scottsdaale real estate arizona: 2 Things Sellers Need To Know This Spring
- 03/08/23 08:04 AM
2 Things Sellers Need To Know This Spring A lot has changed over the past year, and you might be wondering what’s in store for the spring housing market. If you’re planning to sell your house this season, here’s what real estate experts are saying you should keep in mind. 1. Houses That Are Priced Right Are Still Selling Houses that are updated and priced at their current market value are still selling. Jeff Tucker, Senior Economist at Zillow, says: “. . . sellers who price and market their home competitively shouldn’t have a problem finding a buyer.” The need to price your house right … (1 comments)
scottsdaale real estate arizona: Could a Multigenerational Home Be the Right Fit for You?
- 03/07/23 07:56 AM
Could a Multigenerational Home Be the Right Fit for You? During the pandemic, many of us reexamined the meaning of home for ourselves and our loved ones. Today, that can be seen in the recent rise in multigenerational households. According to Jessica Lautz, Deputy Chief Economist and Vice President of Economic Research at the National Association of Realtors (NAR): “Multi-generational buying may be a home where families live in the same home with elderly parents, children who have boomeranged back home, or other extended family members. While this is not a new concept of living, it is one which has gained recent popularity.” And citing data from Pew Research Center, … (0 comments)
scottsdaale real estate arizona: Where Will You Go After You Sell Your House?
- 03/03/23 06:28 AM
Where Will You Go After You Sell Your House? [INFOGRAPHIC] Some Highlights If you’re thinking of selling your house, be sure to explore all the options you have for your next home. Both newly built homes and existing homes offer plenty of unique benefits. If you have questions about the options in our area, let’s discuss what’s available and what’s right for you. … (3 comments)
scottsdaale real estate arizona: Congratulations - Equity Gains for Today’s Homeowners
- 03/02/23 07:23 AM
Equity Gains for Today’s Homeowners Today’s homeowners are sitting on significant equity, even as home price appreciation has eased recently. If you’re a homeowner, your net worth got a boost over the past few years thanks to rising home prices. Here’s what it means for you, even as the market moderates. How Equity Has Grown in Recent Years Because of the imbalance between how many homes were for sale and the number of homebuyers in the market over the past few years, home prices appreciated substantially. And while price appreciation has slowed this year, that doesn’t mean you’ve lost all the equity in your home. In fact, … (1 comments)
scottsdaale real estate arizona: Why is American so Divided?
- 02/20/23 12:02 PM
My comment, "In a quick and non-scientific experiment I used Google, DuckDuckGo, and Brave to research why divisiveness is being cultivated in the United States today. Almost all the articles in Google point to one race as bad and the other as being persecuted. Both DuckDuckGo and Brave present various sides of the question. The sad part is that divisiveness has permeated every segment of our country including our military and real estate. Does bias belong in our news today or should we be presented with the facts so we can form our own opinions?I'll present some conclusions of my own … (8 comments)
scottsdaale real estate arizona: What You Should Know About Closing Costs
- 02/13/23 06:25 AM
What You Should Know About Closing Costs Before you buy a home, it’s important to plan ahead. While most buyers consider how much they need to save for a down payment, many are surprised by the closing costs they have to pay. To ensure you aren’t caught off guard when it’s time to close on your home, you need to understand what closing costs are and how much you should budget for. What Are Closing Costs? People are sometimes surprised by closing costs because they don’t know what they are. According to Bankrate: “Closing costs are the fees and expenses you must pay before becoming … (3 comments)
scottsdaale real estate arizona: Patriots Post for Veterans at the Phoenix Open 2023
- 02/11/23 06:50 AM
