National Snapshot: What’s Ahead for Real Estate? The U.S. unemployment rate is at a 50-year low, and consumer confidence remains high. In fact, the University of Michigan’s latest Surveys of Consumers found that Americans have their most positive personal finance outlook since 2003.1 However, if you follow national news, you’ve probably heard … [Read more...] about National Snapshot: What’s Ahead for Real Estate?
In our “bigger is better” culture, there’s an expectation that each home should be larger and grander than the last. But life changes like divorce, kids leaving for college, or even the simple act of growing older can prompt us to find a smaller home that better suits our shifting needs and lifestyle. I know all too well. In May, Laura & I decided … [Read more...] about 5 Step Strategies for Downsizing Your Home
Discover What Buyers Will Pay in Today’s Market It’s easy to look up how much money you have in your savings account or the real-time value of your stock investments. But determining What’s Your Home Actually Worth or the dollar value of a home is trickier. As a seller, knowing your home’s worth helps you price it correctly when you put it up for … [Read more...] about What’s Your Home Actually Worth?
As we begin another year, everyone wants to know: “Where is the housing market headed in 2019? It’s not only buyers, sellers, and homeowners who are impacted. The real estate market plays an integral role in the overall U.S. economy. Fortunately, key indicators point toward a stable housing market in 2019 with signs of modest growth. However, … [Read more...] about What’s Ahead for Real Estate in 2019?
While no one can predict the future with certainty, most experts expect to see modest growth in the U.S. housing market for the remainder of this year and next. Inventory will remain tight, mortgage rates will continue to creep up, and affordability will remain a major issue in many parts of the country. So what does that mean for home buyers and sellers? … [Read more...] about “How’s the Market?” What’s Ahead for Real Estate?
Understanding a home’s true market value is about more than pictures, software assessments and price-per-square-foot. Whether you’re a current homeowner thinking of selling or are house-hunting, it’s crucial you understand what factors affect home valuation. By partnering with a local market expert, sellers will avoid pricing their house out of the market … [Read more...] about Real Home Value Calculator: Assessed Value vs Market Value
Recent mid-month information is positive for most see the Phoenix Housing Real Estate Update. If you are a visual person check out this infographic. If you like to read text information here's the short version for the last year: For Buyers: Contracts in escrow are up 8.6% Homes under $150K will be hard to find, where listings are down … [Read more...] about Phoenix Housing Real Estate Update
Here is a quick recap of the Phoenix Home Real Estate Update. In the last year, the number of "Active" single family homes available to buyer has declined 18.8% (see 1st chart below). With the the number of listings (supply) & the demand increasing, median sold prices have climbed 6.4% to $217,951 (see 2nd chart below). This is causing a shift from a … [Read more...] about Phoenix Home Real Estate Update