jane and jeff daley: 4 Reasons to Sell This Summer [INFOGRAPHIC] - 06/21/19 03:42 PM
Buyer demand continues to outpace the supply of homes for sale. This means that buyers are often competing with one another for the few listings that are available. Housing inventory is still under the 6-month supply needed to sustain a normal housing market. Now maybe the time for you and your family to move on and start living the life you desire! … (1 comments)

jane and jeff daley: Market in a Minute 2019-05 - 05/05/19 10:42 AM
Market in a Minute 2019-05
This is a snapshot of the Nationa market in time looking at the April statistics as reported.

jane and jeff daley: Dog Park Etiquette - 04/12/19 11:07 AM
Many pet parents enjoy taking their dogs to the dog park for off-leash exercise.Here are a few helpful tips from our professional dog trainers on how to make this the best experience for you and your dog.
Try Dog Playdates (recommended most often by professional trainers)Try and get your own playgroup for your dog. They don’t have to meet every dog in the park.
The dogs should all be fully vaccinated and be naturally social with other dogs.
Each dog should have at least basic obedience skills of sit, down, stay, and coming when called.
Dogs are generally safest when segmented by size. Small and … (0 comments)

jane and jeff daley: Desert K-9 Trials 2019 - 04/08/19 12:31 PM
This weekend we had the privilege of attending the Desert K-9 Trials at the Scottsdale Colosseum. K-9’s and their handlers came from the local and distant places representing law enforcement and the military. The K-9s we saw working were either the Belgian Malinois or the German Shepherd. Desert K-9 Trials K-9 Trials Events Obedience/Obstacles (Judged on control of their K-9 and successful navigation of obstacles)
Handler Protection (Judged on handlers tactics and the K-9 ability to follow direction)
Tactical Challenge (Judged on above but a timed event w/deductions for mistakes)
Area Search (Judged on search, find, and alert on a suspect. … (1 comments)

jane and jeff daley: Existing Home Sales Slowed by a Lack of Listings - 11/27/18 09:54 AM
Existing Home Sales Slowed by a Lack of Listings - Highlights: Existing home sales are currently at an annual pace of 5.22 million, which is up 1.4% over last month. This reverses the six-month trend of dips in sales every month. The inventory of existing homes is still below the 6-month supply needed for a normal market and is now at a 4.3-month supply. NAR’s Chief Economist, Lawrence Yun, had this to say: “After six consecutive months of decline, buyers are finally stepping back into the housing market. As more inventory enters the market and we head into the winter season, … (0 comments)

jane and jeff daley: Get The Best Price | Here is Two Ways When Selling Your Home - 07/24/18 02:07 PM
Get the best price - Every homeowner wants to make sure that they maximize their financial reward when selling their home, but how do you guarantee that you receive the maximum value for your house?
Get The Best PriceHere are two ways to ensure that you get the highest price possible.
1. Price it a Little LowThis may seem counterintuitive, but let’s take a look at this concept for a moment. Many homeowners think that pricing their homes a little OVER market value will leave them with room for negotiation when, in actuality, it just dramatically lessens the demand for their houses (see chart below).
Instead of the … (0 comments)

jane and jeff daley: Lack of Inventory - How it impacts the Housing Market - 06/23/18 01:37 PM
Lack of inventory - The housing crisis is finally in the rear-view mirror as the real estate market moves down the road to a complete recovery. Home values are up, home sales are up, and distressed sales (foreclosures and short sales) have fallen to their lowest points in years. The market will continue to strengthen in 2018.
However, there is one thing that may cause the industry to tap the brakes: a lack of housing inventory. Buyer demand naturally increases during the summer months, but supply is not keeping up.
Here are the thoughts of a few industry experts on the subject:Lawrence Yun, Chief Economist at National Association … (1 comments)

jane and jeff daley: Homes are More Affordable in 44 out of 50 States - 06/23/18 08:35 AM
Homes are more affordable - With both home prices and mortgage rates increased this year, many are concerned about a family’s ability to purchase a major part of the American Dream – its own home. However, if we compare housing affordability today to the average affordability prior to the housing boom and bust, we are in much better shape than most believe.
In Black Knight’s latest monthly Mortgage Monitor, they revealed that in the vast majority of the country, it is actually more affordable to purchase a home today than it was between 1995 to 2003 when looking at mortgage payments (determined by price and interest rate) … (0 comments)

jane and jeff daley: When Is a Good Time to Rent? Not Now! - Luxury Valley Homes - 06/12/18 12:14 PM
People often ask if now is a good time to buy a home, but nobody ever asks whether or not it’s a good time to rent. Regardless, we want to make certain that everyone understands that now is NOT a good time to rent.
The Census Bureau recently released their 2018 first quarter median rent numbers. According to their report, here is a graph showing rent increases from 1988 until today:
As you can see, rents have steadily increased and are showing no signs of slowing down. If you are faced with making the decision of whether or not you should renew your lease, you might be … (0 comments)

jane and jeff daley: Will Home Prices Fall as Mortgage Rates Rise? | Luxury Valley Homes - 06/11/18 12:26 PM
Mortgage interest rates have increased by more than half of a point since the beginning of the year. They are projected to increase by an additional half of a point by year’s end. Because of this increase in rates, some are guessing that home prices will depreciate.
However, some prominent experts in the housing industry doubt that home values will be negatively impacted by the rise in rates.
Mark Fleming, First American’s Chief Economist: “Understanding the resiliency of the housing market in a rising mortgage rate environment puts the likely rise in mortgage rates into perspective – they are unlikely to materially impact the … (0 comments)

