Therapist.  I worked in the ICU, at The Texas Heart Institute, with post-op heart and transplant patients.  The transition to Real Estate almost 20 years ago, was easy.  Both involve taking care of people, under potential stressful situations.

The market here in Issaquah/Sammamish is fast paced.  I assist my clients in quickly identifying practical and achievable criteria. Buying or Selling a home is a process.  I offer my guidance and experience to make this as easy as possible for my clients.  My

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Welcome To The Cascade Team Susan Berry!

I decided to enter the world of real estate to join my friends, Paul and Nancy Schulte, in a new adventure - The Cascade Team Indiana!  I was a nurse manager (RN) in the hospital setting before staying home to raise my 3 children, Daniel (24), Lizzie (22) and Quentin (17).  I bring management experience from my days as a surgical services coordinator and a genuine love of helping people to my new career.  My certification in home staging will allow me to flex my creative muscle to help my clients list their homes and is augmented by my 25+ years of home ownership experiences.  I am excited for the opportunities ahead!

OUR LOCAL REAL ESTATE TEAM

Cascade Team Real Estate agents are proactive in serving

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