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Found 616 entries published by Cary W Porter.

Jacob Pass 

Fast-rising housing costs have helped to push inflation to a 13-year high. But the way that government statisticians track the price of consumer goods may be missing just how explosive home-price growth has been in recent months.

Housing costs rose by 0.4% between April and May, according to the latest edition of the monthly consumer price index released Thursday by the Bureau of Labor Statistics. Compared with last year, housing prices were up 2.2%.

Altogether, the rise in housing prices accounted for over a quarter of the overall increase in inflation in May, a reflection of how heavily government economists weight this spending category.

But if that 2.2% figure seems off based on your own experience of buying or selling a

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  •          May’s inventory plummeted by 4,824 listings (down 46.6%). YOY
  •          Active listings dropped from April to May for the first time in at least 20 years.
  •          Average SOLD price in King County for April was 109.5% of asking price.
  •          In the 4-county Puget Sound region (King, Snohomish, Pierce and Kitsap), the figure was 108.6%

With rising values and limited inventory, Seattle's red-hot real estate market shows no signs of slowing down heading into the summer months.

While those looking to sell already have the upper hand, there may be another factor at play for houses flying off the market within mere days: the day of the week they are listed.

A new market analysis from Seattle-based Zillow found that homes

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'Whisper listings' have increased from 2.4% to 4%'

By Paul Best FOX Business

America's red-hot housing market shows no signs of cooling off with home prices rising by a record-breaking annual rate of 17.2% in March, according to the National Realtors Association. 

AVOIDING BUYER FATIGUE IN A SELLER’S MARKET

As demand for houses shows no signs of abating, real estate agents have increasingly used a controversial practice known as pocket listings, or "whisper listings," to connect sellers and would-be home buyers. 

A pocket listing is any home that goes up for sale but doesn't get listed on an area's multiple listing service (MLS), which is a private database that real estate agents use to share information. 

The number of pocket

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  •          “There may be hope on the horizon as we head into the prime-time months for sellers.”
  •          Brokers added 12,043 new listings of homes and condos.
  •          16 of the 26 counties in the report had at least a 20% increase in active listings at the end of April compared to March.
  •          Even with some improvement in listings there is only 0.64 months of inventory, with even less supply (0.57 months) in the four-county Puget Sound region.

KIRKLAND, Washington (May 5, 2021) – Finally, some good news for home buyers! Sizeable increases in new listings compared to a year ago and reports of moderating prices “might mean we are seeing some relief for buyers,” suggested John Deely, a board member at Northwest Multiple Listing

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The Cascade Team: Quicker Sales, Greater Savings, More Money in Your Pocket!

True Full Service, Marketing & The Latest Innovative Technology, for a 1% Listing Fee!

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

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WHAT IS BUYER FATIGUE?

We are currently experiencing a hypercompetitive seller’s market with low inventory and many active buyers. This quickly spirals potential homebuyers into the frustrating realm of buyer fatigue. Buyer fatigue refers to buyers who have seen so many properties, written too many unsuccessful offers, and are flat out exhausted with the buying process. Searching for the dream home can be an exhaustive undertaking and when you are losing out time and time again you start to feel like you will never win a bid.

Conversely, while all of this is great news for sellers because it means an increased sale price and shortened transaction time, it can be overwhelming for Listing agents and homeowners as well. Sellers and agents having to

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Seattle area prices are surging.

Median prices system-wide surged 19.5% compared to a year ago. Statistics show a 55.9% decline in total active listings, shrinking from 9,418 at the end of March 2020 to 4,153 at month end March 2021.

The resulting lack of inventory combined with area job growth has created a market where double-digit price hikes were widespread. In fact, mutually accepted offers surged 40.6% compared to February with Seattle/Bellevue region now ranks #1 in technology office space leases, eclipsing San Francisco.

In a market like this you need more than an agent to just stick a sign in the yard. You need a detailed marketing plan that’s going to get

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We’ve all heard anecdotes of housing shortages and ridiculous all-cash offers.

The logical conclusion for many prognosticators is to call this yet another housing bubble.

I don’t think this is the case. Here’s why:

There are more credit-worthy borrowers. Yes, housing prices are rising at a rapid clip, but this is nothing like the subprime crisis. Just look at the credit scores for mortgage originations:

 

Loans are mostly being made to those with high credit scores and sizable down payments, the exact opposite of the subprime housing boom.

According to the Wall Street Journal, mortgage credit availability is near its lowest point since 2014. This means the banks pulling back on lending or households pulling back because they have

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The Cascade Team is proud to present a “Double Header Open House Weekend” for the Trossachs of Sammamish. From 1:00 until 4:00 this Saturday April the 10th come by and view these amazing homes.

Due to Covid restrictions we will be limiting the number of people in the home at any given time to two groups (Not to exceed 10 people). Agent appointments will be allowed every 15 minutes throughout the weekend with the exception of the Open House times.

Offers will be reviewed on Monday afternoon. If you have any questions or would like to view on of these properties, please call or text 425-891-7447

26568 SE 15th St, Sammamish

Listed at $1,999,999.

4 Bedrooms, Bonus Room, Office, Additional Office/Sitting room off Master, 3 Fireplaces, A/C

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  •          Double-digit price hikes were widespread.
  •          Mutually accepted offers surge 40.6% compared to February.
  •          The drop in the number of active listings between now and last year is extraordinary.
  •          Statistics show a 55.9% decline in total active listings, shrinking from 9,418 at the end of March 2020 to 4,153 at month end March 2021.
  •          Seattle/Bellevue region now ranks #1 in technology office space leases, eclipsing San Francisco
  •          Median prices system-wide surged 19.5% compared to a year ago.

KIRKLAND, Washington (April 7, 2021) – Brokers with Northwest Multiple Listing Service (NWMLS) added 10,562 new listings to inventory during March -- the highest volume since September when they

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