home prices: Going Up! 1st, 2nd, 3rd, 4th Floors for Real Estate - 06/13/22 04:55 PM
Going Up! The elevator ride for home purchases that is...(Elevator Photo: Markus Crist from Pixabay)
First Floor: Home Prices have reached a median record high of $475K in May 2022 within the Phoenix metro area which is more than double from 5 years ago (Pixabay)
Second Floor: Mortgage Rates have increased from 3+% in December to 5+% in June. The Fed has announced more hikes are coming (Pixabay(
Third Floor: Inflation for Home improvement fix up costs at Home Depot. Inflation is up to 8% so far in 2022. (photo: Foto-Rabe from Pixabay)
Fourth Floor: Gasoline to commute to work (Hint Live closer or work from home. … (3 comments)

home prices: What's UP in Real Estate For June 2022 - 06/03/22 09:31 AM
What is UP and the latest news in the US real estate market for June 2022? Check here for the always updated topics and full stories that real estate experts are talking about. See the latest information on real estate issues. What is the latest on Mortgage Rates, Home Prices, Home Makeovers, Finding Money For Down Payment and more? See the answers here and for more great stories see on Realtor.com: Real Estate News from Realtor.com (Image News: Gerd Altmann from Pixabay)
What's Up in Real Estate?
What is up with the future of housing in the US and other real estate industry news?
Top Headlines this Week from Real Estate … (0 comments)

home prices: Slowing in Phoenix Metro Home Price Increases? - 06/02/22 03:57 PM
Is a slowing in the string of all time record Phoenix metro median high SOLD prices ready to start slowing with rising mortgage rates? Well, maybe not quite yet as May 2022 is expected to be another all time high with sold prices of $475,000. Don't expect a reduction from the median of $475K soon and in fact it may increase further in June for homes that went under contract in May. (Photo from City of Phoenix Parks and Recreation website: Dobbins Lookout Point South Mountain)
However there are signs that a slowing (not a downturn) of home prices may be approaching. … (0 comments)

home prices: Active + Comps: Homes in McCormick Ranch Scottsdale - 05/11/22 10:23 PM
Here are the current and updated daily ACTIVE and recently SOLD or Comparable (Comp) homes for sale in one my favorite places, McCormick Ranch in Scottsdale Arizona. Save this link for the always current active and comps. When you are ready to buy or sell your McCormick Ranch home give me a call.
McCormick Ranch in Scottsdale Arizona Comps of Detached Homes (Sold, Pending, Active)....Updated Daily!
Comps for McCormick Ranch Scottsdale on MLS updated daily for FULL PAGE view. Also, create your own FREE MLS SEARCH Portal in Arizona
For more information about the first multi builder Property Association in the US and the history of McCormick Ranch … (3 comments)

home prices: Where will 2024 Home Prices and Mortgage Rates Be? - 05/10/22 10:15 AM
Have you contemplated what home prices and mortgage rates will be in 2 years from now or 2024? Not clearly coming into focus? (Photo: Crystal Ball by BrandeePember Pixabay)
I have a feeling home prices and mortgage rates will be both higher than they are now. Home Buyers will be saying....oh ONLY if we had purchased back in 2022.
Those that have purchased a home during the past year have made a great investment and their wealth is still growing and their monthly payments are LOCKED IN with home prices, mortgage rates and overall inflation increasing.
In fact, actual families that have purchased a … (0 comments)

home prices: Have YOU Always DREAMED of Owning a Home? - 05/05/22 10:21 AM
Have you DREAMED of owning your own home since you were a child? Well, for those that have dreamed AND taken action have seen their Phoenix area homes double in price during the past 5 years. Home ownership is also the American dream and a chance to build equity and see your home appreciate. May be time to STOP DREAMING and stop procrastinating or putting it off any longer by giving me a call or text at 480-242-6500 for Homes For Sale in Phoenix Metro. (Dreaming photo- SkitterPhoto from Pixabay)
Metro Phoenix’s median home price should hit another record $470,000 in April … (0 comments)

home prices: Looking? Sunday's Phoenix Metro Homes For Sale on MLS - 05/01/22 09:06 AM
Looking out over the the city to see this Sunday's Homes For Sale in Phoenix Metro area in Arizona on the MLS? Also see what are the home prices in this always up to date list on the MLS. You have come to the right place. I am pleased to help you as your Buyer's Realtor and find you the right home at the right price for your family's needs. (Photo: Phoenix Metro view from South Mountain Lookout Point)
Current Homes For Sale (Detached Single Family) For Sale in Phoenix Metro
See Homes For Sale in Phoenix Metro including Scottsdale (single family detached) always up … (4 comments)

