Some Highlights: The cost of waiting to buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time. Freddie Mac predicts interest rates to rise to 5.1% by the end of 2019. CoreLogic predicts home prices to appreciate by
In today’s fast-paced world, where answers are a Google search away, there are some who may wonder what the benefits of hiring a real estate professional to help them in their home search are. The truth is, with the addition of more information, comes more confusion. Shows like Property Brothers, Fixer Upper and the dozens
If you’ve ever watched “The Price is Right,” you know that the only way to win is to be the one to correctly guess the price of the item you want without going over! That means your guess must be just slightly under the retail price. In today’s shifting real estate market, where more inventory
A loaf of bread used to be a nickel. A movie ticket was a dime. Not anymore. Houses were also much less expensive than they are now. Inflation raised the price of all three of those items, along with the price of almost every other item we purchase. The reason we can still afford to
Homeowners who purchase their homes before the age of 35 are better prepared for retirement at age 60, according to a new Urban Institute study. The organization surveyed adults who turned 60 or 61 between 2003 and 2015 for their data set. “Today’s older adults became homeowners at a younger age than today’s young adults.
In many markets across the country, the number of buyers searching for their dream homes outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show that you are serious about buying your dream home is to get pre-qualified or pre-approved for a
You may have heard that the housing market is softening. There is no doubt that buyer traffic has decreased. There are fewer purchasers in the market than there were last month and at this time last year. What you may not have heard, however, is that there is still a severe shortage of listing inventory
Some Highlights: With interest rates still around 4.5%, now is a great time to look back at where rates have been over the last 40 years. Rates are projected to climb to 5.0% by this time next year according to Freddie Mac. The impact your interest rate makes on your monthly mortgage cost is significant!
Americans relocating has hit a record low, including those moving to new homes in the same state, as well as those moving across state lines. Only 11% moved to new homes last year, the lowest in 70 years since the history of record taking.
Whether you own an old home or a brand new one, there are a number of things that can fall short of requirements during a home inspection. If not identified and dealt with, any of these 11 items could cost you dearly in terms of repair. That’s why it’s critical that you read this report before
DIVORCE: What You Need to Know About Your House, Your Mortgage and Taxes. When You Decide to Sell If you and your spouse decide to sell your home, will be important to work together through a professional to maximize your return. When You Buy Your Next Home Use the proceeds from your previous home or buy-out to determine an affordable price range for your next home. Maintain a
Discover how to increase your homes value by thousands of dollars doing simple projects, most people ignore. the best part is that you can do all of this in a single weekend for less than $500! So let’s get you started…
We hope 2019 is a great year for you, both personally and professionally!
As we kick off the new year, many families have made resolutions to enter the housing market in 2019. Whether you are thinking of finally ditching your landlord and buying your first home or selling your starter house to move into your forever home, there are two pieces of the real estate puzzle you need
Following last year’s real estate market was like riding a rollercoaster. The market started off strong in 2018 and then softened before finishing with a mild flurry. However, one thing that did not waiver was America’s belief that owning a home makes sense from a financial standpoint. An end-of-the-year survey by the Federal Reserve Bank’s Center
One of the most common loans you can get to buy a home is a 30-year fixed rate mortgage. If the thought of paying for your home over the course of 30-years seems daunting, here are some easy ways to shorten that term which will actually end up saving you money over the life of
This year started strong for real estate, but then the market began to soften. Home inventory in the starter and move-up categories dwindled to almost nothing, mortgage rates were projected to rise, and home sales had decreased for several months in a row. To many, the outlook heading into 2019 appeared dim… at best. Then,
Some Highlights: Interest rates are projected to increase steadily throughout 2019, but buyers will still be able to lock in a rate lower than their parents or grandparents did when they bought their homes! Home prices will rise at a rate of 4.8% over the course of 2019 according to CoreLogic. All four major reporting
In today’s market, as home prices rise and a lack of inventory continues, some homeowners may consider trying to sell their homes 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 for most sellers. Here are the top five reasons:
Change in Population Trends to come? Population growth may be affected by Sperm shortage. The sperm concentration in males in North America, Europe, Australia and New Zealand has declined between 52-59% between 1973 and 2011. The decline appears to be continuing. The cause is unknown. There is speculation that it may be due to exposure
What will Our Future Cities look like? Dubai has plans for its city to have a new “sci-fi” look by 2021. It will plans to being a sustainable city by 2020, have 25% of its building built by 3D printing, integrating passenger drones that can carry passengers to their public transportation system, 25% of transportation to
The Phoenix Metropolitan area has hit a new high as of today of $152.01/SF for all property types in the metropolitan area. This is the first time since March 2008! In the Southeast Valley, Gilbert is leading the way with increased values, decreasing supply and days on market starting to decline again. Contrarily, Mesa has
LOCAL HOUSING TRENDS Realtor.com ranks housing areas nationwide. Phoenix was ranked #1 and Tuscon #9 in the 2017 housing markets. Market forecasts are based on affordability, affordable rental prices, low unemployment, and population. It is predicting the Phoenix area will see at 5.94% increase and Tuscon a 6.1% increase