Search All MLS Listings

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 […]

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 […]

RSS Simplifying the Market™

  • 4 REAL Reasons Why We Buy A Home!
    We often talk about why it makes financial sense to buy a home, but more often than not, the emotional reasons are the more powerful or compelling ones. No matter what shape or size your living space is, the concept and feeling of home can mean different things to different people. Whether it’s a certain […]
  • First-Time Home Buyers Continue to Put Down Less Than 6%!
    According to the Realtors Confidence Index from the National Association of Realtors, 61% of first-time homebuyers purchased their homes with down payments below 6% in 2017. Many potential homebuyers believe that a 20% down payment is necessary to buy a home and have disqualified themselves without even trying, but in March, 71% of first-time buyers […]
  • Want to Sell Your House Faster? Don’t Forget to Stage! [INFOGRAPHIC]
    Some Highlights: The National Association of Realtors surveyed their members & released the findings of their Profile of Home Staging. 62% of seller’s agents say that staging a home decreases the amount of time a home spends on the market. 50% of staged homes saw a 1-10% increase in dollar-value offers from buyers. 77% of […]
  • 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” is at “near-historic levels.” Their […]
  • Rising Interest Rates Have Not Dampened Demand
    Since the beginning of the year, mortgage interest rates have risen over a half of a percentage point (from 3.95% to 4.52%), according to Freddie Mac. Even a small rise in interest rates can greatly impact a buyer’s monthly mortgage payment. First American recently released the results of their quarterly Real Estate Sentiment Index (RESI), […]
  • How Long Do Most Families Live in a House?
    The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of their data points, which has changed dramatically, is the median tenure of a family in a home, meaning how long a family stays in a home prior to moving. As the graph below shows, over the last twenty years (1985-2008), the median tenure […]
  • The #1 Reason to List Your House for Sale NOW!
    If you are debating whether or not to list your house for sale this year, here is the #1 reason not to wait! Buyer Demand Continues to Outpace the Supply of Homes for Sale The National Association of Realtors’ (NAR) Chief Economist Lawrence Yun recently commented on the current lack of inventory: “Inventory coming onto the market during […]
  • Cost Across Time [INFOGRAPHIC]
    Some Highlights: With interest rates still around 4.5%, now is a great time to look back at where rates have been over the last 40 years. Rates are projected to climb to 5.1% by this time next year according to Freddie Mac. The impact your interest rate makes on your monthly mortgage cost is significant! […]