luxury valley homes scottsdale: Thinking of Selling? Now May Be the Time - 02/26/20 02:16 PM
Thinking of Selling? Now May Be the Time

The housing market has started off much stronger this year than it did last year. Lower mortgage interest rates have been a driving factor in that change. The average 30-year rate in 2019, according to Freddie Mac, was 3.94%. Today that rate is closer to 3.5%.
The Census Bureau also just reported the highest homeownership rate since 2014 for people under 35. This is evidence that owning their own home is becoming more important to Millennials as they reach the age where marriage and children are part of their lives.
According to the latest Realtors Confidence Index Survey from the National Association of Realtors (NAR), buyer demand across … (0 comments)

luxury valley homes scottsdale: Opportunity in the Luxury Market This Year - 02/24/20 08:00 AM
Opportunity in the Luxury Market This Year
Homes priced in the top 25% of a price range for a particular area of the country are considered “premium homes.” At the start of last year, many of the more expensive homes listed for sale hadn’t seen as much interest, since much of the demand for housing over the past few years has come from first-time buyers looking for starter homes. It looks like buyer activity, however, is starting to show a shift in this segment.
According to the January Luxury Report from the Institute for Luxury Home Marketing (ILHM):
“In a snapshot of 2019, despite pessimism at the … (0 comments)

luxury valley homes scottsdale: Interest Rates Over Time - 02/21/20 10:30 AM
Your Retirement Nest Egg Could Be $1,744,940

Some Highlights: With interest rates hovering at near historic lows, now is a great time to look back at where they’ve been, and how much they’ve changed over time. According to Freddie Mac, mortgage interest rates are currently hovering near a five-decade low. The impact your interest rate has on your monthly mortgage payment is significant. An increase of just $20 dollars in your monthly payment can add up to $240 per year or $7,200 over the life of your loan. Maybe it’s time to lock in now while rates are still low. NOTE:  These numbers … (4 comments)

luxury valley homes scottsdale: Strength of the Economy Is Surprising the Experts - 01/31/20 09:21 AM
Strength of the Economy Is Surprising the Experts

We’re currently in the longest economic recovery in U.S. history. That has caused some to ask experts to project when the next economic slowdown (recession) could occur. Two years ago, 67% of the economists surveyed by the Wall Street Journal (WSJ) for the Economic Forecasting Survey predicted we would have a recession no later than the end of this year (2020). The same study done just three months ago showed more than one third of the economists still saw an economic slowdown right around the corner.
The news caused concern among consumers. This is evidenced by a … (1 comments)

luxury valley homes scottsdale: Should I Sell My House This Year? - 01/28/20 08:40 AM
Should I Sell My House This Year?

If one of the questions you’re asking yourself today is, “Should I sell my house this year?” the current Housing Opportunities and Market Experience (HOME) Survey from the National Association of Realtors® (NAR) should boost your confidence as it relates to the current selling sentiment in the housing market. Even with all the information overload in the media circling around talk of a possible recession, the upcoming 2020 election, and more, Americans feel good about selling a house now. That’s some news to get excited about!
As the graph below shows, as of Q4 2019, 75% of people surveyed indicate they believe … (1 comments)

luxury valley homes scottsdale: First-Time Buyers Are Searching for Existing Homes This Year - 01/27/20 09:02 AM
First-Time Buyers Are Searching for Existing Homes This Year
In the latest Housing Trends Report, the National Association of Home Builders (NAHB) measured the share of adults planning to buy a home over the next 12 months. The report indicates the percentage of all buyers that will be first-time buyers looking to purchase a home grew from 58% in Q4 2018 to 63% in Q4 2019.
The results revealed,
“Millennials are the most likely generation to be making plans to purchase a home within a year (19%), followed by Gen Z (13%) and Gen X (12%)…Prospective buyers in the youngest two generations are primarily first-time … (0 comments)

luxury valley homes scottsdale: Buyers Can Win By Downsizing in 2020 - How? - 01/22/20 08:34 AM
How Buyers Can Win By Downsizing in 2020

