Blog — Lyn Trayte

Your Arizona Realtor For Life

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.

Where are Mortgage Rates Headed?

Where are Mortgage Rates Headed?

While no one knows exactly where rates are headed, experts do think they’ll continue to rise in the months ahead. In the meantime, if you’re looking to buy a home, know that rising rates do have an impact. As rates rise, it’ll cost you more when you purchase a house. If you’re ready to buy, it may make sense to do so sooner rather than later.

2022 Housing Market, Buyers, Home Buying, Mortgage Rates, Mortgage, Rental Rates, Real Estate StatisticsLyn TrayteApril 14, 2022Mortgages, Mortgage Rates, Affirdbility, Interest Rates Forecast, Rising Interest Rates, Buyers, Home Buying, Phoenix Market, Phoenix StatisticsComment

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.

The Future of Home Price Appreciation

The Future of Home Price Appreciation

If you’re trying to decide whether to buy now or wait, the key is knowing what’s expected to happen with home prices. Experts say prices will continue to climb in the years ahead, just at a slower pace. So, if you’re ready to buy, doing so now may be your best bet for your wallet. It’ll also give you the chance to use the future home price appreciation to build your own net worth through rising equity.

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.

The Average Homeowner Gained

The Average Homeowner Gained

If you’re a current homeowner, you should know your net worth just got a big boost. It comes in the form of rising home equity. Equity is the current value of your home minus what you owe on the loan. Today, you’re building that equity far faster than you may expect – and this gain is great news for you.Equity can be a real game-changer if you’re planning to make a move.

Lyn TrayteMarch 21, 2022Home Buying, Home BUying Forecast, Home Ownership, Home Values, Home Equity, Phoenix Market, Phoenix Real Estate, Phoenix Home Selling, Home Selling, Helpful Agent, Phoenix Real Estate Forecat, Sellers Market, Seller, BuyersComment

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.

Want Top Dollar for Your House? Now is the Time to LIst It!

Want Top Dollar for Your House? Now is the Time to LIst It!

When you’re selling any item, you usually want to sell it for the greatest profit possible. That happens when there’s a strong demand and a limited supply for that item. In the real estate market, that time is right now.