home buyers: 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)
home buyers: Fannie Mae Shows Consumer Confidence Increasing
- 05/21/17 09:29 AM
For the first time in five months, consumer confidence has increased, according to the Home Purchase Sentiment Index. As of February 2017, this score increased 5.6%, up to 88.3% satisfaction. Incredibly, this is up 5.6% from February of 2016 as well.
Part of this increase could be that the respondents are also reporting household income increases for the past year. Americans are expecting for home prices to go up and for mortgage rates themselves to go down.
As millennials begin to surge the housing market, their increase in job confidence and income gains have quickly increased the home buying market. These … (0 comments)
10 out of 10 of them thought mortgage rates will increase.
Redfin did a survey of 1,002 homebuyers and they found 43% of homebuyers are more inclined to buy now.
Why is this? Most people had a increased sense of urgency to buy now before the rates go up. Most realtors are seeing an increase in home tours and writing offers.
Some people speculate that homebuyers were hold off during the election but now that there is wind of rising rates, the time … (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)
home buyers: 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)
home buyers: 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)
home buyers: 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)
home buyers: 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)
home buyers: 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)
home buyers: 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)
home buyers: 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)
home buyers: How much do you need for a down payment to buy a home?
- 08/22/16 05:13 AM
Buying your own home can be scary. Especially if you’re new at this! Most new home buyers believe you need 20% down to buy a home. False! Even buying a brand-new home, you do not need 20% down! Some homes can have as small as 3.5% down payment, some need nothing as a down payment! Kevin Pearson, president of RMC Mortgage says, “People oftentimes have the assumption that they have to come up with 20 percent down, when really, as little as 3.5% - 5% will get you into a home.” The same option of low down payments exists for both resale … (1 comments)
home buyers: 10 Affordable Remodels That Will Brighten Up Your Kitchen
- 08/08/16 03:16 AM
You might say, 'I don't have time to have my kitchen out of service to do a remodel!' or, ' I can't afford to update my kitchen right now.' In reality, you aren't wrong. Most kitchen remodels cost anywhere from $18,000 to $55,000, which is quite a bit of money! Here are some simple, cost efficient ways to give your kitchen a modern, more current, look: 1. Buy some new handles. Scott McGillivray, author of How to Add Value to Your Home, says " Changing out cabinetry hardware is one of the easiest and quickest updates." Try some new colors. Try to … (3 comments)
home buyers: 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)
home buyers: 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)
home buyers: 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)
home buyers: 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)
home buyers: 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)
home buyers: Green Homes: 4 Things Every Client Should Know
- 04/04/16 01:16 AM
Consumers are becoming more and more interested in green homes. This field is seeing a lot of growth, but it is, however, causing some confusion among prospective homeowners, and realtors, on exactly how to define “green” and how to get the maximum value out of it during a sale or purchase of a home. Check out these four lessons that real estate professionals can teach green-seeking clients: 1. Green can have a few different definitions. The idea of “green”, especially in homes, can have many meanings. “High performance” is a better description, backed and used by the U.S. Environmental Protection Agency. A “high performance” home … (0 comments)
home buyers: Save Yourself Thousands of Dollars This Year
- 03/22/16 06:23 AM
Ten years ago, financial expert David Bach introduced the phrase “latte factor”: the idea that a daily cup of coffee could be costing you thousands of dollars. This is an excellent example of how little expense, however easily justifiable, can really add up. But don’t worry, we are sympathetic to your coffee habit. Here are other eight ideas to cut costs that let you keep your cup of Joe and can save up to $5,000 this year.
Be Loyal To Your Bank While it may be more convenient, your closest out-of-network ATM is posing you some hidden fees. Banks brought in billions … (3 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".
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)
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