Home values have been increasing for 93 consecutive months, according to the National Association of Realtors. If you’re a homeowner, particularly one looking to downsize your living space, that’s great news, as you’ve likely built significant equity in your home.
Here’s some more good news: mortgage rates are expected to remain low throughout 2020 at an average of 3.8% for a 30-year fixed-rate loan.
The combination of leveraging your growing equity and capitalizing on low rates could make a big difference in your housing plans this year.
How to Use Your Home Equity For move-up buyers, the typical pattern for … (0 comments)

luxury valley homes scottsdale: 2 Surprising Items Homebuyers Really Want - 01/21/20 09:12 AM
The 2 Surprising Things Homebuyers Really Want

In a market where current inventory is low, it’s normal to think buyers might be willing to give up a few desirable features in their home search in order to make finding a house a little easier. Don’t be fooled, though – there’s still an interest in the market for some key upgrades. Here’s a look at the two surprising things buyers seem to be searching for in today’s market, and how they’re impacting new home builds.
Homebuyers Are Not Giving Up Their Garages The National Association of Home Builders (NAHB) recently released an article showing the percentage of new … (0 comments)

luxury valley homes scottsdale: Make the Dream of Homeownership a Reality in 2020 - 01/20/20 01:30 PM
Make the Dream of Homeownership a Reality in 2020

In 1963, Martin Luther King, Jr. led and inspired a powerful movement with his famous “I Have a Dream” speech. Through his passion and determination, he sparked interest, ambition, and courage in his audience. Today, reflecting on his message encourages many of us to think about our own dreams, goals, beliefs, and aspirations. For many Americans, one of those common goals is owning a home: a piece of land, a roof over our heads, and a place where our families can grow and flourish.
If you’re dreaming of buying a home this … (0 comments)

luxury valley homes scottsdale: Homes Are More Affordable Today - 01/15/20 07:30 AM
Homes Are More Affordable Today, Not Less Affordable

There’s a current narrative that owning a home today is less affordable than it has been in the past. The reason some are making this claim is that house prices have substantially increased over the last several years.
It’s not, however, just the price of a home that matters.
Homes, in most cases, are purchased with a mortgage. The current mortgage rate is a major component of the affordability equation. Mortgage rates have fallen by over a full percentage point since December 2018. Another major piece of the affordability equation is a buyer’s … (1 comments)

luxury valley homes scottsdale: 2020 Real Estate Projections That May Surprise You - 01/08/20 10:28 AM
The 2020 Real Estate Projections That May Surprise You

This will be an interesting year for residential real estate. With a presidential election taking place this fall and talk of a possible recession occurring before the end of the year, predicting what will happen in the 2020 U.S. housing market can be challenging. As a result, taking a look at the combined projections from the most trusted entities in the industry when it comes to mortgage rates, home sales, and home prices is incredibly valuable – and they may surprise you.
Mortgage Rates Projections from the experts at the National Association of Realtors (NAR), the Mortgage Bankers Association (MBA), Fannie … (0 comments)

luxury valley homes scottsdale: The New Spring Real Estate Market is Here - 01/08/20 10:20 AM
The New Spring Real Estate Market is Here. Are You Ready?

Which month do you think most people who are considering buying a home actually start their search? If you’re like most of us, you probably think the surge happens in the spring, likely in April. Not anymore. According to new research, January 2019 was only 1% behind February for the most monthly views per listing on realtor.com.
So, what does that mean? The busiest season in real estate has just begun.
The same research indicates,
“Historically, April launched the kickoff of the home shopping season as buyers would come out of their winter hibernation looking … (1 comments)

luxury valley homes scottsdale: Why You Shouldn’t “For Sale By Owner - 12/30/19 07:50 AM
Why You Shouldn’t “For Sale By Owner”

Rising home prices coupled with the current inventory in today's market may cause some homeowners to consider selling their homes on their own (known in the industry as a For Sale By Owner). However, a FSBO might be hard to execute well for the vast majority of sellers.
Here are the top 5 reasons not to FSBO: 1. Online Strategy for Prospective Purchasers
Studies have shown that 93% of buyers search online for a home. That’s a pretty staggering number! Most real estate agents have an Internet strategy to promote the sale of your home. Do … (1 comments)

luxury valley homes scottsdale: Local Real Estate Professional Makes All the Difference - 12/30/19 07:46 AM
Working with a Local Real Estate Professional Makes All the Difference [INFOGRAPHIC]

