“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...]
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 2018: What to Expect
Real Estate 2018: What to Expect As we head into a new year, the most common question we receive is, “What’s the outlook for real estate in 2018?” It’s not just potential buyers and sellers who are curious; homeowners also want reassurance their home’s value is going up. The good news is that a strong U.S. economy, coupled with low unemployment rates, is expected to drive continued real estate … [Read more...]
Real Estate Market Phoenix AZ
The Real Estate Market Phoenix AZ Is good for sellers with low supply of homes for sale and low interest rates. It continues to be more expensive to rent than own a home. This situation is good for homeowners as they see their home values rise and investors who see both their equity and rental income increase. Average Sales Price up 4.3% to $295,800 and Median Prices up 6.6% to $245,000 year … [Read more...]
Real Estate Market Snapshot Greater Phoenix Market Area October 2017
We continue to see a strong seller's market with low supply and low interest rates. Rents continue to increase throughout the valley. It is more expensive to rent than own a home. This situation is good for homeowners as they see their home values rise and investors who see both their equity and rental income increase. Average Sales Price up 4.1% to $291,800 and Median Prices up 5.1% to … [Read more...]
We are in a SELLER’S MARKET! This is a really BIG DEAL!
We are in a SELLER’S MARKET! This is a really BIG DEAL! This means the time it takes to sell a house is shorter and the ability to get top market price is higher. The average market time is less than 68 days from list to close. This is very fast. If you have never sold a house before or it has been quite some time you may not know or remember the discomfort on always having to be ready for … [Read more...]
Real Estate Market Greater Phoenix Market Area Sept 2017
Real Estate Market Greater Phoenix Market Area Sept 2017 We continue to see a strong seller’s market with low supply and low interest rates. Rents continue to increase throughout the valley. It is more expensive to rent than own a home. This situation is good for homeowners as they see their home values rise and investors who see both their equity and rental income increase. Average Sales … [Read more...]
The Consumer’s Guide to Hiring an Amazing Real Estate Agent
When you’re buying or selling a home, it’s crucial to work with a qualified real estate agent. Not just a professional, but an amazing agent and a market expert. So how do you ensure you’re hiring an amazing real estate agent? There are currently more than two million real estate professionals in North America.1,2 According to the National Association of Realtors®, trust and reputation are the … [Read more...]
How to Buy a Home: 7 Tips and Tricks from Real Estate Insiders
No matter if you’re in a buyer’s or seller’s market, there are a few critical steps you can take to make a smarter purchase. Since buying a home is likely the biggest single investment you will ever make, being prepared will help you make a better purchase. Here are our best tips to buying a home. Know your buying power What is your buying power? It is the combination of your … [Read more...]
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