home prices: Latest Phoenix Metro Home Prices in Arizona - 04/27/22 10:28 PM
Are you ready to move...think about the sunny Phoenix metro in Arizona? Yes prices are on the rise but mortgage rates of 5% are closer to historic lows than highs. Both home prices and mortgage rates are expected to rise in 2022. See what is for sale now.
Home Prices Active For Sale (Detached Single Family) in Phoenix AZ Metro
See Homes For Sale in Phoenix Metro including Scottsdale (single family detached) on FULL PAGE view and create your own MLS Search Portal
Median House Prices Last 3 Years in Phoenix Arizona Metro
$455,000 March 2022
$427,000 December 2021
$333,000 December 2020
$290,000 December 2019
Per Catherine Reagor of the Arizona Republic, January 25, … (2 comments)

home prices: What's Up in Real Estate For April 2022? - 04/26/22 11:08 AM
What is UP and the latest news in the US real estate market for April 2022? Check here for the always updated topics and full stories that real estate experts are talking about. See the latest information on real estate issues. What is the latest on Mortgage Rates, Home Prices, Secrets to Buy a Home, Finding Money For Down Payment and more? See the answers here and for more great stories see on Realtor.com: Real Estate News from Realtor.com (Photo: Rocket Launch by Wikilmages from Pixabay)
What's Up in Real Estate?
What is up with the future of housing in the US and other real estate industry news?
Top Headlines … (0 comments)

home prices: Waiting to Buy Home? Prices + Mortgage Rate Rising - 04/08/22 01:05 PM
Waiting to Buy a Home until next year? Experts predict home prices and mortgage rates will be higher in 2023 than they are now. Do not expect lower home prices and mortgage rates next year. (Photo: Waiting Engin_Ayurt Pixabay)
A Home Buyer that waits until next year will have higher prices locked in over a 30 year mortgage than they will have if they buy a home this year. Renting instead? Rents have been rising and are expecting to rise further with inflation and population increases due to immigration to the US and even more so in the Sun Belt states with … (1 comments)

home prices: Spend More Buying Home...Less on Thrifty Furnishings - 03/17/22 05:50 PM
Home prices are going up. So maybe think about spending more on the home itself and spending less on furnishings. How about furnishing home for $3,000? OK OK, furnishing an entire home for less than $3,000 is impossible you say? Well here Larissa Runkle published in Realtor.com on Jnuary 3, 2022 shows how she actually did it. 
"How I Furnished My Entire Home for Less Than $3K: 6 Thrifty Tips in 
Furnishing a home. Whether you’re a new homeowner or you’ve moved to larger digs—can be a time- and budget-consuming struggle, especially if you want quality pieces that aren’t made of plasterboard and … (0 comments)

home prices: Home Prices DOUBLED in 5 Years: Phoenix AZ Metro - 03/02/22 12:07 PM
Home prices have about DOUBLED since 5 years ago in the Phoenix Arizona metro including Scottsdale. Per Catherine Reagor in the Arizona Republic on February 27, 2022, "Metro Phoenix's median home price is on track to hit $460,000 in April, double what it was five years ago." (Photo Hands: skalkar1992 by Pixabay)
Median House Prices Last 3 Years in Phoenix Arizona Metro
$427,000 December 2021
$333,000 December 2020
$290,000 December 2019
Further, Catherine Reagor of the Arizona Republic had previously reported on January 25, 2022, "The Valley’s housing market isn’t expected to be as frenzied as it was in 2021, but prices are on track to … (0 comments)

home prices: Housing Market Stuck? Why Buyers in a Rush & Sellers Won’t Budge - 02/17/22 05:27 PM
Is the Housing Market Stuck? Why Buyers Are in a Rush—and Sellers Just Won’t Budge (Ant Stuck photo: sebiningiingga from Pixabay)
I have seen it personally this past year. A hopeful buyer client of mine signs and submits with trembling hand a contract over the list price and increases their down payment from the FHA minimum of 3.5% to 10% (big for them as they were going to use the money to fix up the house). What happened? 20+ contracts received with most over list price and about 1/3 in cash or 20+% down payments. What is going on?
"The tough housing market … (2 comments)

home prices: Hot Hot Hot! Not Phoenix AZ Temps but Home Sales! - 01/25/22 04:45 PM
Hot Hot Hot! is a phrase often used to describe the Sunny Phoenix Arizona metro area but that is not what I am referring to. I mean Home Prices and Home Sales and demand is RED HOT in the Phoenix metro!
My last 3 contracts representing buyers in the highly in demand less than $400K homes price were all up against 20 to 35 other contracts from other buyers that we had to deal with.  Buyers with cash, best price (usually above list price),  fastest move in are getting many of these properties which means that families with a mortgage loan are … (1 comments)