Some Highlights: Choosing the right real estate professional is one of the most impactful decisions you can make in your home buying or selling process. A real estate professional can explain current market conditions and break down what they will mean to you and your family. If you’re considering buying or selling a home in 2020, make sure to work with someone who has the experience to answer all of your questions about pricing, contracts, and negotiations. … (0 comments)

luxury valley homes scottsdale: Get Your House Ready To Sell This Winter - 12/13/19 10:07 AM
Get Your House Ready To Sell This Winter

Some Highlights Winter is a great time to list a house, since inventory is traditionally low, and most sellers are holding off until spring to put their homes on the market. Waiting for warmer weather when more competition is on the market will only put your house up against many more choices for buyers. Get your house ready to sell now with quick and easy fixes that make a big impact.  
(1 comments)

luxury valley homes scottsdale: R. Jeffery Daley, PhD - Luxury Valley Homes Receives 2019 Best of Scottsdale Award - 12/12/19 10:27 PM
Press Release
FOR IMMEDIATE RELEASE
R. Jeffery Daley, PhD - Luxury Valley Homes Receives 2019 Best of Scottsdale Award
Scottsdale Award Program Honors the Achievement
SCOTTSDALE December 6, 2019 -- R. Jeffery Daley, PhD - Luxury Valley Homes has been selected for 2019 Best of Scottsdale Award in the Real Estate Agents category by the Scottsdale Award Program.
Each year, the Scottsdale Award Program identifies companies that we believe have achieved exceptional marketing success in their local community and business category. These are local companies that enhance the positive image of small business through service to their customers and our community. These exceptional companies help make … (0 comments)

luxury valley homes scottsdale: Have You Outgrown Your Home? | Scottsdale Real Estate AZ - 12/11/19 09:52 AM
Have You Outgrown Your Home?

It may seem hard to imagine that the home you’re in today – whether it’s your starter home or just one you’ve fallen in love with along the way – might not be your forever home.
The good news is, it’s okay to admit if your house no longer fits your needs.
According to the latest Home Price Insights from CoreLogic, prices have appreciated 3.5% year-over-year. At the same time, the National Association of Realtors (NAR) reports inventory has dropped 4.3% from one year ago.These two statistics are directly related to one another. As inventory has decreased and demand has increased, prices have been driven up.
This is … (1 comments)

luxury valley homes scottsdale: A 365 Day Difference in Homeownership - 12/10/19 01:12 PM
A 365 Day Difference in Homeownership
Over the past year, mortgage rates have fallen more than a full percentage point. This is a great driver for homeownership, as today’s low rates provide consumers with some significant benefits. Here’s a look at three of them:
Refinance: If you already own a home, you may want to decide if you’re going to refinance. It’s one way to lock in a lower monthly payment and save substantially over time, but it also means paying upfront closing costs too. You have to answer the question: Should I refinance my home? Move-up or Downsize: Another option is to consider … (0 comments)

luxury valley homes scottsdale: Is A Bigger House Within Your Budget? - 12/04/19 10:46 AM
Is A Bigger House Within Your Budget?

At this time of year, many families come together to celebrate the season. It’s also the time when many realize their homes are just not quite big enough to host all of their guests and loved ones. Are you one of those homeowners dreaming for a larger space to call home?
You may have enough equity in your current home to move up. According to the Q3 2019 U.S. Home Equity & Underwater Report by ATTOM Data Solutions,
“14.4 million residential properties in the United States were considered equity rich, meaning that the combined estimated amount of … (1 comments)

luxury valley homes scottsdale: Buyers Are Looking For Your Home | Luxury Valley Homes - 11/29/19 09:21 AM
Buyers Are Looking For Your Home [INFOGRAPHIC]
Some Highlights: Existing Home Sales are currently at an annual pace of 5.46 million. The inventory of existing homes for sale remains below the 6 months needed for a normal market and is now at a 3.9-month supply. Inventory remains low due to high demand from buyers who are still looking for a house to buy! … (1 comments)

 
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