The Greater Phoenix Valley has not quite reached the frenetic pace of Realtor.com’s Top 10 Cities Selling Above Asking Price, but we could be getting close. I rather hope not. I’m not sure activity in our market could be defined as ‘Bidding Wars’ yet. Multiple offers in the East Valley are common in lower price… Read More
Mortgage Rates
Unemployemnt Lowest in Nearly 2 Decades
Unemployment statistics are promising but it may not be what you think. So far this year, job growth has actually been slower than anticipated, yet employment numbers continue to drop… more on the reason for that below. So what does this mean for our Real Estate market? Higher unemployment was one of the main factors… Read More
Video: Choosing the Right Lender Makes All the Difference
Video: Choosing the Right Lender Makes All the Difference I’m not sure how many people realize how critical it is to choose the right mortgage lender when you’re buying a home. Unfortunately, by the time you find out you’ve made the wrong choice it’s usually too late. As a Realtor, I learned very quickly which… Read More
You Know About Closing Costs, so How Much More Will You Spend?
You Know About Closing Costs, so How Much More Will You Spend? Whether you’re selling or buying a home, there are of course the little things like deposits and connection or disconnect fees for utilities, cable TV and WiFi. But as we all know, the little things add up quickly. Both Home Buyers and Home… Read More
Video: What’s the Word on Mortgage Lending Standards? Better.
Video: What’s the Word on Mortgage Lending Standards? Better. Mortgage lending regulations, along with mortgage interest rates, are fickle. Just when you think you’ve got a handle on them, they will change. Fortunately for home buyers mortgage lending standards have recently been changing for the better. At the end of last year and the first… Read More
And the Winner is… The Number 1 Influence on 2017’s Real Estate Market
And the Winner is… The Number 1 Influence on 2017’s Real Estate Market The facts of financing are undeniably influential but the nuances are really what shape the Real Estate Market. Mortgage interest rates rise and fall regularly, and though we’ve had several interest rate drops in recent weeks, all the news is about rising… Read More
Trulia Report: Homes in the First Time Buyer Range in Short Supply.
Trulia Report: Homes in the First Time Buyer Range in Short Supply. As a rule I’m not impressed with Trulia. Their home values are skewed by incomplete and vague information, and often the availability of a specific property is inaccurate i.e. not corresponding to the MLS data from which it is borrowed. Having said that,… Read More
After You Determine the ‘Why’ to Sell Your Home, Next Comes the ‘When’?
Is There a Right Time to Sell Your Home? From my vantage point it’s all about the ‘when’. The increase in home buyer activity from the last quarter of the year (any year) to the first quarter, is not only remarkable but predictable. I think a combination of cabin fever and post-holiday momentum cause a bump… Read More