Refinances down but new mortgages are up. I’m not at all convinced that the recent indifference toward mortgage refinancing has anything to do with rising interest rates. I’m more inclined to assume that because low mortgage rates have been around for an extended period of time, most everyone who wanted to refi has already done… Read More
The article below addresses the average size home that $300,000 will buy you in 20 different states, none of which is Arizona so I’ve done a little digging in my own area. $300,000 is higher than the median sales price in several East Valley cities and Phoenix. Gilbert and Chandler median home prices are currently… Read More
When will we see a balanced Real Estate Market? Our market is just beginning to pick up for 2018 after the usual holiday falloff. I haven’t yet seen evidence of increased housing inventory here in Arizona, but I am cautiously optimistic that the experts know what they’re talking about. An extended lack of inventory generally… Read More
Evaluating Your Real Estate Options? Get Local. Investing? Relocating? Evaluating your financial position? It’s reasonable to assume that Real Estate will be an important factor in your equation. The relationship between our country’s economy and the nationwide real estate market is undeniable- the strength and weakness of each has an effect on the other. A… Read More
Here there be Jobs & Salaries in Sync with Rents & Mortgages… namaste. It’s not everywhere that you’ll find salaries that are perfect harmony with rents and mortgages, but several major U.S. cities,including Phoenix AZ, can boast that distinction… especially if your field is in one of the ‘in demand’ arenas like Health Care. Phoenix,… Read More
Slide show: Top 20 Best Cities for Veterans 2017 The results of Wallet Hub’s newest study of the best and worst places for Veterans, shows two Phoenix area cities in the top 20. That’s remarkable considering 100 of the nations largest cities were included in the original research. Gilbert, Arizona came in at #19 and… Read More
Survey Says: Income, Spending and Housing Confidence on the Rise Consumers are a bit more optimistic about their household finances, expecting not only household incomes to grow, but also their household spending, according to the results of the Federal Reserve Bank of New York’s Center for Microeconomic Data Survey of Consumer Expectations (SCE) for 2017…. Read More
No Flip-Flop in Home Prices Expected. Nationwide, unemployment is down and new job creation has been rising at a very promising rate, residential rents are increasing in all major metro areas and mortgage interest rates are still low… the perfect storm for a stable Real Estate market. Due in part to a long-term lack of… Read More
Consumer Confidence Up: As Goes Arizona, So Goes the Nation. Consumer confidence kept improving in August, posting a 122.9 reading in the latest Consumer Confidence Index® from The Conference Board. The Expectations reading of the Index rose to 104.0, while the Present Situation reading rose to 151.2. July’s reading was 120.0. As of September 1,… Read More
This is the Age of Diversity in Home Buying. 2015 and 2016 saw a noticeable influx of Baby Boomers re-entering the Real Estate Market. An estimated fifty-nine million Americans are considering buying a home in 2017. So which demographics are at the front of the pack this time? Generation X (ages approximately 33-50) and Minority… Read More
