5 Reasons Why You Should Not For Sale By Owner!

5 Reasons Why You Should Not For Sale By Owner! In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their homes 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 for […]

The Supply & Demand Problem Plaguing New Construction

The Supply & Demand Problem Plaguing New Construction Many real estate economists have called on new home builders to ramp up production to help relieve the shortage of inventory of homes for sale throughout the United States. The added inventory would no doubt aid buyers in their search to secure their dream home, while also […]

Do You Know How Much Equity You Have in Your Home?

Do You Know How Much Equity You Have in Your Home? CoreLogic’s latest Equity Report revealed that 91,000 properties regained equity in the first quarter of 2017. This is great news for the country, as 48.2 million of all mortgaged properties are now in a positive equity situation. Price Appreciation = Good News for Homeowners Frank Nothaft, CoreLogic’s Chief […]

Homeownership Is a Good Financial Investment!

Homeownership Is a Good Financial Investment! According to a recent report by Trulia, “buying is cheaper than renting in 100 of the largest metro areas by an average of 33.1%.” The report may have some people thinking about buying a home instead of signing another lease extension, but does that make sense from a financial perspective? Homeownership Is a Good […]

Inventory Challenges Continue!

Inventory Challenges Continue! [INFOGRAPHIC] Some Highlights: After a surge in March, existing home sales and new home sales slowed due to a drop in inventory available for sale in the start-up and trade-up categories. Median existing home prices surged for the 62nd straight month, up 6.0% over last year to $244,800. New home prices slowed as […]

4 Tips for Effectively Making an Offer On Your New Home

 4 Tips for Effectively Making an Offer On Your New Home So, you’ve been searching for that perfect house to call a ‘home,’ and you finally found one! The price is right, and in such a competitive market, you want to make sure that you make a good offer so that you can guarantee that […]

YOUR APRIL MONTHLY REAL ESTATE STATS FOR PHOENIX AND AREA

Permission is granted only to ARMLS® Subscribers for reproduction with attribution to “ARMLS® COPYRIGHT 2017”   COMMENTARY by Tom Ruff of The Information Market 8 ARMLS STAT APRIL 2017  Fix and Flip: A property purchased and sold again within 61 and 365 days, or 366 days in a leap year, of the original purchase […]

Is the Current Pace of Home Sales Maintainable?

Is the Current Pace of Home Sales Maintainable? There are some experts questioning whether the current pace of residential home sales is maintainable. Are too many people buying homes like in 2004-2006? Are we headed for another housing crisis? Actually, if we look closely at the numbers, we can see that we are looking at […]

RSS Simplifying the Market™

  • Why Is It Important to Use a Professional to Sell Your Home?
    When a homeowner decides to sell their house, they obviously want the best possible price for it with the least amount of hassles along the way. However, for the vast majority of sellers, the most important result is actually getting their homes sold. In order to accomplish all three goals, a seller should realize the […]
  • To Stage…or Not to Stage? That Is the Question! [INFOGRAPHIC]
    Some Highlights: The National Association of Realtors surveyed their members & released the findings of their Annual Profile of Home Staging. 50% of staged homes saw a 1-10% increase in dollar value offers from buyers. 77% of buyer’s agents said staging made it easier for buyers to visualize the home as their own. The top […]
  • 58% of Homeowners See a Drop in Home Values Coming
    According to the recently released Modern Homebuyer Survey from ValueInsured, 58 percent of homeowners think there will be a “housing bubble and price correction” within the next 2 years. After what transpired just ten years ago, we can understand the concern Americans have about the current increase in home prices. However, this market has very […]
  • Sellers: Your Home is an Oasis in an Inventory Desert
    First-time homebuyers are flocking to the real estate market by the thousands to find their dream homes in order to make their dreams of homeownership a reality. Unfortunately for many, the inventory of starter and trade-up homes in the US has struggled to keep up with demand! According to the National Association of Realtors (NAR), […]
  • Homes Are Selling Quickly Nationwide
    The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report, which revealed that homes were on the market for an average of 28 days in June. This is a slight increase from the 27 days reported in May, but down from 34 days reported a year ago. 54% of homes across the country were […]
  • Homeowner’s Net Worth Is Still Greater Than a Renter’s
    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, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400).  The latest survey data, covering 2014-2016 will […]
  • What State Gives You the Most ‘Bang for Your Buck’? [INFOGRAPHIC]
    Some Highlights: Thinking of moving across the country? How far will your money take you? The majority of states in the Midwest and South offer a lower cost of living compared to Northeast and Western states. The ‘Biggest Bang for your Buck’ comes in Mississippi where, compared to the national average, you can actually purchase […]
  • Hey, Millennial Homeowners!! It May Be Time to Sell
    Contrary to what many believe, Millennials are not the ‘renter’ generation. Millennials purchased a larger percentage (34%) of homes in the U.S. than any other age group in 2017 and the most recent Census Bureau report shows that the homeownership rate among Millennials is finally on the rise. Many Millennials took advantage of post housing […]