home prices: The REAL Driver to Buying A Home - 11/19/21 01:33 PM
What is the REAL Driver to Buying a Home? Buying a home is still the American Dream. (Photo: Adiana Voicu- Pixabay)
Many say the "Driver" is home prices, others say the mortgage rate, but the real answer is JOBS. Take a look at this report from Mortgage Market Guide.
Living in Scottsdale and the Phoenix Arizona Metro Area 
Jeff Masich discusses Phoenix and Scottsdale Arizona  area living and real estate
 
Meet Jeff Masich, REALTOR® in Scottsdale Arizona 
For a free MLS search and more Scottsdale homes or Arizona Homes and Land for sale just ask Jeff Masich, he would be pleased to help you sell your home or find … (2 comments)

home prices: What's UP in Real Estate for September 2021? - 09/19/21 08:12 PM
What is UP and the latest news in the US real estate market for September 2021? Check here for the always updated topics and full stories that real estate experts are talking about. See the latest information on real estate issues. Where are Mortgage Rates? See the answers here and for more great stories see on Realtor.com: Real Estate News from Realtor.com 
 
What's Up in Real Estate?
What is up with the future of housing in the US and other real estate industry news?
 
Top Headlines this Week from Real Estate News from Realtor.com
 
1.  Mortgage Rates Remain Near Record Lows
2.  Are Real Estate Markets Moving Towards Normalization?
3.  Supreme Court Rules to … (1 comments)

home prices: US Home Prices have Risen for 40 Straight Quarters - 09/09/21 09:50 PM
"The country has seen 40 consecutive quarters in which home prices have risen. Notably, prices rose in every state nationwide, led by Idaho, Utah, Arizona, Montana and Rhode Island" per Jacob Passy in a Aug 31, 2021 MarketWatch posted on  Realtor.com. Further he says, "A separate quarterly house price index from the Federal Housing Finance Agency showed that home prices rose nearly 5% between the first and second quarters of 2021. 
 
Mr. Passey further stated, "The intense competition for homes in recent months — fueled, in part, by low mortgage rates and a lack of housing inventory — translated into steadily rising … (0 comments)

home prices: Latest 3 + Car Garage Phoenix AZ Metro Homes For Sale - 06/18/21 08:39 AM
Do you have to have or GOTTA HAVE a 3+ Car Garage? I don't blame you one bit. Here are the latest 3+ Car Garage Homes For Sale in the Phoenix Arizona Metro area including Scottsdale Arizona on the MLS and always up to date. 
 
The preference for additional and larger garages has inccreased with the generations. Back in the  1950s most people had a 1 car garage or none and In the 1980s two car garages were the thing, next In the 2000s, 3 car garages and now In the 2020s,  3+ Car garage and an RV parking garage, gate, out building or guest house are in. Time moves on.
 
3+ Car Garage … (2 comments)

home prices: Real Estate A GROWTH Industry During Pandemic - 05/09/21 08:52 PM
The US way of conducting life and business has changed recently with the Pandemic of 2020-21. My businesss is real estate and it is certainly affected what I am seeing compared to last last year. Catherine Reagor of the Arizona Republic reported that sales in the Phoenix metro are expected to average about $374,300 when April numbers are finalized based on pending sales, the highest on record!
 
Prices, as reported by Reagor, in the Phoenix metro for real estate have gone up 25% in one year! 
 
We all have heard that certain types of industries are economic downturn or depression resitant and that … (2 comments)

home prices: American Dream? You Got It! ...Buy Your Own Home - 03/07/21 09:32 PM
The American Dream? What do you think it is? You GOT IT...Buy your own home! (Photo: Michelle Bryant Pixabay)
America is great in so many ways. Anyone can become President, Inventor, Athlete, Astronaunt, Doctor and accomplish their dreams of doing. However there is another dream of family and raising the next generation.
 
If you had to take the most common characteristic of an American, what would that be?
A Homeowner! The American Dream
That is right! A homeowner or the desire to be one someday is the American Dream. RISMEDIA reports that 67% of Americans live in owner occupied homes.
 Home Sweet … (2 comments)

 
Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell (HomeSmart Real Estate)

Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI

Arizona Homes and Land Group/ Buy or Sell

Scottsdale, AZ

More about me…

HomeSmart Real Estate

Address: 10601 N. Hayden Road, Suite I-100, Scottsdale, AZ, 85260

Mobile: (480) 242-6500

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