The Number of Homes for Sale Is Increasing
There’s no denying the last couple of years have been tough for anyone trying to buy a home because there haven’t been enough houses to go around. But things are starting to look up. There are more homes up for grabs this year. The graph below uses the latest data from Realtor.com to show in April 2
Buyers: Spring Season was a Snoozer. Will Summer be the New Spring? Sellers: Greater Phoenix is in a Balanced Market – What Sellers Need to Do
Spring time is typically the hottest selling market in the Valley. 2024 has so far been lackluster with lower than average demand and little inventory on the market. Still properties have continued to move pretty well. With news that interest rates may take a bit longer to come down, the market has
Now’s a Great Time To Sell Your House
Thinking about selling your house? If you are, you might be weighing factors like today’s mortgage rates and your own changing needs to figure out your next move.Here’s something else to consider. According to the latest Home Purchase Sentiment Index (HPSI) from Fannie Mae, the percent of respondent
Is It Getting More Affordable To Buy a Home?
Over the past year or so, a lot of people have been talking about how tough it is to buy a home. And while there’s no arguing affordability is still tight, there are signs it’s starting to get a bit better and may improve even more throughout the year. Elijah de la Campa, Senior Economist at Redfin,
Sellers: Condition of Your Home Matters Today
Delays in interest rate reductions have slowed buyer demand in what is normally one of our busiest seasons. Rates aside there are still compelling reasons for buyers to capitalize on today’s market: motivated sellers mean there are better conditions to maximize seller credits towards permanent rate
How to Avoid Capital Gains Tax on a Home Sale
By Jeffrey Steele When your home value goes through the roof, you may end up with capital gains when you sell. Here are tips to limit tax liability. Most homeowners aim for a substantial increase in home value – and many are achieving it when they sell their primary home. But that increase can com
What’s the Latest with Mortgage Rates?
Recent headlines may leave you wondering what’s next for mortgage rates. Maybe you’d previously heard there were going to be cuts this year that would bring rates down. That refers to the Federal Reserve (the Fed) and what they do to their Fed Funds Rate. While cutting, or lowering, the Fed Funds Ra
Is It Easier To Find a Home To Buy Now?
One of the biggest hurdles buyers have faced over the past few years has been a lack of homes available for sale. But that’s starting to change. The graph below uses the latest data from Realtor.com to show there are more homes on the market in 2024 than there have been in any of the past several ye
Eco-Friendly, Energy-Efficient Homes Attract Buyers
Are you planning to sell your house? If so, you may be surprised to hear just how much buyers value energy efficiency and eco-friendly features today. This is especially true as summer officially kicks off. In fact, the 2023 Realtors and Sustainability Report from the National Association of Realtor