Here is a market snaphot for the Phoenix, Arizona area. Let us know if you have any questions or would like to schedule a FREE consultation. 480-240-9724 ext. 1 Continue Reading
The Luxury Housing Market is on the Rise
The National Association of REALTORS® reports that though the frigid weather has cooled home sales in most of the nation this winter, the luxury housing market has been sizzling. Sales of homes with a million-plus price tag have been rising. "The national median price for homes priced at more than $500,000 has increased to $1,322,653 – a 7% rise compared to February 2013, according to market Continue Reading
Obama Signs Flood Insurance Relief Into Law
DAILY REAL ESTATE NEWS | MONDAY, MARCH 24, 2014 President Barack Obama signed into law a bipartisan bill that will delay flood insurance rate hikes for property owners nationwide. The Homeowner Flood Insurance Affordability Act repeals the Federal Emergency Management Agency’s authority to increase premium rates when a property is sold. It also refunds the excessive premium to those Continue Reading
The Top 10 wealthiest Phoenix-area ZIP codes for 2014
Phoenix 85045- Median household income: $119,878 Median disposable income: $97,310 Paradise Valley 85253- Median household income: $117,351 Median disposable income: $95,207 Scottsdale 85255- Median household income: $116,265 Median disposable income: $93,602 Tempe 85284- Median household income: Continue Reading
Interest rate hikes slowing housing market
Sales of existing single-family homes slipped by 18 percent during the fourth quarter and by 16.6 percent in January year over year, according to the latest research by Fletcher Wilcox, vice president of business development for Grand Canyon Title Agency Inc. Rising interest rates are one big reason for this, Wilcox said. Interest rates hovered below 4 percent for 19 consecutive months starting Continue Reading
3 bold predictions for the Phoenix real estate sector in 2014
What’s in store for the Phoenix real estate sector in 2014? Experts say the housing market should see less dramatic price gains, higher interest rates and dissipating interest from Wall Street investors. Meanwhile in the commercial sector, a we’re likely a few years away from a healthy recovery. Here’s a closer look at what to expect in 2014: Prediction No. 1: The housing market keeps Continue Reading
February ARMLS Market Summary
Check out the summary of the February market activity. Market Summary - February Continue Reading
Real Estate Market Changes in Transaction Mix
For single family homes, the substantial changes in transaction mix between December 2012 and December 2013 are illustrated in the chart below: (Note: ‘Reverted’ homes are excluded from ‘All Sales’.) Continue Reading
Has the Phoenix housing market finally balanced out?
2014 could provide the answer When it comes to home prices, supply and demand, the pendulum has been swinging from one extreme to the other in Phoenix since the housing boom of a decade ago. The metro Phoenix housing market went from a pre-recession sellers’ market to a buyers’ market amid the foreclosure crisis. Then it went back in the sellers’ favor again these past two years when Continue Reading
4 Deal-Killing Mistakes Buyers Make
1. They Don’t Consider the Details. You want your clients to toast the memory of you handing them the keys to their home, not rue the day they closed. To keep them from regretting the biggest purchase of their lives, you need to help them think through the details of what they want before you even start looking at properties. So, ask them questions like: Who do they picture living in the house in Continue Reading
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