for sale: Wanna Sell Your Home?
- 09/04/17 09:06 AM
Inventory of homes that are for sale fell in May 2017 at a record breaking pace. It seems that people are now moving less, which is putting a strain on the tight inventory market and a high demand for new construction. Even as we're seeing a shift in the market for homes being sold, the value of homes continues to gain (7.4 percent since last year according to the Zillow Home Value Index). Not only are home values rising, but rent is rising as well. Large metropolitan areas are seeing the biggest increase in rental prices (cities like Seattle and Sacramento were … (1 comments)
for sale: What's Up With National Home Prices?
- 08/23/17 01:11 PM
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index registerd a 5.5% annual gain in April, down from 5.6% last month, S&P Dow Jones Indices reported Tuesday. The 10-City Composite annual increase came in at 4.9%, down from 5.2% the previous month. The 20-City Composite posted a 5.7% year-over-year gain, down from 5.9% in March. Before seasonal adjustment, the National Index posted a month-over-month gain of 0.9% in April. The 10-City Composite posted a 0.8% increase and the 20-City Composite reported a 0.9% increase in April. After seasonal adjustment, the National Index recorded a 0. 2% month-over-month increase. The 10-City Composite posted a … (0 comments)
for sale: Higher Demand for Home Buying as Conditions Get Better
- 08/17/17 04:16 PM
With the job market operating at a full capacity and mortgage rates being low, now is both a buyers and sellers market. . . as long as they choose to act quickly. In May 2017, the National Unemployment rate was 4.3 percent, according to the U.S. Bureau of Labor Statistics. For the U.S., this meets the definition of full employment across the nation. (When the unemployment rate falls below 4.7 percent, the labor market is determined to be at a full capacity.) Back in March 2017, the unemployment rate fell to 4.5 percent for the first time since late 2007. Additionally, the average interest … (1 comments)
for sale: Shortage in Southern California Increases Homebuyers in AZ
- 05/21/17 09:45 AM
With the housing shortage in Southern California that continues to increase home and rental pricing, more California residents are looking for opportunities further inland; even to Arizona.
About 75,000 more people left Los Angeles County in 2016 than moved to the county from elsewhere in the United States, according to U.S. Census Bureau data. Orange County is resembling the same trend. In Orange County, the median price for a home is $645,000, which is still higher than Los Angeles County.
Millennials and people with lower or middle class incomes are trying to break away from the high pricing demands of Southern … (0 comments)
According to builderonline.com, "a positive jobs report this past Friday--235,000 jobs created in February, and a lower unemployment rate of 4.7%-- carries with it four key meaningful areas of interest for home builders and developers at present: household wage growth, consumer confidence, good job concentration, and interest rate increases."
Those areas are: Wage and income growth. Consumer confidence. Good jobs. Interest rates going up. So let's talk about these 4 things.
The nominal wage growth was at 2.8% year over year in February.
Improved wage growth always means more homes are sold from both a lending … (0 comments)
for sale: Rent Skyrockets To New Heights
- 03/27/17 01:11 PM
The rental market in Phoenix has reached a new high as of February 2017. The average in 2016 was $935.00 and it is $976.00 now. The national average is $1,285.00
With a 94.6% occupancy rate, the annual effective rent growth rate in the market is 4.4%.
So what does this doe to our job market? Job growth is at 2.4% for the 12 months ending in January and is anticipated to stay near 2% this year.
The areas that seem to have seen the most growth are: Central Phoenix North, Glendale South, Maryvale, Sunnyslope and South Mesa.
So if you know anyone looking … (0 comments)
for sale: What Makes Small Businesses Prosper in Metro Areas?
- 02/28/17 01:48 PM
The article, “The winning equation: What helps small businesses thrive in certain metro areas” looks at key factors and similarities between some of America’s most thriving places for small businesses. These factors included things such as number of small businesses per capita, private-sector jobs generated by small businesses, and change in population over three year periods. Florida’s metros seemed to outperform in almost all the metrics. Population growth is a major factor in the success of small businesses. Given Florida’s stable rate of increasing population, its demand is also growing, giving room for opportunity for small businesses.
