INTRODUCTION Turn on the television or scroll through Facebook, and chances are you’ll see at least one advertisement for a group or “guru” who promises to teach you how to “get rich quick” through real estate investing. The truth is, much of what they’re selling are high-risk tactics that aren’t a good fit for the average investor. However, there is … [Read more...] about Why Real Estate Investing Makes (Dollars and) Sense
Phoenix Mid-Month Home Update Here is a quick recap of the Phoenix Mid-Month Home Update and what has taken place in the housing market over the last year. Since August of 2013 when there was a shortage of homes available & the demand was high, prices have climbed significantly (see chart below). This forced large numbers of investors to start shifting … [Read more...] about Phoenix Mid-Month Home Update
It’s part of holiday tradition to celebrate with family and friends and to share gifts with our loved ones. There’s no measuring how much is spent on the combined effort and money to find the perfect gift. The challenge is to identify the right gift in the right color and size; something they really want and need; and something that won’t break the … [Read more...] about The Perfect Last Minute Gift
The last several months have been filled with very positive local economic news. Major commercial expansion and related jobs have been announced all over the valley especially in Chandler and north Phoenix. The Mayor of Chandler's State of the City address was extremely optimistic (even before the GM announcement of 1000 jobs at a new IT location). The … [Read more...] about Positive Economic News Help Home Markets in Phoenix & Chandler
Low inventory is a relative term depending on how you're comparing it. Would the comparison be to total number of homes on the market last year, homes in a certain price range or homes in a certain area? In some situations, it's a combination of all of those things. For example in the Phoenix metro area today there are 12,956 single family homes on … [Read more...] about Real Estate Low Inventory (Supply) of Homes
Over the last several months, buyers and sellers have had the uncertainty of the election, fiscal cliff and other economic situations but the Phoenix real estate market has continued to move “onward & upward”. Prices have increased, the supply of homes has had a minor increased and the mix of buyers and sellers has started to equalize a little. The … [Read more...] about Phoenix 2012 Strong Housing Finish
Quote- “It’s easy to sit up and take notice. What is difficult is getting up and taking action.” Al Batt, Writer & Speaker In general, over the last several months in the Phoenix home market, prices have increased, the supply of homes has increased and the mix of buyers and sellers has started to equalize a little. The sub-markets of Chandler, … [Read more...] about Entering a Normal Real Estate Market?
Some people believe they shouldn't refinance more often than once every two years. The determining factors are if you'll lower your payments and plan to stay in the home long enough to recapture the cost of refinancing. If so, you should consider refinancing. Interest rates have actually come down significantly in the past 12 months and even more in the … [Read more...] about Time to Refinance? Mortgage Rates All Time Low