Are We Getting Back to Normal Financed Home Sales?

Financed Home Sales

As the investors leave and find less expensive housing elsewhere and the lending restrictions ease we are seeing a strong trend back towards normal in financed home sales, although we are not quite there yet. We can sometimes get too focused on counting houses instead… 
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Mortgage Rates Rise

Mortgage Rates

In Freddie Mac’s results of its Primary Mortgage Market Survey (PMMS®), average fixed mortgage rates jumped along with bond yields amid recent Fed remarks that it could begin tapering its bond purchases later this year. The average 30-year fixed-rate mortgage rose from 3.93 percent last… 
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Are You Thinking of Moving Up?

Calculator and Home

Many homeowners are asking themselves if now a good time to move up is. Between price reductions and record low interest rates it may just be the right time. With home prices still at record lows, Buyers can get more home for less money under… 
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Inventory Is Shrinking Causing List Prices to Rise

Sold

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… 
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What is Your Home Worth in Phoenix?

ReMax-FOR SALE sign

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… 
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It’s Time to Sell: Phoenix Named #1 City for Rising Home Prices

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… 
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RE/MAX: Home Prices Increased 5.8% in March

iStock Housing Market Chart

RE/MAX issued a report that home prices in the 53 largest cities increased 5.8% in March from the same month last year, according to a report from real estate association RE/MAX.  Phoenix is the fourth city in the list with an increase of 18.2%. The… 
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Arizona’s Sellers Market Bringing in Multiple Offers

iStock Purchase Contract 200x133

Sellers are getting multiple offers on their homes here in Arizona. How can they choose which is best one? The Phoenix market has done a complete turnaround and become a Seller’s Market. The  inventory of homes for sale here in the valley is suddenly very low… 
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Arizona’s Real Estate Market….The Good, the Bad and the Ugly

The Good:

Real-Estate economists across the country are studying an early but surprisingly broad Phoenix turnaround.

According to the most recent Case-Shiller residential report, Phoenix was the only city showing price INCREASES in recent months.

Jobs are returning, economic indicators are positive and new construction permits are up. Look around the valley and you can see the signs of construction for both residential and commercial properties.

Watch for the Phoenix metro area to lead the nation in APPRECIATION over the next few years. We ARE recovering and there’s good reason to be optimistic.

The Market for Resale Homes Remains Strong

existing-home-sales

Despite sparse home inventory, the National Association of REALTORS® reports that 4.59 million resale (existing) homes were sold in February on a seasonally-adjusted, annualized basis. Last month’s sales data represents a 9 percent improvement from the year prior. There are now just 2.43 million homes… 
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