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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 […]

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 […]

RSS Simplifying the Market™

  • The Net Worth of a Homeowner is 44x Greater Than A Renter!
    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, covering 2013-2016 was recently released. The study revealed that the median net worth of a homeowner was $231,400 – a 15% increase since 2013. At the same time, […]
  • The Cost of Waiting: Interest Rates Edition [INFOGRAPHIC]
    Some Highlights: Interest rates are projected to increase steadily heading into 2019. The higher your interest rate, the more money you end up paying for your home and the higher your monthly payment will be. Rates are still low right now – don’t wait until they hit 5% to start searching for your dream home!
  • Housing Market: Another Gigantic Difference Between 2008 and 2018
    Some are attempting to compare the current housing market to the market leading up to the “boom and bust” that we experienced a decade ago. They look at price appreciation and conclude that we are on a similar trajectory, speeding toward another housing crisis. However, there is a major difference between the two markets. Last […]
  • Homebuyers Willing to Sacrifice ‘Must-Haves’ in Favor of Good School Districts
    It should come as no surprise that buying a home in a good school district is important to homebuyers. According to a report from Realtor.com, 86% of 18-34 year-olds and 84% of those aged 35-54 indicated that their home search areas were defined by school district boundaries. What is surprising, however, is that 78% of […]
  • Have You Outgrown Your Starter Home?
    For many Americans, buying their first home is their first taste of achieving part of the American Dream. There is a sense of pride that comes along with owning your own home and building your family’s wealth through your monthly mortgage payment. It may seem hard to imagine that the first home you purchased (which […]
  • Are You Thinking of Selling Your Home? Competition Is Coming!
    The number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Sales Report, the number of building permits issued in June was 850,000, a 0.8% increase from May. […]
  • Existing Home Sales Cooling Off This Summer [INFOGRAPHIC]
    Some Highlights: According to the National Association of Realtors’ latest Existing Home Sales Report, sales in June were down 2.2% from last year. Inventory of homes for sale showed a modest improvement of 0.5% over last year’s figures, but still remains under the 6-month supply needed for a normal market. NAR’s Chief Economist Lawrence Yun […]
  • Supply & Demand Will Determine Future Home Values
    Will home values continue to appreciate throughout 2018? The answer is simple: YES! – as long as there are more purchasers in the market than there are available homes for them to buy. This is known as the theory of “supply and demand,” which is defined as: “The amount of a commodity, product, or service […]