scottsdale real estate: Market Insider 85266 2017-10-14 | Scottsdale Real Estate - 10/14/17 05:20 PM
Market Insider 85266 2017-10-14 - The data on this page is consolidated from multiple sources and includes current listings, recent sales, and more. Whether you're a buyer or seller, the knowledge you gain will help put you in control of your real estate transactions. Call or email anytime to discuss how this information can benefit you!
Market Insider 85266 2017-10-14 Housing Market Trends - Sold vs. Listed Understand the difference between "listing prices" (what sellers are asking for) and "sold prices" (what buyers are willing to pay). By comparing these price trends, you'll have a good idea of where the market is heading. … (0 comments)

scottsdale real estate: Significant Equity: Homeowner Truths – ScottsdaleRealEstateArizona.com - 10/05/17 03:36 PM
Significant Equity - A recent article from a reputable news source was titled: Here's why some homeowners still can't sell. In the opening bullets of the article, the author claimed, “Negative equity is one of the main reasons why there are so few homes for sale.” The article then goes on to soften that stance but we want to bring better clarity to the equity situation.   A recent report from CoreLogic (which was quoted in the article) revealed that over 80% of all homes now have “significant equity,” which means the home has over 20% equity. That level of equity … (0 comments)

scottsdale real estate: Selling Your Home – Maximize Your Return | LuxuryValleyHomes.com - 09/25/17 12:48 PM
Selling Your Home - Every homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive maximum value for your house?
Here are two keys to ensure that you get the highest price possible.
1. Price it a LITTLE LOWThis may seem counterintuitive. However, let’s look at this concept for a moment. Many homeowners think that pricing their home a little OVER market value will leave them room for negotiation. In actuality, this just dramatically lessens the demand for your house (see chart below). 
Selling Your HomeInstead of the seller trying to … (2 comments)

scottsdale real estate: Want to Keep up with the Joneses? Now's the Time - 09/10/17 10:50 AM
Joneses - Want to keep up? - Does your current house fit your needs? Does it seem like everyone else is moving up and moving on to more luxurious surroundings? Are you wondering what it would take to start living your dream life? Market conditions around the country have presented an opportunity like no other for those who are looking to make the jump to a premium or luxury home.Joneses - Want to Keep Up?The National Association of Realtors reports that national inventory levels are now at a 4.3-month supply. A normal market, where prices appreciate with inflation, has 6-7-months inventory. The … (0 comments)

scottsdale real estate: Cost of Renting vs. Buying in the US - 06/23/17 09:51 AM
Cost of Renting vs. Buying in the US Highlights:
Historically, the choice between renting or buying a home has been a tough decision. 
Looking at the percentage of income needed to rent a median-priced home today (29.2%) vs. the percentage needed to buy a median-priced home (15.8%), the choice becomes obvious. 
Every market is different. Before you renew your lease again, find out if you can put your housing costs to work by buying this year! 
Home Equity - How Much Equity Do You Have in Your Home
Home Equity - CoreLogic’s latest Equity Report revealed that 91,000 properties regained equity in the first quarter of 2017. This is great … (1 comments)

scottsdale real estate: Home Equity – How Much Equity Do You Have in Your Home? - 06/20/17 12:31 PM
Home Equity - CoreLogic’s latest Equity Report revealed that 91,000 properties regained equity in the first quarter of 2017. This is great news for the country, as 48.2 million of all mortgaged properties are now in a positive equity situation.
Price Appreciation = Good News for Homeowners
Frank Nothaft, CoreLogic’s Chief Economist, explains:
“One million borrowers achieved positive equity over the last year, which means risk continues to steadily decline as a result of increasing home prices.”
Frank Martell, President and CEO of CoreLogic, believes this is a great sign for the market in 2017 as well, as he had this to say: “
"Homeowner equity increased by $766 billion over the … (3 comments)

scottsdale real estate: Buying is Cheaper Than Renting Now by 33.1 Percent - 06/19/17 09:37 AM

