purchasing power: So Just How Fast Are Homes Selling In The Market Today?
- 09/08/21 06:02 PM
So Just How Fast Are Homes Selling In The Market Today?We're seeing an average time on market of about 25 days right now for homes in the valley. This still puts us in a seller's market - but buying is still a smart move as equity is still expected to rise over the next few years. Don't get scared that home prices are the highest they've ever been; the good news is purchasing power is also at its highest with low interest rates! Experts predict the equity in Arizona still has about 10% room to grow before leveling off over the … (0 comments)
purchasing power: Cash In On The Sale Of Your Home While Equity Is Rising!
- 09/08/21 06:02 PM
Cash In On The Sale Of Your Home While Equity Is Rising!The numbers are in, and equity keeps going up. While new supply of homes for sale slowly comes onto market, making the increase in housing pricing slow - equity is still on the climb. In fact, home pricing is expected to grow just a bit more over the next 5 years. The good news is the purchasing ability of buyers is also at an all time high right now with super low interest rates. This means selling and buying is a smart move and will continue to pay off in … (0 comments)
purchasing power: Thinking Of Buying A Home? Do It Soon Before Home Prices Go Up!
- 10/15/19 07:48 PM
Thinking Of Buying A Home? Do It Soon- Home Prices Might Go Up In The Next 12 Months! With significant cost inflation and very high demand related to supply, home prices could see big increases over the next 12 to 18 months. Jim Belfiore, regional real estate expert and president of Belfiore Real Estate Consulting, said the Phoenix housing market could see a 10 percent increase in existing home values which is currently at a median price below $281,000. New home prices which has a current median price of $325,000 could also possibly rise at the same rate. A 10 percent increase to … (1 comments)
For the fifth time since December 2015, the Federal Reserve has raised the funds rate Wednesday, December 13th, by 25 basis points. There has already been a steady increase to interest rates prior but this move by the Fed now puts the average 30-year fixed-rate mortgage to about 4.08 percent. While this might mean, say, a $10 to $11 hike on your next monthly payment for your $50,000 home equity line of credit, it might push you to evaluate your options especially when you consider that we've come … (1 comments)
purchasing power: The Longer You Wait, The More You'll Miss Out On Your Dream Home!
- 03/30/17 07:49 PM
The Longer You Wait, The More You'll Miss Out On Your Dream Home! Right now we're enjoying a period of historically low mortgage interest rates. It's no secret that they will be going up; the big question is when will they go up. And if they do, what does this exactly mean for you and your dream home? Let's say you have your eye on purchasing a home priced at $250,000. However, instead on jumping on the chance to buy your dream home, you bide your time in hopes that mortgage interest rates decline further. But they don't and a .25% interest rate … (2 comments)
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Shanna Day Team Leader AZ & UT - Call 480-415-7616
So Just How Fast Are Homes Selling In The Market Today?We're seeing an average time on market of about 25 days right now for homes in the valley. 
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