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
Early, alarming predictions for a dramatic surge in mortgage rates in 2018, have so far fallen flat. True, home buyers have seen incremental increases in rates for home loans since January, but in more of a one-step-forward-and-two-steps-back pattern. I’m cautiously optimistic that this might continue for three significant reasons. First, the country’s economy appears to… Read More
In today’s Real Estate market, Home Buyers commonly include the backyard of their dreams on their home-shopping wish list. There’s been a major revival of spending quality time outdoors and one backyard staple might even improve the quality of your sleep. More and more homeowners are making their home’s back yard an integral part of… Read More
The purchase of a new home is really big deal. The sale of your home carries both financial and emotional weight. But how much thought have you given to the actual act of moving? For instance, have you considered the best way to label your boxes for the most convenient and efficient unpacking? How big… Read More
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
Curb appeal may be the most important element in the presentation of a listing. The photos that are displayed in MLS can get a home buyer to the property, but the Wow-Factor needs to happen the minute they drive down the street and compare your home for sale with the rest of the neighborhood. Curb… Read More
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
With the recent rise in mortgage rates beginning to level off, and Real Estate’s busy season fast approaching, conditions are ripe for Home Sellers to get off the fence. Properties in first-time-buyer range are flying off the shelf, as are more expensive homes… priced right. If that weren’t enough good news for Home Sellers, more… Read More
When you sign your closing documents as either a home seller or a home buyer, there will be a notation on the Settlement Statement regarding property taxes. There’s always a bit of a kerfuffle over property taxes so it helps to understand how they work. If you’re a homeowner here in Arizona you’ve probably just… 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
