The gradual upward movement of Arizona’s current Real Estate market is very much like most other markets throughout the U.S. The rate of Arizona homeownership has been on an upward trajectory since 2015 when it hit a 20-year low point of 61.7%. 2016 saw a moderate rise to 61.9, and a substantial increase to 64.4%… Read More
Rental markets in the Phoenix Metro Area have exploded in recent months. As a matter of fact this article from AZ Central states that Phoenix ranks 9th for the most unaffordable cities for renters. And Millennials seem to be bearing the greatest rent-to-income liability. Great for investors. Not so much for Renters. Saving for a… Read More
In a Zillow report (below), research revealed that coming up with a down payment is the number one hurdle for home buyers. I have found that it’s a common misconception among potential buyers, that you must have a 20% down payment to buy a home. I’m here today to let you know that is CATEGORICALLY… Read More
STOP paying someone elses mortgage! Has it ever occurred to you that while you’re renting a home, the mortgage you are paying is someone else’s? The vacation you are funding is your landlords? And all your efforts are going into taking care of a property that will never be yours? That property is building equity,… 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
Video: The Pros and Cons of Buying a Property for Your College Student. Buying a property for your college can be a good investment but you must go into it with eyes wide open. In addition to the points brought up in the video, there are a few other considerations to keep in mind. You… Read More
Renting? Consider These 10 Things Before You Sign the Lease. I always give potential Renters a walk-through check list and carefully walk them through the home they’re considering renting. The list includes among other things, overall condition, systems and appliances. If anything is unsatisfactory or simply needs to be noted, a report goes directly to… Read More
Homeowners “Ready to Move On” NAR Says New property listings have come in fits and starts this home buying season. From late Winter into the beginning of Summer the Real Estate market sprinted ahead at a rapid pace, with homes priced at $220,000 and under flying off the shelf. It wasn’t unusual this past Spring,… Read More
The Surprisingly Simple Evolution from Renting to Home Buying. As a long-time tenant you might not expect that you could be comfortable with the home buying process. But in my experience folks who have rented for years are often the most conscientious and well-informed home buyers. After working with several long-time renters-turned-buyers recently, I’ve come… Read More
Rent vs Buy at the Tipping Point, 65 Percent into the Buy Zone. In several instances recently I’ve helped put folks into a home of their own for far less in monthly mortgage payments, than the cost of rental homes they were looking at or living in. In each case the homes they purchased were… Read More
