Below You’ll Find Our Latest Blog Posts, Some News and Information, Pehaps a Regrip and an Occasional Shank…or Two…
Inventory Is Shrinking Causing List Prices to Rise
May 18, 2012 By Bill Cole
Inventory shrinking and list prices rising are signs of the residential housing recovery. Nationally we are seeing positive signs of recovery and a turning real estate market across all price points with the exception of a few weak housing markets. USA Today reported that the number of existing homes for sale (inventory) dropped to 22% from a year ago. The National Association of Realtorsreported a rise in home prices in 74 of the 146 housing markets they track in the first quarter of … Read more...]
Bargain home prices still available
May 8, 2012 By Bill Cole
Bargain Home prices will not get much cheaper than they are right now. Several housing experts are predicting that 2012 will be the last chance to cash in on the best deals of the weak housing market. Homes have never been more affordable…. but it won’t stay this way for much longer. Home prices are down 34% since 2006 and mortgage rates are at historic lows. The mortgage rate reached a record low today. Housing markets are beginning to stabilize, and in some cities, such as Phoenix we … Read more...]
What is Your Home Worth in Phoenix?
May 3, 2012 By Bill Cole
You want to sell your home, but you are not sure what it is really worth in today’s market? Using the right comparable sales will help you to find the perfect price. The value of your home is much more difficult to predict and the information available to home sellers can be untrustworthy. Online home valuation sites are fun to play with, but they are based on past sales, not current market factors. Newspaper listings give you some information, but houses are usually so different that it's … Read more...]
It’s Time to Sell: Phoenix Named #1 City for Rising Home Prices
April 27, 2012 By Bill Cole
Realtor.com names Phoenix as the #1 market in the nation for rising home prices. How can this be? Phoenix was one of the hardest hit metro areas in the housing slump. We were one of the first major metro areas to fall and now we are one of the first to rise. According to data from Realtor.com’s: “First-Quarter Real Estate Trend Data Report”; the turnaround trend here in the Phoenix metro area has produced a 23.5% increase in the median home price from a year ago, bringing it to … Read more...]