Hot New Build Strategies & How Presidential Elections Impact the Housing Market
After what has been a crazy couple years in Valley real estate, we are finally seeing home prices stabilize. As things settle into the new ‘normal’ and rates start to come down, more buyers will enter the market. I listed a home last week that had 20 showings in 2 days and achieved a full price off
What’s Really Happening with Mortgage Rates?
Are you feeling a bit unsure about what’s really happening with mortgage rates? That might be because you’ve heard someone say they’re coming down. But then you read somewhere else that they’re up again. And that may leave you scratching your head and wondering what’s true. The simplest answer is: t
Don’t Wait Until Spring To Sell Your House
As you think about the year ahead, one of your big goals may be moving. But, how do you know when to make your move? While spring is usually the peak homebuying season, you don’t actually need to wait until spring to sell. Here’s why. 1. Take Advantage of Lower Mortgage RatesLast October, the 30-yea
Why It’s More Affordable To Buy a Home This Year
Some Highlights1. Home affordability depends on three factors: mortgage rates, home prices, and wages.2. Mortgage rates are down from their recent peak, home prices are expected to rise at a slower pace, and wages are increasing faster than usual.3. That’s good news if you want to buy a home because
Are More Homeowners Selling as Mortgage Rates Come Down?
If you’re looking to buy a home, the recent downward trend in mortgage rates is good news because it helps with affordability. But there’s another way this benefits you – it may inspire more homeowners to put their houses up for sale. The Mortgage Rate Lock-In EffectOver the past year, one factor th
Why You May Want To Seriously Consider a Newly Built Home
Are you putting off your plans to sell because you’re worried you won’t be able to find a home you like when you move? If so, it may be time to consider a newly built home and the benefits that come with one. Here’s why.Near-Record Percentage of New Home InventoryNewly built homes are becoming an in
It’s Back! Greater Phoenix is in a Seller’s Market Again | When the Mortgage Rate Drops 1%, the Payment Drops By….
Well – it’s happened as I’ve been sharing with you all over the last several months. Buyer advantage has waned and we’re back – if not ever so slightly into a seller’s market. Smart buyers still have time to take advantage of seller concessions, but that won’t last long. Buy now and get into a no
The Dramatic Impact of Homeownership on Net Worth
If you’re trying to decide whether to rent or buy a home this year, here’s a powerful insight that could give you the clarity and confidence you need to make your decision.Every three years, the Federal Reserve releases the Survey of Consumer Finances (SCF), which compares net worth for homeowners a
Thinking About Buying a Home? Ask Yourself These Questions
If you’re thinking of buying a home this year, you’re probably paying closer attention than normal to the housing market. And you’re getting your information from a variety of channels: the news, social media, your real estate agent, conversations with friends and loved ones, the list goes on and on