 
Buying is cheaper - The results of the latest 12 Key Differences show that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States.
The updated numbers actually show that the range is an average of 3.5% less expensive in San Jose (CA), all the way up to 50.1% less expensive in Baton Rouge (LA), and 33.1% nationwide!
Other interesting findings in the report include:
Interest rates have remained low and, even though home prices have appreciated around the country, they haven’t greatly outpaced rental appreciation.
With rents & home values moving in tandem, … (0 comments)

scottsdale real estate: Buying is Cheaper Than Renting Now By 33.1 Percent - 06/19/17 09:21 AM
Buying is cheaper - The results of the latest 12 Key Differences show that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States.
The updated numbers actually show that the range is an average of 3.5% less expensive in San Jose (CA), all the way up to 50.1% less expensive in Baton Rouge (LA), and 33.1% nationwide!
Other interesting findings in the report include:
Interest rates have remained low and, even though home prices have appreciated around the country, they haven’t greatly outpaced rental appreciation.
With rents & home values moving in tandem, … (1 comments)

scottsdale real estate: Five Reasons You Should Sell This Summer - 06/11/17 02:34 PM

Here are five reasons listing your home for sale this summer makes sense.
1. Demand Is StrongThe latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase… and are in the market right now! More often than not, multiple buyers are competing with each other to buy a home.
Take advantage of the buyer activity currently in the market.
2. There Is Less Competition NowHousing inventory is currently at a 4.2-month supply, well under the 6-months needed for a normal housing market. This means, in the majority … (1 comments)

scottsdale real estate: Measuring Your Ability to Achieve the American Dream - 04/26/17 03:03 PM
Forbes.com recently released the results of their new American Dream Index, in which they measure “the prosperity of the middle class, and…examine which states best support the American Dream.”
The monthly index measures several different economic factors, including goods-producing employment, personal and commercial bankruptcies, building permits, startup activity, unemployment insurance claims, labor force participation, and layoffs.
The national index score was rounded out to 100 in January and saw a modest jump to 100.5 in February.
Alaska represented the lowest score on the index at 80.7, due mostly to the recent collapse in oil prices. Nevada came in with the highest score at 108.8, boosted by big gains … (0 comments)

scottsdale real estate: Tax Return Depressing? Owning a Home Could Help | Luxury Valley Homes - 04/26/17 02:50 PM
Tax Return Depressing? Many Americans got some depressing news last week; either their tax return was not as large as they had hoped or, in some cases, they were told they owed additional money to either the Federal or State government or both. One way to save on taxes is to own your own home.
According to the Tax Policy Center’s Briefing Book -“A citizen's guide to the fascinating (though often complex) elements of the federal Tax System” - there are several tax advantages to homeownership.
Here are four items, and a quote on each, from the Briefing Book:
1. Mortgage Interest Deduction
“Homeowners who itemize deductions may reduce their … (0 comments)

scottsdale real estate: Thinking of Selling? This Could Be Your Time To Act - 04/17/17 01:51 PM
If you thought about selling your house this year, now may be the time to do it. The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing.
We were still in high school when we learned the concept of supply and demand: the best time to sell something is when supply of that item is low and demand for that item is high. That defines today’s real estate market.
Jonathan Smoke, Chief Economist at realtor.com, revealed in a recent article that:
“The biggest challenge to buyers this spring will be simply finding a home to buy and getting it successfully … (0 comments)

scottsdale real estate: Rental Trap: Be Careful...Don't Be Ambushed - 04/11/17 11:03 AM
Rental Trap: There are many benefits to homeownership. One of the top benefits is being able to protect yourself from rising rents by locking in your housing cost for the life of your mortgage.
Rental Trap - Don’t Be Ambushed
Jonathan Smoke, Chief Economist at realtor.com, reported on what he calls a “Rental Affordability Crisis.” He warns that,
“Low rental vacancies and a lack of new rental construction are pushing up rents, and we expect that they’ll outpace home price appreciation in the year ahead.”
In the Joint Center for Housing Studies at Harvard University's 2016 State of the Nation’s Housing Report, they revealed that … (3 comments)

