The battle over resale properties is still raging among home buyers. Once-upon-a-time the New Construction industry would have easily picked up the slack but that isn’t the case in our current Real Estate market. Contractors are encountering a widespread shortage of construction and utility workers, in addition to the infamous supply chain issues that are… Read More
Increased acceptance of working remotely has had an undeniable influence on home buying trends, here in Arizona and nationwide. Extra bedrooms or enclosed offices have replaced the open-air office spaces that decades ago gained favor with home buyer’s. People are moving farther out in the suburbs in order to afford additional space and more privacy…. Read More
The Arizona luxury home market is booming. AZBigMedia recently reported that a 14.5M home in Paradise Valley, a region Northeast of Phoenix and just North of Scottsdale, set a record for the highest per-square-foot expenditure ever in the Phoenix Metro area at $1,566.55 per square foot. According to the post, “the 9,256-square-foot custom home sits… Read More
Coast to coast, luxury home sales look to be bouncing back faster and stronger than any other segment of the market. According to Mansion Global, median luxury home prices are up nationwide with 35 of the 49 major metro areas reporting significant gains. The high-end market in the Phoenix Valley Metro region of central Arizona,… Read More
Nationwide, foreclosures have been steadily decreasing since 2010. However there are a few isolated markets that have been seeing a recent increase in foreclosures and foreclosure starts. This is not necessarily baffling. It’s no coincidence that the majority of these locals are the same ones that have experienced a faster-than-average rise in home prices. Most… Read More
And the Spring home selling season starts… … …NOW! Perfect timing is everything, and never more so than choosing the ideal moment to put your house on the market. The real estate market is most definitely picking up and just so you know, it’s usually a very short leap between gathering steam and full-on crazy…. Read More
Home Buyers utilizing the Conventional Mortgage are seeing an increase in conforming home loan limits. Loan limits generally keep pace with housing prices in various regions and have been adjusted upward for the 2019 housing market. The conforming limit does not refer to the price of the home,
Though the luxury housing market nationwide has experienced a resurgence in the past year, an article written by Inman News and re-posted on the WFG Title Company blog describes a recent rise in inventory within the luxury market, which in many cases has resulted in a noticeable slowdown of price increases and a general loss… Read More
We are all for the sentiment behind the “Red for Ed” movement. Not only is compensation for Arizona teachers near the bottom of the barrel, but student test scores for the state are among the lowest in the country. Admittedly not every problem is solved by throwing money at it, but there is irrefutable evidence… 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
