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September Forecast
John Bartholomew • Sep 14, 2021
Your competitive advantage in today's marketplace
August ended as somewhat anticipated. As families took their final summer vacations and got their kids ready to head back to school the market took a slight drop.
- The number of new listings in the 26 Washington counties decreased by 11.5% from July to August, while the total number of available units fell by 6.6%.
- The median price on the homes that closed last month was $579,000, a drop of $10,000 from July.
- New listings fell by 4.2% between August 2020 and last month, while available units decreased by 22.6%.
With the current market situation, we anticipate that Fall could bring more inventory for investors.
Since we manage our own fund we make the credit decisions and can fund your transaction quickly. That expedites the process and provides you with the competitive advantage necessary in today's market place.
For properties that need short-term financing or don't fit the traditional underwriting criteria, Cascara Capital can be your solution.
News and Information from Cascara Capital
September picked up after a "slower" August as anticipated. The market in Washington State remains in that borderline frenzied status as inventory continues to lag behind high demand. However, we are beginning to see some changes that we believe you should be aware of.
John Bartholomew goes over the advantages and requirements of investor bridge loans for quick fix or flip opportunities for real estate investors.
Seattle Mayor Jenny Durkan has just introduced a new executive order extending the moratorium through September of 2021.
