Phoenix Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

May 19, 2022

What's on the Horizon for the Housing Market in the Second Half of 2022?

May 11, 2022

Is Now the Right Time To Make a Move?

 

Two market changes that could impact your decision to make a move.

 

Looking to buy a Phoenix home? Click here to see our featured listings. 
Looking to sell your home? Click here to get an INSTANT property valuation now!

 

 

Today we’ll answer your questions about the changing market and whether you should make a move right now. Here are the two main changes happening in our market that will impact your decision:

 

1. Interest rates are rising but are still low. If you're obtaining a loan, it will cost more than in recent years for the same mortgage. However, interest rates are still very low right now. Comparatively, they're half of what they were when I bought my first home. These are cheap rates even though they're not what you're used to.

 

2. Inventory has increased slightly. This has caused some slight price reductions and increased days on market. Buyer interest has subsided a bit but demand is still outpacing supply and we still see strong buyer competition and multiple offers on homes.

“We recommend making a move sooner rather than later.”

 

How does this affect your buying or selling decisions? If you're buying, there may be less competition. However, if the property is popular, you'll still see buyers compete and offer top dollar. If you're selling, there may be less buyer competition, but it's still a seller's market. We’ll pay careful attention to reading the market for your specific property.


If you're considering making a move in the next 12 months, we recommend doing it sooner rather than later. Rates are expected to rise and appreciation is expected to slow. Hopefully, this helps you decide whether it's a good time for you to make a move or not. If you have any questions about your specific scenario, reach out to us by phone or email. We're here to help.

Posted in Market Updates
April 28, 2022

Things To Consider When Moving This Spring


Here’s my advice for home sellers who are on the fence about list
ing.

 

Looking to buy a Phoenix home? Click here to see our featured listings. 
Looking to sell your home? Click here to get an INSTANT property valuation now!

 

Today we’re going to discuss things to consider if you’re on the fence about making a move this spring. If you’re thinking of selling this spring, it may be because you’ve heard that prices are rising, listings are going fast, and sellers are getting multiple offers on their homes. All of this is true. Why are conditions so good for sellers today, and what can you expect when you move? To help answer those questions, let’s turn to the data.

 

 


Today there are far more buyers looking for homes than sellers listing their houses. Look at the maps at 0:47 in the video above of the latest buyer and seller traffic from the National Association of Realtors. This should help paint the picture of what this looks like for you. Notice how much darker the blue colors are on the left. This shows buyer traffic is strong today. In contrast, the much lighter blues on the right indicate a weak or very weak seller traffic. In a nutshell, the demand for homes is significantly greater than what’s available to purchase.

 

 

"We know buyers will be competing for your home."

 

 

What does this mean for you? You have an incredible advantage when you sell your house under these conditions. Since buyer demand is so high at a time when seller traffic is so low, there’s a good chance that buyers will be competing for your house. In fact, we know that’s the case.

 

 

The NAR statistics show that the average sold home got 4.8 offers. Selling when demand is high and supply is low sets you up for the big win.

 

 

So what’s the bottom line? If you're ready to move, you have an incredible opportunity in front of you. Let’s connect. You can rely on our expertise, and we can help you win when you’re selling as well as when you’re buying.

 

 

If you have any questions, don’t hesitate to reach out via phone or email today. I look forward to hearing from you.

Posted in Selling
March 7, 2022

Why Real Estate Is Such a Secure Investment


Here is why real estate is a secure hedge against inflation.

Looking to buy a Phoenix home? Click here to see our featured listings. 
Looking to sell your home? Click here to get an INSTANT property valuation now!

 

If you’ve been following the news lately, you know that inflation is on the rise. Fortunately, there’s a great way to hedge against it: investing in real estate! Today I want to talk about why investing in real estate is such a great hedge against inflation and how you can take advantage. 



If we look at the last eight years, real estate has appreciated more than stocks, savings, gold, and just about everything else, For example, stocks have only increased by 21% over the last eight years. During that same time, the average property appreciated by 41%.

 

"Even when the market crashes, home values come back stronger than before."

 

The truth is that real estate is an incredibly secure investment. Any home purchased 10 years ago is probably worth much more now. Even when the market crashes, it comes back stronger than it was before. 

