May, 2022 RSS Icon
Found 22 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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The Real Estate Market “Shift” Is Here

Looks like America's home buying binge is winding down. There's a vibe shift visible in both the official data and in the anecdata from sellers, buyers, and brokers.

Why it matters: This is just what Jerome Powell ordered. The slowdown means the Fed's rate hikes are working — cooling demand in an overheated market.

"The buyers just stopped buying," said Shauna Pendleton, an agent with Redfin. Buyers who were flush with cash courtesy of the also formerly booming stock market have completely pulled back.

  • Some listings now sit for weeks without even a showing. Some homes are sitting for 42 days without a single showing.
  • Redfin agent Robin Glaysher said five people showed up to an open house last
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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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Real Estate Market Update For Parker Colorado

Here are the stats for Parker's housing market, effective May 24, 2022.  The market has seen a slight slowing with the rise in interest rates over the last number of weeks, but demand still appears to be stronger than inventory levels can support.  However prices appear to have leveled out a bit, and even with the talks of inflation and recession, the housing market is still moving forward as home buyers look to enter the market.  If you are looking at buying or selling, now is still a good time if you have a long term time horizon.  In all previous recorded recessions, other than the one in the late 2000's brought on by the housing market, housing prices have continued to climb and rates have historically

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For all the details, contact Angie Perez at 602.377.5394 or visit the property website at:  https://6380904.thecascadeteam.com/

14909 W Cameron Drive - Surprise AZ 85379

3 Bedroom Home in Surprise AZ

This beauty is ready to make yours today!! This 3 bedroom, 2 bath home with a full 3 car garage has lots to offer! Amazing curb appeal low maintenance front landscaping and a merry front porch! Upon entering, notice the high vaulted ceilings in the living, dining and family rooms with the open concept flowing into the kitchen. The spacious kitchen has lots of cabinet storage and slide out shelving, large island with breakfast bar, newer appliances, maple cabinets, and a sitting desk area perfect for homework needs.  The primary bedroom offers a bay window bringing in the natural

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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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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 in

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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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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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