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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 […]

Veterans Affairs Loans by the Numbers

= Veterans Affairs Loans by the Numbers [INFOGRAPHIC] Some Highlights: Since the creation of the VA Home Loans Program, 22 million veterans have been able to achieve the American Dream of homeownership. So far in 2017, $188 billion has been loaned to veterans and their families through the program. VA Purchase Loans are on the […]

Net Worth of Homeowners 44X Greater than Renters

Net Worth of Homeowners 44X Greater 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. The latest survey data, covering 2013-2016 was released two weeks ago. The study revealed that the 2016 median net worth of homeowners was $231,400 – a 15% increase since 2013. At the […]

BUYER CAN’T “BLACKMAIL” SELLER WITH EARNEST MONEY

BUYER CAN’T “BLACKMAIL” SELLER WITH EARNEST MONEY By Christopher Combs \ Buyer Can’t “Blackmail” Seller With Earnest Money   Question: On the day of the closing of the sale of our Peoria home, the buyer refused without any reason to sign the closing documents, even after we gave the buyer the required three-day cure period notice. We […]

How to Get the Most Money from the Sale of Your Home

How to Get the Most Money from the Sale of Your Home Every homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive maximum value for your house? Here are two keys to ensure that you get the highest price possible. 1. Price […]

93.9% Of Homes in The US Have Positive Equity

93.9% Of Homes in The US Have Positive Equity CoreLogic’s latest Equity Report revealed that ninety-one thousand residential properties regained positive equity in Q1 2017. The outlook for 2017 remains positive as well, as an additional 600 thousand properties will regain equity if home prices rise another 5% this year. The study also revealed that: Roughly 63% of […]

Buyer Demand Continues Outpacing the Supply of Homes for Sale

Buyer Demand Continues Outpacing the Supply of Homes for Sale The price of any item is determined by the supply of that item, as well as the market demand. Buyer Demand Continues Outpacing the Supply of Homes for Sale The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and […]

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  • Why Have Interest Rates Jumped to a 7-Year High?
    Interest rates for a 30-year fixed rate mortgage have climbed from 3.95% in the first week of January up to 4.61% last week, which marks a 7-year high according to Freddie Mac. The current pace of acceleration has been fueled by many factors. Sam Khater, Freddie Mac’s Chief Economist, had this to say: “Healthy consumer […]
  • How Current Interest Rates Can Have a High Impact on Your Purchasing Power
    According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 4.61%, which is still near record lows in comparison to recent history! The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing power. Purchasing power, simply put, is […]
  • Don’t Wait to Sell Your House! Buyers Are Out Now
    Recently released data from the National Association of Realtors (NAR) suggests that now is a great time to sell your home. The concept of ‘supply & demand’ reveals that the best price for an item is realized when the supply of that item is low and the demand for that item is high. Let’s see how […]
  • Is Your First Home Within Your Grasp Now? [INFOGRAPHIC]
    Some Highlights: According to the US Census Bureau, ‘millennials’ are defined as 18-36-year-olds. According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home buyers is 32. More and more ‘old millennials’ (25-36) are realizing that homeownership is within their grasp now!
  • Moving Up to Your Dream Home? Don’t Wait!
    Mortgage interest rates have risen by more than half of a point since the beginning of the year, and many assume that if mortgage rates rise, home values will fall. History, however, has shown this not to be true. Where are home values today compared to the beginning of the year? While rates have been […]
  • Renters Under 50 Want to Buy a Home!
    Every year, the New York Federal Reserve publishes the results of their Survey of Consumer Expectations (SCE). Each survey covers a wide range of topics including inflation, labor market, household finance, credit access and housing. One of the many questions asked in the housing section of the survey was: Assuming you had the financial resources […]
  • Access: An Important Factor in Getting Your House SOLD!
    So, you’ve decided to sell your house. You’ve hired a real estate professional to help you through the entire process, and they have asked you what level of access you want to provide to your potential buyers. There are four elements to a quality listing. At the top of the list is Access, followed by […]
  • Homeownership: “A Man Is Not a Complete Man, Unless He Owns a House”
    The famous quote by Walt Whitman, “A man is not a whole and complete man, unless he owns a house and the ground it stands on,” can be used to describe homeownership in America today. The Census revealed that the percentage of homeowners in America has been steadily climbing back up since hitting a 50-year low in 2016. […]