scottsdale real estate: Supply-Demand: How it Impacts the Real Estate Market - 03/26/17 10:20 AM
Supply-DemandLow Supply and Demand Impacts the Real Estate MarketSupply-Demand: Some of the highlights of this infographic show the concept of Supply & Demand is a simple one. It demonstrates the best time to sell something is when the supply of that item is low & the demand for that item is high! It also defines the following:
Anything under a 6-month supply is a Seller’s Market! There has not been a 6-months inventory supply since August 2012! Buyer Demand continues to outpace Seller Supply!
People that read this article also enjoyed "Home Theater" … (0 comments)

scottsdale real estate: Home Theater: How Much Does It Cost to Install the Components? - 03/11/17 10:41 AM
Home theater have changed over the years. At its core, it includes a high-definition TV, video and stereo equipment, and surround sound. With the nuance of new technology, it can also sync with the internet to get immediate access to favorite TV shows, and movies at the touch of a button. The cost of a home theater varies considerably depending on the components you decide to install. Price ranges for a home theater setup fluctuate with the combination of components to buy, but there are similarities to consider when deciding whether to install a system.
Install Home Theater Wiring or Components … (1 comments)

scottsdale real estate: Thinking About Selling? Do it Today! - Scottsdale Real Estate Arizona Luxury Valley Homes - 03/08/17 10:28 AM
Thinking about Selling? - That headline might be a little aggressive. However, as the data on the 2017 housing market begins to roll in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME!
Thinking About SellingThe February numbers are not in yet, but the January numbers were sensational. Lawrence Yun, Chief Economist for the National Association of Realtors said:
"Much of the country saw robust sales activity last month as strong hiring and improved consumer confidence at the end of last year appear to have sparked considerable interest in buying a home. Market … (0 comments)

scottsdale real estate: The Health Insurance Dilemma - Is One Available Today That Will Work? - 03/07/17 11:45 AM
The House Insurance Dilemma - Federal Employees Health Benefits Program (F.E.H.B.P.) was started in 1959, a few years before Medicare. It was a supermarket offering 300 private health plans.” (Even the right-leaning Heritage Foundation called it “a showcase of consumer choice and free-market competition.”) One may get a sense of its scope and inclusiveness in the way that the Office of Personnel Management, which administers the program, explains it to federal employees. Much of the program promotes the idea that no one can be refused, or charged more, for a preëxisting condition, or that dependents under twenty-six are covered. That might … (0 comments)

scottsdale real estate: Shade - Tuesday Humor - 02/21/17 08:42 AM
 
Jeff Daley is a decorated Vietnam Veteran that supports veterans and veteran issues when possible.
(2 comments)

scottsdale real estate: Rent vs. Buy: Know The Real Cost - ScottsdaleRealEstate.com - 02/17/17 09:36 AM
Rent vs. Buy
Highlights:
Historically, the choice between renting or buying a home has been a close decision. Looking at the percentage of income needed to rent a median-priced home today (30%), vs. the percentage needed to buy a median-priced home (15%), the choice becomes obvious. Every market is different. The information here is from national real estate research. Before you renew your lease again, find out if you could use your housing costs to own a home of your own! From a local perspective Scottsdale real estate can help you with the numbers to make an informed decision.  
"Owning a home … (1 comments)

scottsdale real estate: Shot a Wild Bobcat - With a Camera | Scottsdale Real Estate Arizona - 02/14/17 10:15 AM
Here in North Scottsdale we are blessed with wild life. Deer, Bobcats, Javeline, Coyotes, to mention a few. Most of what we see is within the background of the beautiful Sonoran Desert.
We were so lucky to shoot this elusive Bobcat with a camera (photo) and wanted to share a really cute face with you. 
Working in our Scottsdale real estate home office we have windows that face the Natural Area Open Space (NAOS) and during mid day we spotted a Bobcat walking toward our house toward the pathway along side of our hours. A picture through the window was out of the … (3 comments)

 
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