Big businesses can also play … (1 comments)
for sale: Will The Trend Of Rising Home Prices Continue In 2017?
- 02/21/17 08:00 AM
While the trend of increasing mortgage rates and rising home prices isn’t going to leave in 2017, it is expected to slow down. According to a quarterly survey from the National Association of Realtors, existing-home prices are predicted to increase by 4% in 2017, which is a bit less than 2016’s 5%. The article, "Will Home Sales and Prices Continue to Accelerate in 2017?", explains that 2016 will remain as the year with the highest exisisting home sales since 2006's housing boom. This being said, there will still be some challenges up the road. Chief Economist Jonathan Smoke claims that this year … (2 comments)
for sale: Hurtful Habits Successful People Avoid
- 02/07/17 07:59 AM
The article “4 Horrible Habits Keeping You From Being Successful” talks about toxic habits that keep up from reaching our full potential. These habits are frustrating and can be crippling, and you should train your mind to avoid them
The first pernicious habit is weak self-discipline. When your schedule becomes hectic, it isn’t uncommon to spend more time on the details and little tasks, which can cripple your company. You can fix this by making a list of goals and priorities, and putting the steps you are going to take to get them done. At the end of the day, write down … (3 comments)
for sale: Major Cities See Their Middle Class Dwindle
- 01/31/17 08:49 AM
The article “How geography helps explain the stark divisions in wealth and jobs in the U.S.” talks about how the middle class is beginning to majorly dwindle in many major cities. According to a Research Center study published in 2015, America’s economic majority is no longer comprised of a majority middle class. Wealthy neighborhoods remain wealthy while gentrification is driving up real estate prices and pushing lower-income residents out of their former working-class neighborhoods.
This major wealth divide can even be seen within singular cities. For instance, in New York, 1 in 5 people live in poverty. While 20% of New Yorkers … (1 comments)
for sale: Phoenix Orange Shirt Ambassadors Help the Homeless
- 01/24/17 09:49 AM
The article Phoenix’s orange-shirt ambassadors now tackling homelessness downtown informs the public about how Arizona is reaching out to the homeless in downtown Phoenix. The orange shirt ambassadors are expanding their regular duties, and homeless outreach is now the center of their attention.
They inform the homeless about their options for assistance, and refer them to where they can find everyday necessities such as food, clothing and shelter. A 34 year old man by the name of Alton Rogers arrived at a visitor center looking for help. After the center put him in contact with Spahle who informed Rogers of his options, … (0 comments)
for sale: Arizona Puts Boost On Its Economic Approach
- 01/16/17 10:17 AM
The article, Arizona’s economic development efforts moving the needle, published by the Phoenix Business Journal, tells how the state is putting a boost on its economic approach in three different instances.
For starters, Arizona jumped from having 85% that of the national average in 2013, to 94% that of the national average this past year. Brookings Metropolitan Policy Program revealed that Arizona had double-digit two-year growth in advanced industry jobs. Previously, jobs such as construction, general services, hospitality and retail dominated Arizona’s workforce. The jobs that fall into the advanced industry category that now dominate the state pay $30,000 to $40,000 more.
Over … (0 comments)
for sale: Metro Phoenix Rental Rites Are Climbing
- 01/10/17 11:47 AM
The article, Metro Phoenix had the 4th-highest rise in rental rates in the United States but 10,000 new apartments are on the way, announces that metro Phoenix has seen a constant rise in rent. The national research firm Axiometrics states that the Valley's average apartment rent has climbed 22 of the past 23 months. The average apartment rent now stands at $924, which is $70 more than it was just a year ago. The demand for rentals escalated during the housing crash due to people losing their homes to foreclosure and needing to rent. Millennials are also adding to the renting … (1 comments)
"From superior insulation to solar power to sustainable material, many new homebuilders offer energy efficient construction and design. With a growing demand for energy–efficient homes, investing in a newly built home now can mean increased value in the future and lower bills today." - per NewHomeSource.com
To see energy efficient homes in the Scottsdale, Arizona area, check out this site and we'd love to show you some homes if you are in the market or thinking of being ready to be in the market check out this link HERE.