Patriots Post for VeteransPatriots' Outpost, also known as the "Patriots' Tent", is a hospitality area set up by the Waste Management Phoenix Open golf tournament for military veterans and active-duty military personnel. The idea behind the tent is to give back to the military community by providing a place for veterans and active-duty military members to relax, socialize and enjoy the golf tournament. Patriots PostThe Patriots' Outpost, also known as the "Patriots' Tent", is a hospitality area set up by the Waste Management Phoenix Open golf tournament for military veterans and active-duty military personnel. The idea behind the tent is to give … (3 comments)
scottsdaale real estate arizona: Why Today’s Housing Market Isn’t Headed for a Crash
- 02/09/23 07:33 AM
Why Today’s Housing Market Isn’t Headed for a Crash 67% of Americans say a housing market crash is imminent in the next three years. With all the talk in the media lately about shifts in the housing market, it makes sense why so many people feel this way. But there’s good news. Current data shows today’s market is nothing like it was before the housing crash in 2008. Back Then, Mortgage Standards Were Less Strict During the lead-up to the housing crisis, it was much easier to get a home loan than it is today. Banks were creating artificial demand by lowering lending standards and making … (2 comments)
scottsdaale real estate arizona: Number of Homes for Sale Up from Last Year, but Below Pandemic Years
- 02/08/23 09:49 AM
Number of Homes for Sale Up from Last Year, but Below Pre-Pandemic Years The biggest challenge in the housing market right now, and likely for years to come, is how few homes there are for sale compared to the number of people who want to buy. That’s why, if you’re thinking about selling your house, this is a great time to do so. Your house would be welcome in a market that has fewer homes for sale than it did in the years leading up to the pandemic. According to the latest Monthly Housing Market Trends Report from realtor.com: “There were 65.5% more homes for sale … (2 comments)
scottsdaale real estate arizona: The Top Reasons for Selling Your House
- 02/06/23 08:07 AM
The Top Reasons for Selling Your House Many of today’s homeowners bought or refinanced their homes during the pandemic when mortgage rates were at history-making lows. Since rates doubled in 2022, some of those homeowners put their plans to move on hold, not wanting to lose the low mortgage rate they have on their current house. And while today’s rates have started coming down from last year’s peak, they’re still higher than they were a couple of years ago. Today, 93% of outstanding mortgages have a rate at or below 6%. That means a strong majority of homeowners with mortgages have a rate … (2 comments)
scottsdaale real estate arizona: Why You Shouldn’t Fear Today’s Foreclosure Headlines
- 01/25/23 08:30 AM
Why You Shouldn’t Fear Today’s Foreclosure Headlines If you’ve seen recent headlines about foreclosures surging in the housing market, you’re certainly not alone. There’s no doubt, the stories in the media can be pretty confusing right now. They may even make you think twice about buying a home for fear that prices could crash. The reality is, the data shows a foreclosure crisis is not where the market is headed, and understanding what that really means is mission-critical if you want to know the truth about what’s happening today. Here’s a deeper look. According to the Year-End 2022 U.S. Foreclosure Market Report from ATTOM, foreclosure filings are … (0 comments)
scottsdaale real estate arizona: The 3 Factors That Affect Home Affordability
- 01/24/23 09:31 AM
The 3 Factors That Affect Home Affordability If you’ve been following the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to experts, the key factors determining housing affordability are projected to improve this year. Selma Hepp, Executive, Deputy Chief Economist at CoreLogic, shares: “. . . with slowly improving affordability and a more optimistic economic outlook than previously believed, the housing market could show resilience in 2023.” The three measures used to establish home affordability are home prices, mortgage rates, and wages. Here’s a closer look at each one. 1. Mortgage Rates Mortgage rates shot … (3 comments)
scottsdaale real estate arizona: What’s Really Happening with Home Prices?
