Found 84 blog entries tagged as real estate.

price to sell, not to linger

Dangers of overpricing your house.

When you decide to sell your home, it is critical to set the right price.

A real estate agent can help guide you in determining a fair market value for your home, but it is important that you understand what are the risks of overpricing your house.

  1.        Longer time on the market: If a home is priced significantly higher than similar properties in the area, it may take longer to sell, causing the property to sit on the market for an extended period. Often this results in potential buyers becoming suspicious of its value, or wondering what is wrong with the house and discourage them from making an offer.
  2.        Decreased interest: Overpricing a home can lead to decreased…

185 Views, 0 Comments

Read Full Post

House hunting in a desert.

Successfully buying in a low-inventory market.

We are experiencing a low inventory of homes for sale in the Phoenix area, as supply is below normal for this time of year, and there are more buyers than properties for sale.

Navigating the real estate market as a buyer when there is low inventory can be challenging, but there are strategies you can use to increase your chances of finding the right property:

  1.        Hire a good real estate agent: A good real estate agent will make your life 100% easier. They can help you navigate the market, provide you with inside information about new listings, and help you make competitive offers that stand out. And remember, all this experience comes free to you, as it is the…

1300 Views, 0 Comments

Read Full Post

Looking for a home in sought-after Palm Valley?

Make this house with a backyard oasis yours.

Welcome to this stunning home in Palm Valley, Goodyear, boasting 4 bedrooms, 3 bathrooms, a loft, and a generously sized bonus room with built-in bar. Step into the captivating open-concept main living area, highlighted by a spacious chef's kitchen. The kitchen features upgraded cabinets, granite countertops, a convenient R/O system, stainless steel appliances, pendant lighting, and an attractive tile backsplash. Discover ultimate comfort in the private primary bedroom, complete with custom separate walk-in closets, providing ample storage space. Enjoy serene moments on the balcony, accessible from the primary bedroom. The upstairs loft adds versatility to…

199 Views, 0 Comments

Read Full Post




Some Highlights

  • Comparing housing market metrics from one year to another can be challenging in a normal housing market – and the last few years have been anything but normal. In a way, they were ‘unicorn’ years.
  • Expect unsettling housing market headlines this year, mostly due to unfair comparisons with the ‘unicorn’ years.
  • Let’s connect so I can share the data that puts those headlines in the proper perspective.

265 Views, 0 Comments

Read Full Post

This Real Estate Market Is the Strongest of Our Lifetime




When you look at the numbers today, the one thing that stands out is the strength of this housing market. We can see this is one of the most foundationally strong housing markets of our lifetime – if not the strongest housing market of our lifetime. Here are two fundamentals that prove this point. 

1. The Current Mortgage Rate on Existing Mortgages

First, let’s look at the current rate on existing mortgages. According to the Federal Housing Finance Agency (FHFA), as of the fourth quarter of last year, over 80% of existing mortgages have a rate below 5%. That’s significant. And, to take that one step further, over 50% of mortgages have a rate below 4% (see graph below):

Now,…

271 Views, 0 Comments

Read Full Post

Oops! Home Prices Didn’t Crash After All During the fourth quarter of last year, many housing experts predicted home prices were going to crash this year. Here are a few of those forecasts: Jeremy Siegel, Russell E. Palmer Professor Emeritus of Finance at the Wharton School of Business:

“I expect housing prices fall 10% to 15%, and the housing prices are accelerating on the downside.” Mark Zandi, Chief Economist at Moody’s Analytics: "Buckle in. Assuming rates remain near their current 6.5% and the economy skirts recession, then national house prices will fall almost 10% peak-to-trough.Most of those declines will happen sooner rather than later. And house prices will fall 20% if there is a typical recession.”

Goldman Sachs: “Housing is already…

288 Views, 0 Comments

Read Full Post


Ever wonder when the right time to buy home is: The answer is almost certainly - right now! Of course, you have to make sure you can afford it and can qualify. But I have mortgage lenders to help with that process. But before you do that, don't take my word for it. Here is some pass statistics to help you understand where we are and why now is a great time to buy.

-The last decline in homes or the bottom of the market, was March, 2012. At the time, there were 2.4MM home Nationwide in for sale.
-After the bottom, there was 8% appreciation in the value of the homes.

Current Situation:

-You want to buy right before the bottom - because timing of the bottom is near impossible. And if you buy on the way up, you have lost some gains.
-There are on 980K…

230 Views, 0 Comments

Read Full Post


The home buying process

Are you ready to take the first step towards homeownership? The home buying process can be overwhelming, but with the right guidance, it can also be an exciting and rewarding experience. Here are the main steps:

  1. Meet with your agent: The first step is to find a real estate agent that you feel comfortable working with. You can ask friends and family for recommendations or search online for agents in your area. Once you have chosen an agent, you will schedule a meeting to discuss your needs, budget, and preferences.
  2. Get pre-approved for a mortgage: Your agent can recommend lenders to help you get pre-approved for a mortgage. This step is important because it will give you a clear understanding of how much you can…

253 Views, 0 Comments

Read Full Post

 

Based on data compiled by Credible, mortgage rates for home purchases have fallen across all key terms since last Friday.

  • 30-year fixed mortgage rates: 5.875%, down from 6.125%, -0.250
  • 20-year fixed mortgage rates: 5.500%, down from 5.875%, -0.375
  • 15-year fixed mortgage rates: 5.250%, down from 5.490%, -0.240
  • 10-year fixed mortgage rates: 5.250%, down from 5.875%, -0.625

What this means: Mortgage rates for home purchases fell significantly for all key terms over the weekend, with 30-year rates diving below the 6% mark. Borrowers may want to lock in a 30-year rate today, ahead of likely rate fluctuations. But homebuyers who want to take advantage of interest savings may want to consider 20-year rates, which are more than a quarter…

267 Views, 0 Comments

Read Full Post

 It is looking like the housing market is getting back to normal.

Scripps News reports existing home sales have been trending downward for about a year straight. That data usually points to the market starting to bottom out, but experts say this may just be the market getting back to how it was before the pandemic.

According to Re/Max, at the end of last month, Nashville is leading in the number of listings popping up nationwide. The city also saw about 45% more homes listed compared to last year.

Experts are saying across-the-board sales may pick up again in May, according to Scripps News. Usually, there are more houses and people buying in the spring.

Also, without knowing what next year looks like and with big things going…

166 Views, 0 Comments

Read Full Post