Check out this great website to learn a ton about energy efficient homes.
Technology websites and apps have become a supplemental part of our professional. I think almost every person on earth has searched Zillow at least once looking at homes in their area for home values or homes on the market dreaming about where they want to live.
I find it interesting that some people favor the idea that with Zillow, there might not be a need for a professional realtor. However, it is like everything else in the world. Technology will evolve but at the … (44 comments)
for sale: New Construction vs. Buying Old Homes
- 05/16/16 01:37 AM
When it comes to home buying, one size does not fit all. This article highlights the important differences between buying an older home and purchasing a newly constructed home.
New Home, New You Unless you are looking to build a custom home on an individual lot, most new homes are built in developments that has a similar style. These developments can be as large as a former field, with hundreds of homes, to a small cul-de-sac. These home stend to be built to the latest codes, contemporary styled, energy efficient, and more expensive than resale homes of a similar size. Sometimes these … (0 comments)
for sale: 13 Extras That Will Make Your Home More Valuable
- 05/09/16 02:16 AM
People who watch home improvement TV shows are often familiar with the projects that bring value to homes. They are quick to name kitchen and bathroom remodels as the most valuable. But sometimes, the homeowner doesn’t have the time, patience, or budget to completely overhaul a large chunk of their home. If you are looking to sell in the near future, or are buying soon and want to get the best bang for your buck, check out these 13 features that buyers love and you should also be considering. 1. Fences Fences are a good investment. Homes that do not have a … (1 comments)
for sale: Mortgage Qualification Is Easier With This New Credit Card Rule
- 04/25/16 02:44 AM
Credit Card Debt Gets New Rules Getting approved for a mortgage is getting easier. Nationwide, banks are relaxing their mortgage standards. Lenders are now approving more applications that we have seen during any time this decade. This doesn’t mean that banks are being reckless though- they are simply realizing that standards may have been a little to tough in light of the losses we say last decade. “The Pendulum”, as some in the business like to call it, is swinging back towards common sense. This has resulted in lenders treated credit card debt different than the typical have in the past. This is helping first-time … (0 comments)
for sale: 4 Questions to Ask Before Buying A Vacation Home
- 04/18/16 02:22 AM
If you fell in love with your last vacation destination, you may be convinced it is time to buy a home there. According to the 2015 Investment and Vaction Home Buyers Survery coducted by the National Association of Realtors, ““vacation-home sales catapulted to an estimated 1.13 million last year, the highest amount since NAR began the survey in 2003. Vacation sales were up 57.4 percent from 717,000 in 2013.”
Searching for homes in paradise is a very exciting task, but there are a few important things to take into account before committing. Here’s a checklist of the factors to consider before you … (0 comments)
for sale: Assessing the Cost of a Fixer-Upper Home
- 04/11/16 01:43 AM
Buying a fixer upper home can either save you a bunch of money, or get you into a tough financial situation. It is important that you have the time, desire, and skills to begin a big home improvement project before you a buy a home that needs a lot of TLC.
Follow these seven steps to decide how much you can afford, how much you should offer, and if a DIY home is the right investment for you.
1. Figure out what you can do yourself.
We can be mislead by how quick and easy TV remodeling shows make home improvement look. In … (0 comments)
Buying a home is the largest investment most people make in their lifetime. Assisting people in achieving their real estate goals is our PASSION and the motto that we work by is providing "Service That Exceeds Your Expectations".
Inventory of homes that are for sale fell in May 2017 at a record breaking pace. It seems that people are now moving less, which is putting a strain on the tight inventory market and a high demand for new construction. Even as we're seeing a shift in the market for homes being sold, the value of homes continues to gain (7.4 percent since last year according to the Zillow Home Value Index). 
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