Recession fears are growing, and that may prompt some Americans—who are still haunted by the last one—to get skittish about the housing market. Don’t expect another “real estate fire sale” if the economy heads into another recession, economists say.
“This is going to be a much shorter recession than the last one,” George Ratiu, senior economist with realtor.com®, notes in a recent article at the site. “I don’t think the next recession will be a repeat of 2008. … The housing market is in a better position.”
Just 2% of economists, strategists, academics, and policymakers surveyed believe a recession will occur this year, based on a survey of more than 200 members of the National Association for Business Economics. Thirty-eight percent believe a
As we shared earlier this month, construction on the Issaquah-Fall City Road project is expected to begin today, Monday, Aug. 26, and last for about two years. Work over the next couple weeks will be limited and is expected to have little impact on traffic conditions in the area. We will continue to provide regular updates as additional construction activities are scheduled.
SE Issaquah-Fall City Road will remain open throughout construction, except during the 8-month closure between 247th Pl SE and Klahanie Dr SE during bridge construction. Traffic control and flaggers will be present to direct traffic through the work area. Expect some potential delays, noise,
Nearly all home buyers hire a professional home inspector to take a close look at their new house before closing. You can speed things along by analyzing the condition of your home and making necessary repairs now before the house is under contract. Whole-home inspections cover numerous systems within the house, but there are a handful of hot-spots that concern buyers the most.
Mold and Mildew at the Home Inspection
Mildew stains and odors scare buyers, especially because toxic black mold is such a hot topic. You likely won't even get an acceptable offer if mold and mildew are present. Even if the mold in your house is the normal variety, treat it and address the source of the problem.
MLS director John Deely, principal managing broker at Coldwell Banker Bain in Seattle, described King County’s residential market as “balanced on a fulcrum between growth, stagnation, and decline.” New listings of single family homes (excluding condos) in King County dropped year-over-year and when compared to last month, he noted. Total active listings and pending sales both improved from a year ago, but slipped from June’s totals.
Median price dropped 2.7%.
Increased listing inventory from prior months put pressure on pricing,”
Home Prices declined about 2.9% from June.
The Cascade Team Real Estate is a 2019 Neighborhood Favorite on NextDoor!
Northwest MLS brokers report mixed activity during July, as volume of closed sales
We are very happy to announce that The Cascade Team Real Estate has been named the Best Real Estate Brokerage on NextDoor for 2 years in a row! The Cascade Team can be found in 617 different neighborhoods collectively representing 133,586 Home Owners. We are very proud to be a part of the neighborhoods we represent and are very proud in the trust you place in all of our amazing agents and neighbors!
Congratulations, you're a 2019 Neighborhood Favorite! It’s official - you’re a winner and neighbors love you! Only 1% of all businesses win this award, and The Cascade Team Real Estate is one of them!
The votes have been tallied and the winners are in. We're pleased to announce the businesses Nextdoor voted as 2019's Neighborhood Favorites!