Phoenix Real Estate continues to set Records in 1st Quarter of 2021. Sales of residential real estate outpaces 2020, which was an exceptional year for real estate. Our market is blustering hot! "What is causing this blistering feat? We need to look no further than hysterically low inventories, where active listings (excluding UCB *Home under contract accepting backup offers and … [Read more...]
Greater Phoenix Metro Area Real Estate Market News
“I’m a greater believer in luck, and I find the harder I work the more I have of it,” Thomas Jefferson Years ago, until I was in the market to buy my first home I was not paying attention to real estate prices, inventory or interest rates. Once I became an active buyer I was very aware of what was happening in my local market. Shortly after I bought my first home I became a real estate … [Read more...]
2020 Remarkable Year For Real Estate In Phoenix Market! What’s Next in 2021
2020 Remarkable Year For Real Estate In Phoenix Market exceeding all expectations! Despite all the challenges we faced the year was transformed into the most successful sales year in ARMLS history. (Arizona Regional Multiple Listing Service) "A strong first quarter was followed with a 27.1% year-over-year drop in sales volume in April and a 33.7% drop in May. Historically, April and May are in … [Read more...]
Mortgage Loan Limits Increase for 2021
Mortgage Loan Limits for FHA, Conventional and VA Loans Increase for 2021 "Quick update..., we got word that FHA loan limits increased for 2021! Great news for all of... clients with champagne taste and beer budgets! They can now use FHA financing, with a minimum of 3.5% down, to purchase a home for $381,347! (Maricopa and Pinal Counties Arizona Max Mortgage Limit $368,000) Whoo hoo!!! A … [Read more...]
The New Normal: A Strong Housing Market Expected to Continue into 2021
“2020 will be known for a lot of things, and a record-breaking year for real estate will certainly be one of its more unexpected legacies,” prominent economist Daryl Fairweather said.1 And he’s right: most of us would have expected the housing market to suffer from circumstances like a once-in-a-hundred-years pandemic and historic inventory shortages. But, rather than a slowdown, we are … [Read more...]
Move-Up vs. Second Home: Which One Is Right For You?
The pandemic has changed the way many of us live, work, and attend school—and those changes have impacted our priorities when it comes to choosing a home. According to a recent survey by The Harris Poll, 75% of respondents who have begun working remotely would like to continue doing so—and 66% would consider moving if they no longer had to commute as often. Some of the top reasons … [Read more...]
Rental Information and Guidelines
Basic Qualifications Landlords and Property Managers Check Information Common to Rental Applications What to expect in Fees Associated with Renting a Home Where to Get Your Credit Reports Renting with Pets Resources: Landlord Tenant Act & Arizona Tenant Advisory Qualifications for Tenants Credit Checks and Background Checks Will Generally Be Run on All Applicants over … [Read more...]
Lowest Mortgage Rates in History: What It Means for Homeowners and Buyers
Lowest Mortgage Rates in History: What It Means for Homeowners and Buyers In July, the average 30-year fixed-rate mortgage fell below 3% for the first time in history.1 And while many Americans have rushed to take advantage of this unprecedented opportunity, others question the hype. Are today’s rates truly a bargain? While average mortgage rates have drifted between 4% and 5% in recent years, … [Read more...]
Add Value To Your Home With These 9 DIY Improvements
Whether you’re prepping your house to go on the market or looking for ways to maximize its long-term appreciation, these nine home improvement projects are great ways to add function, beauty, and real value to your home. The best part is, once you’ve secured the materials, most of these renovations can be completed over the course of a weekend. And they don’t require a lot of specialized skills … [Read more...]
20 Ways to Save Money and Stretch Your Household Budget
20 Ways to Save Money and Stretch Your Household Budget These days, it seems like everyone’s looking for ways to cut costs, save money and stretch their income further. Fortunately, there are some simple steps you can take to reduce your household expenses without making radical changes to your standard of living. When combined, these small adjustments can add up to significant savings each … [Read more...]
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