May, 2022 RSS Icon
Found 12 entries for May, 2022.

Fueled by unprecedented gains in home values, Washington State’s red hot real estate market has led to “unprecedented” increases in home values that will drive up next year’s property tax bills, according to the King County assessor’s office.

 The Sammamish Plateau topped the list with a 52% increase from the previous year. That’s double the still eye-popping 26% increase in Federal Way. Other Eastside cities also saw staggering price increases; areas such as Redmond (43% on average), Woodinville (44%) and Kirkland (44.5%).

While not as extreme as on the Eastside, in Seattle proper, values are up 19% in Rainier Beach and 20% in Magnolia, according to the assessor’s office, which released a sample of data Thursday but is still finalizing values

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Weekly Review
Newsletter - 05/23/2022

Week of May 16, 2022 in Review

Sales of existing homes and construction of single-family homes eased in April, while Fed Chair Jerome Powell’s comments caused volatility in the markets.

Existing Home Sales Edge Lower

Existing Home Sales, which measure closings on existing homes, showed that sales were down 2.4% in April at a 5.61 million unit annualized pace. This data likely reflects people shopping for homes in February and March, which included much of the rise in rates we’ve seen – but not all of it. On a year over year basis, sales were only down 5.9%, which is still quite strong considering higher rates, higher home prices and tight inventory.

What’s the bottom line? There were 1.03

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Weekly Review
Newsletter - 05/16/2022

Week of May 9, 2022 in Review

Inflation remains hot on both the consumer and wholesale levels. Here are the key stories to note:

  • Consumer Inflation Near 40-year Highs
  • Wholesale Inflation Remains Elevated
  • Initial Jobless Claims Rise for Second Straight Week
  • Small Business Expectations for Better Business Conditions Hits 48-year Low
  • Fed Chair Jerome Powell Confirmed for Second Term

Consumer Inflation Near 40-year Highs

The Consumer Price Index (CPI), which measures inflation on the consumer level, rose 0.3% in April, just above the expected 0.2% gain. On an annual basis, CPI eased slightly from March’s reading of 8.5% (the hottest reading in 41 years) to 8.3%. While the year over

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Pricing your property is a balancing act:

On the one hand, you want to set a listing price that maximizes interest among qualified, motivated buyers who will be willing to pay top dollar for your property. Indeed, such buyers will ultimately determine your property's top market value.

On the other hand, you do not want to set a listing price that attracts a lot of buyer prospects, but sets the stage for negotiations that result in your getting less than what your property is really worth.

Your Home's Actual Market Value

In a perfect world, your home's value would be everything you think and need it to be. However, simply put, your home's value is not determined by you, but by what the market is willing to pay for it at a given time. These

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Gardening and some benefits that come with it

 Real Estate Info Guide mentions that there is a debate whether gardening truly does add value to a home and tells us by hoe much in dollar terms is does benefit a home seller.

 

 The average ranges from 5.5 percent to 12.7 percent depending on the type of landscaping and the homes original value. That translates into an extra $16,500 to $38,100 in value on a $300,000 home. Meanwhile other sites suggested that a "well-maintained garden can add anything from $3,000 to $45,000

In another article, Home Light asks, "Do Gardens Increase Property Value, or Are They Seen As Too Much Work?" they mention that sometimes gardening is not beneficial, “To plant a garden is to believe in

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Week of May 2, 2022 in Review

The Fed took action to fight inflation while the unemployment rate held steady. Here are the key headlines:

  • Fed Hikes Fed Funds Rate to Curb Inflation
  • Unemployment Rate Remains Stable – But for Wrong Reasons
  • Private Payrolls Miss Expectations in April
  • Is the Rise in Initial Jobless Claims the Start of a Trend?
  • Annual Home Price Appreciation Sets a New Record High

Fed Hikes Fed Funds Rate to Curb Inflation

Last week, the Fed hiked its benchmark Fed Funds Rate by 50 basis points after hiking by 25 basis points in March. Note that the Fed Funds Rate is the interest rate for overnight borrowing for banks. It is not the same as mortgage rates. The Fed also said they anticipate ongoing

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How beneficial is it to a seller to have beautiful curb appeal?

Spring is in the air, and while you are planting your flowers, mowing the lawn, and getting your house "spring pretty" you are also setting yourself up for success if you plan on selling. Does curb appeal help sellers? Does it attract buyers? It does, in face according to Homelight 

In a recent poll of top HomeLight agents from all over the country, 76% said that Improving curb appeal was the best thing homeowners could do to boost a home’s marketability, and another 95% of agents confirmed that putting effort into cleaning and polishing the exterior can bring more attention and a higher value to that home.

 

Buying a home is an emotional experience. It is, therefore,

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If you plan on selling your house, ask these questions when you interview a broker.

The difference can cost you thousands.

Do you provide a unique personal property website for my home?

We create a custom website designed just for your property. It looks great on every device and is the foundation of marketing your home. It's loaded with beautiful photography, all of the details, as well as maps, school, and neighborhood information. Buyers can even schedule tours right from the site.

Website Features:

Up to 100 high resolution photos
Displays 3D and other virtual tours
School info
Local amenities info
Demographic info
Mapping and directions
Birds eye and satellite views
Schedule a home tour 

 

Will my site be

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  •          The Puget Sound housing market has shifted down several levels
  •          Not all homes are selling within the first week on market
  •          Multiple offers will not be as commonplace as they’ve been in the last two years
  •          The latest MLS report showed a mix of positive and negative numbers.
  •          New listings (11,681) surpassed the number of pending sales
  •          This is evidence that interest rates are having a cooling effect.

 

KIRKLAND, Washington (May 5, 2022) –Rising interest rates and inflation, coupled with slight improvement in inventory, may bring some normalcy to Western Washington’s frenzied housing market suggest some brokers with Northwest Multiple Listing Service.

“The Puget Sound housing

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May the 4th be with you - The Cascade Team Real Estate Edition

 

True Full Service, Marketing & The Latest Innovative Technology, for a 1% Listing Fee!  (plus buyer’s agent commission)

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.

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