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Fannie: The Economy Underperforms

Economic growth was weaker than expected in the second quarter and that's prompted a less optimistic outlook for the remainder of the year, according to Fannie Mae's Economic & Strategic Research Group.

Continued headwinds from a strong dollar and renewed drops in crude oil prices are expected to continue to pose economic challenges in the latest quarter, Fannie Mae economists note. But the housing market is expected to contribute to more growth this year in the economy. The main housing indicators are all well-above year-ago levels year-over-year.

"While consumer spending growth picked up as we expected in the second quarter of this year, other components disappointed," says Doug Duncan, Fannie Mae chief…

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WalletHub: 13 Best Places to Retire

WalletHub recently compared 24 key metrics in 150 of the largest U.S. cities to find the most retirement-friendly hotspots. The data sets they used ranged from measuring the cost of living and recreational activities to the percentage of the elderly population.

The following cities topped WalletHub's list of the most retirement-friendly places:
1.Tampa, Fla.
2.Scottsdale, Ariz.
3.Boise, Idaho
4.Cape Coral, Fla.
5.Orlando, Fla.
6.Sioux Falls, S.D.
7.Baton Rouge, La.
8.Port St. Lucie, Fla.
9.Overland Park, Kan.
10.Peoria, Ariz.
11.St. Petersburg, Fla.
12.Lincoln, Neb.
13.Springfield, Mo.
14.Amarillo, Texas
15.Pembroke Pines, Fla.

View the full rankings of the 150 cities and more about the methodology used at WalletHub.

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'Black Monday' Rattles Housing Market

 Chinese home buyers, in particular, may be more cautious in entering the U.S. housing market following Monday's massive stock market sell-off that sent stocks tumbling, according to housing analysts. The sell-off began in Beijing on Monday and sent shares plunging by record amounts across the globe. Chinese media dubbed it "Black Monday" as markets fell nearly 8.5 percent there.


In the U.S., the Dow Jones industrial average plunged more than 1,000 points just minutes after the opening bell alone on Monday. The Dow made up some ground later in the afternoon but still closed nearly 600 points in the red.

John Burns, CEO and owner of John Burns Real Estate Consulting, explained in a blog post that Chinese…

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Poor Credit? Expect Higher Insurance Bills


Home owners' credit history may have a big impact on how much they pay for home insurance, according to a new study commissioned by insuranceQuotes.com. The study examined the average impact that a credit-based insurance score has on what owners pay for home insurance.

 Owners who have a fair – or median – credit score were found to pay 32 percent more for home insurance on average than someone with stellar credit, the study found. That's up from a 29 percent increase last year.

For those with poor credit, owners' premium may rise by an average of 100 percent, the study found.

According to insuranceQuotes.com, a credit-based insurance score is different from a credit score and is comprised of…

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Is the Market Losing Some Momentum?

REALTOR® confidence over current housing conditions and their six-month outlook for single-family, townhome, and condo properties all showed a slight dip last month – indicative of a slowing housing market, according to the July 2015 REALTOR® Confidence Index, a survey of nearly 3,000 practitioners about the state of housing. Nevertheless, the index remains well-above levels from last year.

The index that measures buyer traffic slid to 62 in July while seller traffic remained below 50 due to a tight supply of homes for-sale nationwide. Any confidence index below 50 indicates that more respondents view conditions as "weak" than "strong." Properties in July also were staying on the market longer at a median of…

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CURRENTLY:

  • 61% Of The Cascade Team Listings are Sold in 3 Days or Less
  • 47% Receive Multiple Offers
  • Our average Seller saves over $12,000 in commissions
  • See our Web Page: http://www.thecascadeteam.com/results.php For more info!

 LOOKING TO SELL YOUR HOME 

A FULL SERVICE REAL ESTATE BROKERAGE FOR HOME SELLERS

The Cascade Team provides a full service experience that is a step above; by executing a marketing plan that is unique to your home, rich in technology and high in service.  We leverage the most innovative technological tools to provide the most exposure possible for your home to increase the communication and service to you our client.

MORE LOCAL MARKET KNOWLEDGE

Our local agents are market experts and…

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Colorado Welcomes The Cascade Team Real Estate

 

 

Here is your chance to be part of an innovative Real Estate Brokerage organization that's changed how things are done in the industry.

 

  

We are a FULL Service company with a comprehensive marketing plan, great training and support! Save your clients thousands on the sale of their homes, give them the support and service they deserve, and in the process build a name for yourself that is second to none!

 

The Cascade Team established a real estate business model that moved away from the traditional and old school ways of doing business.  We are an innovative, technology driven, high touch customer service brokerage committed to providing the best technical tools, a responsive…

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KIRKLAND, Washington (August 5, 2015) – Pent-up demand continues to fuel home sales around Western Washington with millennials, military families and relocating workers vying for limited inventory. Brokers from Northwest Multiple Listing Service say they’re not seeing a typical summer slowdown. 

  • Current Real Estate market described as a “vicious cycle,”
  • “Fear of not finding the right home before selling is creating reluctance by owners to list their property,”
  • Prices up another 6.4%
  • Sales increase by 19.6% far outpacing new listings.
  • Inventory 1/3 of what's needed for a "Normal or Stabile" market 

Commenting on a new report from Northwest Multiple Listing Services summarizing July activity, J. Lennox Scott, chairman and CEO of…

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Currently:

  • 61% Of The Cascade Team Listings are Sold in 3 Days or Less
  • 47% Recieve Multiple Offers
  • Our average Seller saves over $12,000 in commissions

The Cascade Team Real Estate is a company like no other, because of these tools and marketing we provide our home sellers. We understand that in today’s ever changing real estate market, home sellers expect a high level of real estate agent service. Therefore we utilize technology to keep our home selling clients up to date at all times and provide added value to both home buyers and sellers in the real estate transaction. The effective use of these tech tools allow our local Seattle area agents to focus more of their time on servicing our clients and getting their home sold, while…

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Real Estate Brokers are "strongly confident" about the housing market's outlook over the next six months, although confidence has eased since the beginning of this spring, according to the latest confidence index, which is a monthly survey of nearly 3,000 brokers about local market conditions.  

In general, Brokers continued to report "strong" local market conditions last month for single-family and townhome properties. The strong confidence is being buoyed by strong job creation, the reduction in the Federal Housing Administration's annual mortgage insurance premium rates, and the acceptance of Fannie Mae and Freddie Mac's 3 percent down payment loans. Check your home value HERE

Still, Brokers are reporting several issues with the market. The…

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