The answer is there are several reasons for it. But it is important to understand those reasons to make educated predictions for the housing market. A comprehensive look ultimately indicates that price increases will continue in 2022. As we all know, once the coronavirus reached the United States it spread quickly, infecting people, and affecting businesses. These circumstances continued to … [Read more...]
The Reasons For The Housing Inventory Shortage
It’s no mystery to anyone in the Phoenix real estate market that we are experiencing a housing inventory crisis. Simply put, there are not enough homes on the market to meet the increasing demand. However, what is not clear to many are the contributing factors resulting in our current low inventory levels. Our current conditions can be traced back to the housing crash between the years of 2007 … [Read more...]
3 Tips for the First-Time Arizona Real Estate Buyer
Buying your first home is one of the biggest decisions you will ever make. There are a lot of considerations to make and the process can prove a stressful one. However, it doesn’t have to be complicated. As an Arizona real estate agent, I have helped many first-time home buyers achieve their home ownership dreams. Below are three tips to help you get started. Talk to a lender. The first … [Read more...]
3 Tips for Selling Your Arizona Home Fast
There are a great deal of considerations to make when selling your home. In the end, your goal is to sell it fast and get the maximum price possible. As an Arizona real estate agent, I have seen sellers make huge mistakes, leaving thousands of dollars on the table. Here are three tips to selling your home quickly. Price it right. If you price your home too low, you lose out on potential … [Read more...]
3 Reasons Why People Move to Arizona
Arizona, especially the Phoenix metropolitan area, continues to be one of the hottest real estate markets in the nation. Whether it’s the diversity of its people, the phenomenal climate or job opportunities, people come here from all over the world to raise their families. In addition, the AZ real estate market offers affordable housing, giving families the opportunity to start building their … [Read more...]
Why You Shouldn’t Wait!
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 neither party is forced into short-term housing or find themselves in rent-back situation because closing … [Read more...]
Should You Try to “Time the Market”?
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 published, predictions are made and some of them can be very close to spot on but the reality is that no … [Read more...]
Economic Trends that Relate to Purchasing 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 new home. If the interest rates are friendly, this is especially true. Then, for many reasons, … [Read more...]
Changing Jobs and the Effects it has on Buying a Home
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 detail with your lender and know ahead of time what implications any change in your employment that … [Read more...]
Tips on Getting Your Home Ready to Sell
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 the most involved and emotional situations a person can ever be in. Unless it’s simply for investment … [Read more...]