- 01/20/23 07:46 AM
What’s Really Happening with Home Prices? [INFOGRAPHIC] Some Highlights If you’re thinking about selling your house, recent headlines about home prices falling month-over-month may have you second-guessing your decision—but perspective matters. While home prices are down slightly month-over-month in some markets, home values are still up almost 10% nationally on a year-over-year basis. A nearly 10% gain is still dramatic compared to the more normal level of appreciation, which is 3-4%. Let’s connect to find out how much equity you have in your current home and how you can use it to fuel your next purchase. This is a national perspective. To learn what's happening in your market talk to your local REALTOR®. … (3 comments)
scottsdaale real estate arizona: What Past Recessions Tell Us About the Housing Market
- 01/16/23 08:16 AM
What Past Recessions Tell Us About the Housing Market It doesn’t matter if you’re someone who closely follows the economy or not, chances are you’ve heard whispers of an upcoming recession. Economic conditions are determined by a broad range of factors, so rather than explaining each in-depth, let’s lean on the experts and what history tells us to see what could lie ahead. As Greg McBride, Chief Financial Analyst at Bankrate, says: “Two-in-three economists are forecasting a recession in 2023 . . .” As talk about a potential recession grows, you may be wondering what a recession could mean for the housing … (2 comments)
scottsdaale real estate arizona: 3 Best Practices for Selling Your House This Year
- 01/05/23 10:18 AM
3 Best Practices for Selling Your House This Year A new year brings with it the opportunity for new experiences. If that resonates with you because you’re considering making a move, you’re likely juggling a mix of excitement over your next home and a sense of attachment to your current one. A great way to ease some of those emotions and ensure you’re feeling confident in your decision is to keep these three best practices in mind. 1. Price Your Home Right The housing market shifted in 2022 as mortgage rates rose, buyer demand eased, and the number of homes for sale grew. As a seller, … (1 comments)
scottsdaale real estate arizona: 2023 Housing Market Forecast
- 12/16/22 12:21 PM
2023 Housing Market Forecast [INFOGRAPHIC] Some Highlights From home sales to prices, the 2023 housing market will be defined by mortgage rates. And where rates go depends on what happens with inflation. If you’re thinking of buying or selling a home this year, let’s connect so you understand where the housing market is headed in 2023. Sources: realtor.com Home Price Expectations Survey (HPES) National Association of Realtors (NAR) Mortgage Bankers Association (MBA) Fannie Mae Freddie Mac Zelman & Associates Greg McBride, Chief Financial Analyst, Bankrate … (1 comments)
scottsdaale real estate arizona: Planning to Retire? It Could Be Time To Make a Move
- 12/15/22 01:20 PM
Planning to Retire? It Could Be Time To Make a Move. If you’re thinking about retirement or have already retired this year, you may be planning your next steps. One of your goals could be selling your house and finding a home that more closely fits your needs. Fortunately, you may be in a better position to make a move than you realize. Here are a few things to think about when making that decision. Consider How Long You’ve Been in Your Home From 1985 to 2008, the average length of time homeowners typically stayed in their homes was only six years. But according … (2 comments)
scottsdaale real estate arizona: What You Want To Know When Pursuing Your Dream of Homeownership
- 12/01/22 10:59 AM
What You Want To Know If You’re Pursuing Your Dream of Homeownership If you’re a young adult, you may be thinking about your goals and priorities for the months and years ahead. And if homeownership ranks high on your goal sheet, you’re in good company. Many of your peers are also pursuing their dream of owning a home. The 2022 Millennial & Gen Z Borrower Sentiment Report from Maxwell says: “Many young adults have demonstrated their resolve to embark on the journey toward homeownership soon. More than half of millennials and Gen Zs plan to apply for a mortgage sometime within the next year.” Let’s take a look … (1 comments)
scottsdaale real estate arizona: Climate Change Hysteria
- 11/20/22 07:35 AM
Recently we had a prospective client looking for their first home and one of their primary concerns was climate change, and included their impressions of this in their decision-making process. This struck an accord with me so I have provided some additional information for thought. Swedish scientist Svante Arrhenius (1859-1927) was the first to predict climate change. Since 1960, modern doomsayers have been predicting environmental disasters. None of the apocalyptic predictions with due dates as of today (November 20, 2022) have come true. These predictions have been and continue to be enthusiastically reported by a media eager for sensational headlines, the failures … (7 comments)
scottsdaale real estate arizona: Top Questions About Selling Your Home This Winter
- 11/16/22 10:56 AM
Top Questions About Selling Your Home This Winter There’s no denying the housing market is undergoing a shift this season, and that may leave you with some questions about whether it still makes sense to sell your house. Here are three of the top questions you may be asking – and the data that helps answer them – so you can make a confident decision. 1. Should I Wait To Sell? Even though the supply of homes for sale has increased in 2022, inventory is still low overall. That means it’s still a sellers’ market. The graph below helps put the inventory … (4 comments)
2 Things Sellers Need To Know This Spring
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