Since the beginning of the Covid-19 pandemic in 2020 and 2021 Real Estate saw double digit appreciation in home values. Mortgage Interest Rates on a 30 year fixed rate reached the lowest level in December 2020 at 2.68% with the annual average rate of 3.11% according to Freddie Mac and 2021 averaged of 2.96%. Rates bounced above and below 3% during this time. Federal Reserve Chairman Powel … [Read more...]
2021 Remarkable Year For Real Estate In The Greater Phoenix Metro Market
2021 Remarkable Year For Real Estate in the Greater Phoenix Metro Market! 2021 Saw the Highest Sales Volume in our history according to ARMLS Statistics. (Arizona Regional Multiple Listing Service) Despite being in the second year of the pandemic our real estate market continued to set records! ARMLS STAT: 2021 in Review. 2021 Remarkable Year For Real Estate "We began 2021 in the throes of a … [Read more...]
Phoenix Real Estate Continues To Set Records In 1st Quarter of 2021
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...]
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...]
Take Advantage of Your Home Equity: A Homeowner’s Guide
Home ownership offers many advantages over renting, including a stable living environment, predictable monthly payments, and the freedom to make modifications. Neighborhoods with high rates of homeownership have less crime and more civic engagement. Additionally, studies show that homeowners are happier and healthier than renters, and their children do better in school.1 But one of the biggest … [Read more...]
5 Steps to Finding Your Next Home
5 Steps to Finding Your Next Home. Whether you’re a first-time buyer or a seasoned homeowner, shopping for a new home can feel daunting. In fact, 56% of buyers said that “finding the right property” was the most difficult step in the home buying process.1 Buying a home is a significant commitment of both time and money. And a home purchase has the power to improve both your current quality of … [Read more...]
National Snapshot: What’s Ahead for Real Estate
National Snapshot: What’s Ahead for Real Estate The U.S. unemployment rate is at a 50-year low, and consumer confidence remains high. In fact, the University of Michigan’s latest Surveys of Consumers found that Americans have their most positive personal finance outlook since 2003.1 However, if you follow national news, you’ve probably heard speculation that we could be headed toward a … [Read more...]
“How’s the Market?” What’s Ahead for Real Estate
While no one can predict the future with certainty, most experts expect to see modest growth in the U.S. housing market for the remainder of this year and next. Inventory will remain tight, mortgage rates will continue to creep up, and affordability will remain a major issue in many parts of the country. So what does that mean for home buyers and sellers? To answer that question, we take a … [Read more...]
Real Estate Relocation Guide: 7 Steps to a Seamless Move
Real Estate Relocation Guide: 7 Steps to a Seamless Move. Whatever your reasons are for relocating to a new area, the process can feel overwhelming. Whether you’re moving across town or across the country, you’ll be changing more than your address. Besides a new house, you may also be searching for new jobs, schools, doctors, restaurants, stores, service providers and more. Of course you’ll … [Read more...]
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