The Valley’s real estate market and home values have reached new heights since recovering from COVID-19. Phoenix ranks second for the hottest housing market in 2021, following Austin, Texas, according to Zillow’s economists and real estate experts. The online real estate marketplace said Phoenix’s … [Read more...] about Valley home values expected to increase 20.8% in 2022 – Source AZBIGMEDIA
44% of Sales Closed Over Asking Price New Listing Counts Lowest in Over 20 Years For Buyers: 44% of sales through the Arizona Regional MLS have closed over asking price in the last 30 days. The median amount over asking price for all price ranges combined is $10,000 with a range between … [Read more...] about March 2021 Market update for Buyers
You might ask yourself – when is it appropriate to try and "time the market?" The short answer is never. One problem with attempting to time your purchase just right in tandem with economic patterns is that no one can really predict with any degree of accuracy – the future. Many reports get … [Read more...] about Trying to “Time the Market”?
People who already have a home usually need the funds from the closing to secure their next purchase. If a "move-up" buyer wants to buy a home during a depressed market, that means they usually have one to sell themselves. Timing becomes very important and negotiations become more involved so … [Read more...] about Why You Shouldn’t Wait!
For most people, changing employers will not impact the ability to qualify for a mortgage loan, especially if you are going to be earning more money. For some homebuyers, however, the effects of changing jobs can spell disaster when it comes to your loan application. Make sure you discuss in great … [Read more...] about Changing Jobs and the Effects it has on Buying a Home
There are times when the economy is booming and everyone feels confident about their prospects for the future. As a result, people often times spend more money. People tend to go out to dinner more often, tip heavier, invest in wardrobe updates, maybe buy a new car and… more often than not, buy a … [Read more...] about Economic Trends to Purchasing a Home
When talking with real estate agents, you'll often find that when they speak to you about buying real estate, they refer to buyer's purchasing a "home" and the sellers putting their "house" on the market. Why the play on words? The reason is psychological. Buying and selling real estate is one of … [Read more...] about Getting Your Home Ready to Sell