jane and jeff daley: 4 Steps to Follow When Presenting an Offer in Today’s Market! - 06/11/18 12:08 PM
4 Steps to follow: So, you’ve been searching for that perfect house to call a ‘home,’ and you’ve finally found it! The price is right, and in such a competitive market, you want to make sure that you make a great offer so that you can guarantee that your dream of making this house yours comes true!
Below are 4 steps provided by Freddie Mac to help buyers make offers, along with some additional information for your consideration:
1. Determine Your Price“You’ve found the perfect home and you’re ready to buy. Now what? Your real estate agent will be by your side, helping you determine an offer … (0 comments)

jane and jeff daley: Days on The Market Drops to New Low in April | Luxury Valley Homes - 06/11/18 11:52 AM
According to recently released data from the National Association of Realtors (NAR), the median number of days that a home spent on the market hit a new low of 26 days in April, as 57% of homes were on the market for under a month.
NAR’s Chief Economist, Lawrence Yun, had this to say,
“What is available for sale is going under contract at a rapid pace. Since NAR began tracking this data in May 2011, the median days a listing was on the market was at an all-time low in April, and the share of homes sold in less than a month was at an all-time high.”
Strong buyer demand, … (0 comments)

jane and jeff daley: Homeowners & Appraisers See the Most Eye-to-Eye on Price in 3 Years - 06/11/18 11:42 AM
Homeowners & Appraisers - In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 5% (or more) over the next twelve months. One major challenge in such a market is the bank appraisal.
When prices are surging, it is difficult for appraisers to find adequate, comparable sales (similar houses in the same neighborhood that recently closed) to defend the selling price when performing the appraisal for the bank.
Every month in their Home Price Perception Index (HPPI), Quicken Loans measures the disparity between what a homeowner who is … (1 comments)

jane and jeff daley: 3 Tips for Making Your Dream of Owning a Home a Reality | LV Homes - 05/11/18 11:11 AM
3 Tips That Makes Your Dream of Home Ownership a RealitySome Highlights of 3 Tips: Setting up an automatic savings plan that saves a small amount of every check is one of the best ways to save without thinking much about it. Living within a budget right now will help you save money for down payments while also paying down other debts that might be holding you back. What are you willing to cut back on to make your dreams of homeownership a reality? Tax Reform Has Impacted the 2018 Housing MarketStarting late last year, some predicted that the 2018 tax changes … (1 comments)

jane and jeff daley: Best Month to Sell Your Home | Data Says May - LVH - 05/02/18 12:30 PM
Best month to sell differs by geography. Arizona leads their sales in November while other states differ. According to a newly released study by ATTOM Data Solutions, selling your home in the month of May will net you an average of 5.9% above estimated market value for your home.
For the study, ATTOM performed an “analysis of 14.7 million home sales from 2011 to 2017” and found the average seller premium achieved for each month of the year. Below is a breakdown by month:
ATTOM even went a step further and broke their results down by day.Top 5 Days to Sell: June 28th – 9.1% above market February 15th – 9.0% above market May 31st – … (0 comments)

jane and jeff daley: Home Prices Increasing - Why? | Luxury Valley Homes - 04/30/18 10:39 AM
Home prices increases - There are many unsubstantiated theories as to why home values are continuing to increase. From those who are worried that lending standards are again becoming too lenient (data shows this is untrue), to those who are concerned that prices are again approaching boom peaks because of “irrational exuberance” (this is also untrue as prices are not at peak levels when they are adjusted for inflation), there seems to be no shortage of opinion.
However, the increase in prices is easily explained by the theory of supply & demand. Whenever there is a limited supply of an item that is in high demand, prices increase.
It is that simple. In real estate, … (0 comments)

jane and jeff daley: Selling Soon | Why You Need a Home Pro in Your Corner | LVH - 04/24/18 11:30 AM
Selling soon? Demand for new homes is on the rise, home values are up and first-time home buyers are flooding the market. According to a new article in the Phoenix Business Journal, the future of the Phoenix and Scottsdale real estate markets is looking bright.
Selling SoonWith home prices on the rise and buyer demand strong, some sellers may be tempted to try and sell their homes on their own (FSBO) without using the services of a real estate professional.
Real estate agents are trained and experienced in negotiation and, in most cases, the seller is not. Sellers must realize that their ability … (0 comments)

jane and jeff daley: Home Buying Myths Slayed | Luxury Valley Homes - 04/20/18 12:38 PM
Home Buying MythsSome Highlights: The average down payment for first-time homebuyers is only 6%! Despite mortgage interest rates being over 4%, rates are still below historic numbers. 88% of property managers raised their rents in the last 12 months! The credit score requirements for mortgage approval continue to fall.
You might also enjoy reading... How Much Do You Need to Make to Buy a Home in Your State? … (0 comments)

jane and jeff daley: Buy a Home in Your State | How Much Do You Need? - 04/18/18 01:22 PM
Buy a Home In Your State - It’s no mystery that cost of living varies drastically depending on where you live, so a new study by GOBankingRates set out to find out what minimum salary you would need to make in order to buy a median-priced home in each of the 50 states, and Washington, D.C.
States in the Midwest came out on top as most affordable, requiring the smallest salaries in order to buy a median-priced home. States with large metropolitan areas saw a bump in the average salary needed to buy with California, Washington, D.C., and Hawaii edging out all others with the highest … (0 comments)

jane and jeff daley: Getting Pre-Approved Should Always Be Your First Step - 04/16/18 02:00 PM
Getting Pre-Approved - In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search.
Getting Pre-ApprovedEven if you are in a market that is not as competitive, understanding your budget will give you the confidence of knowing if your dream home is within your reach. Freddie Mac lays out the advantages of pre-approval in … (0 comments)

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