Blog — Lyn Trayte

Your Arizona Realtor For Life

Posts in Phoenix Real Estate

Why This Housing Market Is Not a Bubble Waiting to Pop!!

Why This Housing Market Is Not a Bubble Waiting to Pop!!

The major reason for the housing crash 15 years ago was a tsunami of foreclosures. With much stricter mortgage standards and a historic level of homeowner equity, the fear of massive foreclosures impacting today’s market is not realistic.Today, the demand for homeownership is real. It’s generated by a re-evaluation of the importance of home due to a worldwide pandemic. Additionally, lending standards are much stricter in the current lending environment. Purchasers can afford the mortgage they’re taking on, so there’s little concern about possible defaults.

On the Fence of Whether or Not to Buy a Home This Spring?

On the Fence of Whether or Not to Buy a Home This Spring?

If you’re thinking of selling your house, it may be because you’ve heard prices are rising, listings are going fast, and sellers are getting multiple offers on their homes. But why are conditions so good for sellers today? And what can you expect when you move? To help answer both of those questions, let’s turn to the data.

Balancing Your Wants and Needs as a Homebuyer Today

Balancing Your Wants and Needs as a Homebuyer Today

Crafting your home search checklist may seem like a small task, but it can save you time and money. It’s also one of the keys to being successful in today’s competitive market.

What's Happening With Mortgage Rates, and Where Will They Go From Here?

What's Happening With Mortgage Rates, and Where Will They Go From Here?

Based on the Primary Mortgage Market Survey from Freddie Mac, the average 30-year fixed-rate mortgage has increased by 1.2% (3.22% to 4.42%) since January of this year. The rate jumped by more than a quarter of a point from just a week ago. Paying a higher price for a home and a higher mortgage rate can be a difficult pill to swallow. However, waiting will just cost you more. If you’re ready, willing, and able to buy a home, now will be a better time than a year, or even six months from now.

A Key to Building Wealth is Homeownership

A Key to Building Wealth is Homeownership

The link between financial security and homeownership is especially important today as inflation rises. But many people may not realize just how much owning a home contributes to your overall net worth.

What You Can Expect from the Spring Housing Market

What You Can Expect from the Spring Housing Market

As the spring housing market kicks off, you likely want to know what you can expect this season when it comes to buying or selling a house. While there are multiple factors causing some uncertainty, including the conflict overseas, rising inflation, and the first rate increase from the Federal Reserve in over three years — the housing market seems to be relatively immune.

Here’s a look at what experts say you can expect this spring.

Are You Wondering if this is the Year to Buy a Home?

Are You Wondering if this is the Year to Buy a Home?

Every year, many renters ask themselves the same question: Should I continue renting, or is it time to buy a home? If you’re a renter, chances are you’ve asked yourself that question at least once, and it’s likely because you’ve faced an increase in your monthly housing costs over time. To make an informed and powerful decision, the first step is understanding what’s happening in today’s housing market so you can determine which option is the better long-term financial decision for you

Key Factors that Impact Affordability

Key Factors that Impact Affordability

To find out more about affordability in our local area, let’s discuss where home prices are locally, what’s happening with mortgage rates, and get you in contact with a lender so you can make an informed financial decision. Remember, while less affordable, homes are not unaffordable, which still gives you an opportunity to buy today.

How Global Uncertainty is Impacting Mortgage Rates

How Global Uncertainty is Impacting Mortgage Rates

Mortgage rates are an important piece of the puzzle because they help determine how much you’ll owe on your monthly mortgage payment in your next home. Let’s connect so you have up-to-date information on rates and trusted advice on how to time your next move.

Are Home Prices Continuing To Rise?

Are Home Prices Continuing To Rise?

“If you’re thinking about waiting until next year and that maybe rates are higher, but you’ll get a deal on prices – well that’s risky. It may be more advantageous to purchase this year relative to waiting until 2023 at this time.”

An Expert Advisor Will Give You the Best Advice in Today’s Market

An Expert Advisor Will Give You the Best Advice in Today’s Market

Having an experienced guide coaching you through the process of buying or selling a home is important in a normal market – but today’s market is far from normal. As a result, an expert real estate advisor isn’t just good to have by your side, they’re essential.

Down Payment Assistance Programs Can Help You Achieve Homeownership

Down Payment Assistance Programs Can Help You Achieve Homeownership

If saving for a down payment seems daunting, there are programs available that can help. And if you work to serve our community, there may be even more opportunities available to you.

The #1 Reason to Sell Your House NOW!!!

The #1 Reason to Sell Your House NOW!!!

Almost every industry is currently struggling with supply chain disruptions. This also applies to the current U.S. housing market, where buyer demand far exceeds housing supply.

Real Estate Voted the Best Investment Eight Years in a Row

Real Estate Voted the Best Investment Eight Years in a Row

Housing truly is a strong investment, especially when inflation is high. When you lock in a mortgage payment, you’re shielded from housing cost increases, and you own an asset that typically gains value with time.

4 Simple Graphs Showing Why We Are Not in a Housing Bubble

4 Simple Graphs Showing Why We Are Not in a Housing Bubble

If you’re worried that we’re making the same mistakes that led to the housing crash, the graphs above show data and insights to help alleviate your concerns.

Are You Ready to Fall in Love with Homeownership?

Are You Ready to Fall in Love with Homeownership?

There are so many reasons to fall head over heels for homeownership. Your home will provide a place to customize and call your own, in addition to stability and security. If you’re ready to fall in love with homeownership, let’s connect so you can get started on your homebuying journey today.

The Path to Homeownership Can Be Steeper for Some Americans

The Path to Homeownership Can Be Steeper for Some Americans

As we celebrate Black History Month, we honor and recognize the past and present experiences of Black Americans. A significant part of this experience is investing in a home of their own. While equitable access to housing has come a long way, the path to homeownership is still steeper for households of color. It’s an important experience to talk about, along with how working with the right real estate experts can make all the difference for diverse homebuyers.

Don't Let Student Loans Delay Your Home Ownership Dream!

Don't Let Student Loans Delay Your Home Ownership Dream!

If you’re worried your student loans mean you have to put your homeownership goals on hold, you’re not alone.The best way to make a decision about your goals and next steps is to talk to the professionals. A real estate advisor can walk you through your specific situation, your options, and what has worked for other buyers like you. They can also connect you with other professionals in the industry who can help. You don’t have to figure this out on your own – lean on the experts so you have the information you need to make an informed, confident decision.

Owning Is More Affordable Than Rent

Owning Is More Affordable Than Rent

While it’s true home prices and mortgage rates are rising, so are monthly rents. If you’re weighing your options between renting and buying, it’s important to look at the full picture

Buyers Want to Know: Why is Housing Supply Still So Low?

Buyers Want to Know: Why is Housing Supply Still So Low?

While low inventory in the housing market isn’t new, it’s a challenge that continues to grow over time. If you’re planning to buy this year, the key to success will be patience given today’s low inventory.