It’s clear that consumers are concerned about how quickly home values are rising. Many people fear the speed of appreciation may lead to a crash in prices later this year. In fact, Google reports that the search for “When is the housing market going to crash?” has actually spiked 2450% over the past month. If you’re concerned about making the decision to buy or sell right now, let’s connect to discuss what’s happening in our local market.
Read MoreMany people are sitting on the fence trying to decide if now’s the time to buy a home. Some are renters who have a strong desire to become homeowners but are unsure if buying right now makes sense. Others may be homeowners who are realizing that their current home no longer fits their changing needs.
To determine if they should buy now or wait another year, they both need to ask two simple questions:
Do I think home values will be higher a year from now?
Do I think mortgage rates will be higher a year from now?
Let’s shed some light on the answers to these questions.
Read MoreLast week’s Existing Home Sales Report from the National Association of Realtors (NAR) shows sales have dropped by 3.7% compared to the month before. This is the second consecutive month that sales have slumped. Some see this as evidence that the red-hot real estate market may be cooling. However, there could also be a simple explanation as to why existing home sales have slowed – there aren’t enough homes to buy. Living through a pandemic has caused many to re-evaluate the importance of a home and the value of homeownership. The residential real estate market will benefit from both as we move forward.
Read MoreIn a recent article, Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), discussed the state of today’s housing market.
When addressing whether or not today’s high buyer competition and rising home prices are evidence of a housing bubble, Yun said that this “is not a bubble. It is simply lack of supply.”
Today’s housing market is healthy, and rising prices are driven by real buyer demand. Let’s connect to talk about the best ways to navigate such an energetic market.
Read MoreThe idea of homeownership as a direct way to build your net worth has met the test of time. Let’s connect if you’re ready to take steps toward becoming a homeowner.
Read MoreSaving for a down payment can seem like a daunting task, but it doesn’t have to be. This year, your tax refund and your stimulus savings could add up big when it comes to reaching your homeownership goals.
Read MoreContrary to what you may think, right now, the housing market is full of outstanding opportunities for BOTH buyers and sellers. Whether you’re thinking of buying your first home, moving up to a bigger one, or selling so you can downsize this spring, there are perks today that are powering big moves for people across the country. Let’s connect today to discuss how these favorable conditions play to your advantage in our local area.
Read MoreThe record-low supply of homes for sale coupled with very strong buyer demand is leading to a rise in bidding wars on many homes. Because of this, homes today often sell for more than the list price. In some cases, they sell for a lot more. Someone who’s more familiar with the housing market of the past than that of today may think offering more for a home than the listing price is foolish. However, frequent and competitive bidding wars are creating an auction-like atmosphere in many real estate transactions. Let’s connect so you have the best advice on how to make a competitive offer on a home in our local market.
Read MoreToday’s competitive market makes it more important than ever to make a strong offer on a home. Let’s connect to make sure you rise to the top along the way.
Read MoreWith home prices rising before our eyes, many are concerned that we’re making the same mistakes that led to the housing crash, take a look at the charts and graphs in this article to help alleviate your fears.
Read MoreYes, it is a strong Seller's Market which put's Sellers in a great position to sell. With homes selling twice as fast as they did last year at this time, getting multiple offers, and rising in price, homeowners are in the driver’s seat. However, increased demand and less supply also means home equity is continuing to rise for buyers who fight to become homeowners….so it is not a losing proposition for you either.
If you are a buyer dealing with the frenzy and thinking you’ll wait until this settles down and prices start dropping - it will be a long wait and you will lose your equity advantage and interest rate levels, as both continue to rise. THE BEST TIME TO BUY IS IN A SELLER’S MARKET!!!
Whether a buyer or a seller, let’s connect today if you’re ready to learn how my experience can help you in today’s hot housing market #helpfulagent #trustedadvisor #homevalues #phoenixmarket #seller #homebuying #buyersfrenzy #homeequity
In today’s housing market, it seems harder than ever to find a home to buy. Before the health crisis hit us a year ago, there was already a shortage of homes for sale. When many homeowners delayed their plans to sell at the same time that more buyers aimed to take advantage of record-low mortgage rates and purchase a home, housing inventory dropped even further. Experts consider this to be the biggest challenge facing an otherwise hot market while buyers continue to compete for homes.
Read MoreMortgage interest rates have dropped considerably over the past year, and compared to what we’ve seen in recent decades, it’s a great time to buy a home.
Locking in a low rate today could save you thousands of dollars over the lifetime of your home loan, but these low rates may not last forever.
If you’re in a position to buy a home, let’s connect to determine your best move in today’s housing market while interest rates are still in your favor.
Read MoreThe average 30-year fixed-rate mortgage hit a record low over a dozen times in 2020 and the low interest rate environment is projected to continue through this year. We expect interest rates to average below 3% through the end of 2021. While this is a modest rise from 2020 averages, the recent vote by the Federal Reserve to keep interest rates anchored near zero should keep rates low.
Read MoreThere are so many great reasons to purchase a home, and over the past year, we’ve realized more of them than we ever thought possible. If you’re a first-time homebuyer, having a home of your own can give you a greater sense of security and accomplishment in a time that’s largely uncertain. If you’re a repeat buyer looking for your dream home, making a move might give you the space or features you need to find greater success and happiness in a new normal way of life. Whatever your motivations are, here are three reasons why becoming a homeowner now may help you win big in the long run.
Read MoreThe benefits of homeownership go well beyond the basics. Homeownership is truly a way to build financial freedom, find greater satisfaction and happiness, and make a substantial impact in your community. If owning a home is part of your dream this year, let’s connect so you can begin the homebuying process today.
Read MorePhoenix area housing is at an all time low, with the over 350 people moving to the Valley PER DAY creating mass demand. As a result, prices are rising at an amazing rate....in some areas 17-20% over the previous year. This is causing many people to believe we are in a bubble, reminiscent of what we experienced in 2005-6, and headed towards another Real Estate bust. That is not the case. Read on to find out why not,k and contact me to see how you can take advantage of this market and why now is the time to buy or sell.
Read MoreRealtors are your source for Market information but we don’t know everything. Contrary to popular belief, we don’t have crystal balls. We can make some predictions by knowing the latest statistics and staying current with our education and our market knowledge. If you want a Realtor who can advise you to the best of her ability - contact me and lets see how I can help.
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