The first quarter was marked by growing optimism about global growth, particularly with strong data pointing to a recovery in the United States. The stronger than expected growth increased speculation the U.S. Federal Reserve might scale back its aggressive stimulus earlier than planned. Mortgage rates increased .25% during the quarter but would have been much more if the Fed were not buying $40 billion of MBS on a monthly basis. The housing market is clearly on a path to recovery. The chart below shows the number of new housing units authorized by building permits over the last two years. Inventory of homes for sale continues to decrease and sales activity is increasing. At the current sales pace, there are 4.4 months
Verrado, AZ currently has 88 active homes for sale (including those under contract but accepting back up offers), with 5 short sales and 3 bank owned homes listed. There are now 38 pending homes in Verrado, with 7 homes being new construction. Overall, the new construction activity remains brisk, but the numbers continue to show a very strong increase in the resale activity at Verrado. This is good for the resale market overall and has started to translate into an increase in prices for the resale homes.
When looking at sold homes in Verrado, we find a total of 61 homes sold over the last 90 days, with an average closed price of $256,372; which was 98% of the asking price and 72 cummulative days on market. This price was about a $10k drop since
By far, one of the top offenses cited by buyer’s agents was home owners still lingering around when agents arrived with clients to preview the home. Awkward encounters ranged from buyers finding sellers taking a shower, asleep in the bed, to even the “stalker sellers” who liked to follow buyers and the agent all over the home to see what they thought.
With the exception of the “stalker seller,” many of the home owners who were still at home blamed their listing agent for not giving them enough advance notice about the appointment prior.
2. Pets and their messes
Numerous agents also cited the not-so-friendly dog and kitty encounters as a top offense. Even pets left in a crate can pose a
One of the biggest myths in Real Estate is a homes assessed value having a correlation to its present market value.
Unfortunately it is easy to see why the general public is often times confused about this because a number of Real Estate agents fail to educate their clients that there is a big difference. Trust me looking at assessed values is no better than using Zillow.com to figure out what a home is worth!
When the assessed value from the town is higher than what a property is on the market for you will often see Agents writing advertising that says something like the following “Come see this bargain home that is priced $75,000 less than the assessed value”. What this immediately tells me is the Agent either does not know anything about property
We would like to welcome Patricia DeWood to The Cascade Team In Arizona. Originally from Ohio, Patricia is new to real estate, but has a great attitude and a high level of customer service, which will serve her well in this business. She will be focusing on the Glendale and North Phoenix areas.
Real Estate Agents That Offer YOU Local Knowledge & Personal Service
Cascade Team Real Estate agents spend their time serving customers, studying the market and touring homes, so they can provide the most accurate housing market data for their client. This helps you better understand the competitive environment, pricing strategies and provides an edge in the negotiation process. In the end, you
Shannon Woodcock Real Estate Broker 206.484.5330 Schedule a Showing Request More Info
Never before on market~Outstanding quality-constructed rambler with daylight basement sited in the middle of a lovely, pastoral Hollywood Hill acre. 3420+/- square feet of living space w/opportunity to
My career in the Appraisal industry started when I interned while in college nearly 10 years ago. I have become familiar with all aspects of appraising. Including but not limited to, Multi million dollar properties, tax purposes appraisals, estate planning appraisals, Aiding Realtors in pricing properties, acreage properties, water front properties, purposed construction, new construction and condo appraisals. Pat also owns Lead Appraisal
My goal is to establish long lasting, trust worthy, professional relationships with all my clients, to provide them with a service that makes that relationship easy and
This beautiful chart from today's Case-Shiller house price report shows that housing has made a comeback.
Not only were prices around the country up over 8%, but the year-over-year improvement continues to accelerate nicely.
Both the 10 and 20-city composite indices had their highest increases since summer 2006. "This marks the highest increase since the housing bubble burst," according to David Blitzer Chairman of the Index Committee at S&P Dow Jones Indices.
While declining inventory has helped support home prices, housing analysts have said housing is also seeing a "positive feedback loop" i.e. when people think home prices are rising, they believe