Best Spring Home Buying Season Nationwide in a Decade – These are nationwide statistics but the Arizona Real Estate Market overall, is shadowing these numbers very closely. ~Bill — — — — — New home sales data released this week showed that sales were 16.6 percent higher than March when comparing the seasonally adjusted annualized… Read More
How Single Women Are Changing the Home-Buying Market. Single females make up a significant portion of the home buying market, much more so than single males according to the National Association of Realtors®. Among them, home buyers of the Boomer generation lead the pack but Millennials are creeping up in numbers very quickly. My hunch… Read More
My theory is that with families planning their move for the Summer while the kids are out of school, higher inventory will temporarily drive prices a little lower. I don’t believe this is a long-term trend as folks will want to get settled again before school starts in the Fall. You can view the complete… Read More
We don’t hear as much about Bridge Loans as we used to, and though they were nearly nonexistent for a while they seem to be creeping back into favor. A bridge loan may not be the most financially prudent option, interest rates are higher and the amount of time you will carry the loan is… Read More
All I can say is… WoW!! Everything about the Gilbert Real Estate market says “Hot”! Find the complete Gilbert Real Estate Market Update Report for the week ending 5/9/16, here. * Market Update Report courtesy of Greystone Title Agency — — — What’s My Home Worth? MLS Property Search Set Up a Custom Search More… Read More
America’s Seniors Hold More Home Equity than Pre-Recession Peak An estimated $140.2 billion increase in the aggregate value of homes owned by seniors drove their share of home equity to $5.83 trillion and fueled the NRMLA/RiskSpan Reverse Mortgage Market Index (RMMI) to an all-time high in Q4 2015 of 203.20 from 198.53 in Q3. This information comes from data… Read More
I never thought of the word ‘normal’ as comforting before. But as it applies to today’s Real Estate market, ‘normal’ is a virtual security blanket for Realtors, home sellers and buyers alike. The statistics in the article below illustrate a Real Estate market that can easily be called normal, maybe even healthy. For comparison’s sake,… Read More
Fixed mortgage rates remained steady, aiding homebuyer affordability amid a tight supply of for-sale homes in many markets, according to the recently released Freddie Mac Primary Mortgage Market Survey® (PMMS®). Survey results show the 30-year fixed-rate mortgage (FRM) averaged 3.62 percent with an average 0.6 point for the week, down slightly from last week when it averaged… Read More
