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What Does the Future Hold for Home Prices?

   What Does the Future Hold for Home Prices? Home prices are at the top of everyone’s minds. Can they maintain their current pace of appreciation? Will rising mortgage rates negatively impact home values? Will the next economic slowdown cause prices to crash? Let’s try to answer these questions based on what has happened in […]

Rent or Buy: Either Way You’re Paying A Mortgage!

Rent or Buy: Either Way You’re Paying A Mortgage! There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize, however, that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s. As Entrepreneur […]

4 Reasons Why We Are Not Heading Toward Another Housing Bubble

4 Reasons Why We Are Not Heading Toward Another Housing Bubble With home prices continuing to appreciate above historic levels, some are concerned that we may be heading for another housing ‘boom & bust.’ It is important to remember, however, that today’s market is quite different than the bubble market of twelve years ago. Here […]

Housing Will Not Fall Victim to Next Economic Storm

Housing Will Not Fall Victim to Next Economic Storm Some experts are calling for a slowdown in the economy later this year and most economists have predicted that the next recession could only be eighteen months away. The question is, what impact will a recession have on the housing market? Here are the opinions of […]

House-Buying Power at Near-Historic Levels

House-Buying Power at Near-Historic Levels We keep hearing that home affordability is approaching crisis levels. While this may be true in a few metros across the country, housing affordability is not a challenge in the clear majority of the country. In their most recent Real House Price Index, First American reported that consumer “house-buying power” […]

Top 5 Reasons You Shouldn’t FSBO

Top 5 Reasons You Shouldn’t FSBO. Use Realtor Internet Exposure In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea […]

Contract signing down 13 Percent

https://www.nar.realtor/videos/video-contract-signings-down-13-percent NAR Media Contacts Statistical Release Schedule Op-Eds & Letters to the Editor NAR Fact Sheet Real Estate Story Ideas WASHINGTON (May 31, 2018) — After two straight months of modest increases, pending home sales dipped in April to their third-lowest level over the past year, according to the National Association of Realtors®. All major […]

Year End 2017 Stats for Arizona Real Estate and Projection for 2018

I have been watching for this every day and it is finally here. Tons of information and if you plan on doing anything with real estate this year, you will probably want to read it all. Excellent job done by Tom For Arizona Regional Multiple Listing Service. This report is based on facts, the stuff […]

RSS Simplifying the Market™

  • Don’t Get Caught in the Rental Trap in 2019
    Every year around this time, we take time to reflect and plan for next year. If you are renting your current home but have dreams of homeownership, your plan for the new year may include buying, and you wouldn’t be alone! According to the 2018 Bank of America Homebuyer Insights Report, 74% of renters plan […]
  • How to Simply Increase Your Family Wealth by Paying for Housing
    Everyone should realize that unless you are living somewhere rent-free, you are paying a mortgage – either yours or your landlord’s. Buying your own home provides you with a form of ‘forced savings’ that allows you to use your monthly housing costs to increase your family’s wealth. Every month that you pay your mortgage, you […]
  • What If I Wait A Year to Buy a Home?
    National home prices have increased by 5.4% since this time last year. Over that same time period, interest rates have remained near historic lows which has allowed many buyers to enter the market and lock in low rates. As a seller, you will likely be most concerned about ‘short-term price’ – where home values are headed over […]
  • The Tale of Two Markets [INFOGRAPHIC]
    Some Highlights: An emerging trend for some time now has been the difference between available inventory and demand in the premium and luxury markets and that in the starter and trade-up markets and what those differences are doing to prices! Inventory continues to rise in the luxury and premium home markets which is causing prices […]
  • 2008 vs. Now: Are Owners Using Their Homes as ATMs Again?
    Over the last six years, we have experienced strong price appreciation which has increased home equity levels dramatically. As the number of “cash-out” refinances begins to approach numbers last seen during the crash, some are afraid that we may be repeating last decade’s mistake. However, a closer look at the numbers shows that homeowners are […]
  • Where Are Interest Rates Headed in 2019?
    The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate, the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search. Below is a chart created using Freddie Mac’s U.S. […]
  • Homeowners Aged 65+ Have 48x More Net Worth Than Renters
    Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. Their latest survey data covers responses from 2013-2016. The study revealed that the median net worth of a homeowner was $231,400 – a 15% increase since 2013. At the same time, the median net worth of […]
  • 4 Reasons to Buy A Home This Winter!
    Here are four great reasons to consider buying a home today instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest Home Price Insight report revealed that home prices have appreciated by 5.6% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.7% over the next year. […]