The Cascade Team Real Estate Blog

 Check out this video for our new listing in Mesa, AZ

625 South Banning - Mesa, AZ 85206

 

For all the details, contact Robyn Crawford at 623.300.6747 and visit https://6506546.thecascadeteam.com/

 If you are looking for the perfect home your search is over. This 2 bedroom, 2 bath, Den, with a sparkling pool is just minutes from Superstition Springs Mall and amazing restaurants. The Lost Dutchman State Park with great hiking trails is only a 30 minute drive away with freeway access within minutes. Spring Training facilities are also just a short distance away. This home has a security door upon entering and a generous size great room with vaulted ceilings that is attached to the dining area just off the kitchen. You can enjoy your meals

347 Views, 0 Comments
Read Full Post

 

Home Prices to Tumble Over 25% From Peak Levels in ‘Overheated’ Markets, Says Goldman

Credit researchers at Goldman Sachs now expect home prices in several “overheated” metro areas to fall over 25% from peak levels

Metro areas included in their forecast were Seattle, Denver, Phoenix and San Diego, according to a new home-price outlook from a Goldman research team led by Lotfi Karoui.

Some of the markets at risk for the biggest price drops this year already saw at least a 10% depreciation in home price growth, according to the Goldman team. 

Nationally, the Goldman team expects home prices to fall by roughly 10% this year from June 2022 levels, following their roughly 4% estimated decline in the second half of last year.

1. There is

181 Views, 0 Comments
Read Full Post

Weekly Review
Newsletter - 1/17/2023

Week of January 9, 2023 in Review

Consumer inflation continued to cool in December, but there were also more signs of an economic slowdown. Here are last week’s key headlines:

  • Consumer Inflation Continues to Ease
  • Inflation Remains Top Problem for Many Small Businesses
  • Seasonal Factors Likely Impacted Latest Jobless Claims
  • Services Sector Shows Signs of Slowdown
  • Watching an Important Recession Indicator

Consumer Inflation Continues to Ease

The Consumer Price Index (CPI), which measures inflation on the consumer level, showed that inflation decreased by 0.1% in December. On an annual basis, inflation declined from 7.1% to 6.5%. Core CPI, which strips out volatile food and energy prices,

217 Views, 0 Comments
Read Full Post

Home for Sale in Buckeye AZ

For all the details, contact Angie Perez at 602.377.5394 and visit the property website: https://6464730.thecascadeteam.com/

Check out the virtual tour:

Welcome to Verrado! Where tree lined streets, front porch gatherings, and mingling at one of the 78 parks is part of your everyday of life! This charming 3 bedroom, 2.5 bath home is perfectly located in the heart of the Heritage District, down the street from the Heritage Swim Park and near the Heritage Elementary School! With it’s amazing curb appeal, imagine sitting on your front porch, hanging out with your neighborhood friends and enjoying your beautiful Arizona evening! Or taking stroll down the street to Astoria Gardens park! Open your front door and feel

69 Views, 0 Comments
Read Full Post

As real estate and real estate-related companies continue to cut their workforces, it's become clear that it's no mirage -- the housing market is indeed cooling. Another sign? The real estate giant Redfin has experienced a nearly 92% drop in stock value since last year.

While homes are still more expensive today than they were before COVID-19 changed the world, demand is slowing, and prices are dropping. Redfin recently released data showing which markets are cooling at the fastest rate. What was a seller's market is quickly flipping to a buyer's market in these areas of the country:

Rank

Metro Area

Median Sale Price

              

Rank

Metro Area

 Median Sale Price

1

111 Views, 0 Comments
Read Full Post

2022 Recap

2023 Predictions

National and Industry-Wide Headlines

What began as an extension of 2021’s high-flying real estate frenzy soon enough tumbled and fell to a near standstill by the Federal Reserve’s hiking of interest rates, rendering borrowing costs too pricy for most would-be homebuyers, who, no matter how hard they tried, couldn’t bend the numbers to their will. 

As rates rose, existing-home sales fell, builders pumped the brakes, price growth decelerated, and property sat on the sidelines far longer than forecasted. Real estate companies, meanwhile, braced for lean times after riding high through most of 2020 and 2021, with thousands of workers laid off and quarterly earnings reports showing losses — in some cases, to an

129 Views, 0 Comments
Read Full Post

Denver Real Estate Update Summary For 2022

Home For Sale In Denver

Below are key market highlights from December for the Greater Metro Denver area (Adams, Arapahoe, Broomfield, Denver, Douglas, Elbert and Jefferson). The Greater Metro Denver real estate market saw ups and downs throughout 2022, most notably across inventory, days on market, pending sales, prices and interest rates. Inventory and days on market dominated headlines in the first part of the year but were overtaken by interest rates mid-year. Active listings (ASF and DSF) were at a low point in February 2022 at 1,148 listings, which spiked to 7,465 in July and landed at 4,585 in December. Months supply of inventory (DSF & ASF) was at 1.13 months in December - up 215.74% year-over-year. Days on market

413 Views, 0 Comments
Read Full Post

KIRKLAND, Washington (January 6, 2023) – Last year was a tale of two housing markets, suggested broker Dean Rebhuhn in commenting on the latest statistics from Northwest Multiple Listing Service.

  •          In the first half of the year, we had low interest rates, rising prices, and little inventory
  •          The second half of the year brought increasing interest rates, some lowering of prices, and increasing inventory
  •          The local housing market in 2022 ended with a whimper rather than a bang
  •          Overall, the housing market is going to continue falling off the artificial ‘sugar high’ that was a function of the artificially low mortgage rates during the pandemic
  •          Gardner, the Windermere economist, expects prices will
184 Views, 0 Comments
Read Full Post

Weekly Review
Newsletter - 1/9/2023

Week of January 2, 2023 in Review

The new year kicked off with crucial labor market data, an update on home prices and a warning from the International Monetary Fund:

  • Slower Wage Growth Data Boosts Bonds
  • Stronger Than Expected Private Sector Job Growth in December
  • Jobless Claims Decline But Holidays Likely Skewed Data
  • Home Prices Still Expected to Appreciate This Year
  • IMF Issues Recession Warning

Slower Wage Growth Data Boosts Bonds

 

The Bureau of Labor Statistics (BLS) reported that there were 223,000 jobs created in December, stronger than expectations of 200,000 job gains. Revisions to the data from October and November cut 28,000 jobs in those months combined. The

234 Views, 0 Comments
Read Full Post