affordability: Key Factors That Impact Affordability Today - 03/10/22 12:14 PM
You can’t read an article about residential real estate without the author mentioning the affordability challenges that today’s buyers face. There’s no doubt homes are less affordable today than they were over the last two years, but that doesn’t mean homes are now unaffordable.
There are three measures used to establish home affordability: home prices, mortgage rates, and wages. Let’s look closely at each of these components.
1. Home PricesThe most recent Home Price Insights report by CoreLogic shows home values have increased by 19.1% from last January to this January. That was one reason affordability declined over the past year.
2. Mortgage RatesWhile the current global uncertainty makes it … (2 comments)

affordability: How to Understand the Real Estate Market - 11/06/19 06:59 PM
Top-earning real estate agents have one thing in common – they know their local real estate market. Ask them any questions about the area, and they can answer it – or at least they know where to go to find the answer. If you want to make it in real estate you have to know the ins-and-outs of the local market place. Including the following:
 Basic factors, forces and principles that shape the area economy.
 To obtain marketplace data, to ensure you have the most current information at your fingertips.
 How to use that knowledge to benefit the client.
There … (1 comments)

 
Tamra Lee Ulmer, NRBA ~FORCE~ Over 1000 REO Assets SOLD! (Arizona Resource Realty)

Tamra Lee Ulmer

NRBA ~FORCE~ Over 1000 REO Assets SOLD!

Payson, AZ

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Arizona Resource Realty

Office: (928) 474-2550

Mobile: (480) 442-8617



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