 

 

The average sales price in our area is in the $450,000 to $500,000 range, but you don’t have to go that high to protect yourself against inflation. We’d love to help you find an investment that works for you. Once you finally win a house, you can start building equity and securing your finances against whatever comes next. 

 

If you want to discuss inflation, investment properties, or a personal residence, please reach out to us. We’d love to help! 

Posted in Investing
Jan. 24, 2022

Is Now the Right Time To Buy a Home?

Is now the right time for you to buy a home? Here’s what you should know.

 

Looking to buy a Phoenix home? Click here to see our featured listings. 
Looking to sell your home? Click here to get an INSTANT property valuation now!

 

In 2021, we experienced the lowest interest rates of all time. We’re currently seeing rates increase due to inflation, and that will continue.

You need to think carefully about whether you should buy now with the lower rates or hope home prices level out somewhat. We’ve done the math, and purchasing a home now, even with the present prices, is a better deal than purchasing later when rates rise 0.5% or more. If you’re considering making a move, look at the numbers, speak with your lender, and reach out to us if you want to discuss home prices or buying strategies. Though you’ll have to figure out whether it’s the right time for you to buy, it’s certainly an excellent time to sell.

 

   We’re currently seeing rates

increase due to inflation.  

 

 

A 30-year fixed mortgage is best, but if you can afford a 15-year and want to go that route, that’s fine. You can also get a 30-year mortgage and pay it as though it’s a 15-year without much risk. We don’t recommend adjustable-rate mortgages unless you can get a guarantee that it’ll be safe for you. About 90% of the time, it’s not a safe choice. 

 

If you’d like our input about whether now is the time for you to buy, we’re available to discuss what’s happening in our real estate market, where we see it heading, inventory levels, and how all that might affect you. If you have real estate questions or we can help you in any way, please reach out to us via phone or email. We’d love to speak with you.

Posted in Buying, Market Updates
Dec. 29, 2021

We’re Ready to Help You in 2022

We’re wishing you the best in 2022 no matter what your plans are.

Looking to buy a Phoenix home? Click here to see our featured listings. 
Looking to sell your home? Click here to get an INSTANT property valuation now!

 

 

Welcome to 2022! We all have our New Year’s resolutions, and for many of you, buying or selling a home is on your list.

 

Since we’re in the first week of January and haven’t heard from you yet, we assume you aren’t planning on making a move right now. If you are and you’d like our help getting your home prepared to sell, getting prepared to buy, or anything else, we are here for you.

 

If you have any questions relating to real estate, don’t hesitate to reach out via phone or email. We look forward to hearing from you soon. Happy New Year!

Posted in Team
Dec. 20, 2021

Happy Holidays From Us

From our team to your family, we want to wish you a happy holiday season.

Looking to buy your next home? Click here to see our featured listings. 
Looking to sell your home? Click here to get an INSTANT property valuation now!

 

 

Happy holidays to you!

 

The holiday season has officially arrived. We hope you enjoy this wonderful time of year and make some fantastic memories.

 

We wanted to take a moment to thank you for your continued support. We love helping people make their real estate dreams come true, so thank you for working with us and supporting our business.

 

This may be a busy time of year, but we are always here to help you and answer any questions you may have. Give us a call or reply to this email; we’d love to help you.

 

In case we don’t hear from you until 2022, have a happy New Year!

Posted in Team
Nov. 24, 2021

How To Begin Your Real Estate Investing Journey

Here are the first few steps that every real estate investor should take.

Looking to buy a Phoenix home? Click here to see our featured listings. 
Looking to sell your home? Click here to get an INSTANT property valuation now!

 

 

The first thing you need is a strategy that aligns with what’s most important to you. Are you looking for short term or long term investments? Maybe a vacation rental? Are you planning for retirement? Is your focus on cash flow or appreciation? For those of you who are experienced investors, maybe you want to pivot and change your strategy up a little bit.

 

Then you’ll need to determine how you’ll fund the investment. Will it be with cash, financing, or a rich uncle?

 

If you have any questions about investing, how to get started, or how to continue building wealth through real estate, don't hesitate to reach out via phone or email. We look forward to hearing from you soon.

Posted in Investing
Nov. 15, 2021

Happy Thanksgiving!

We wouldn’t be where we are today without all of your support.

Looking to buy a Phoenix home? Click here to see our featured listings. 
Looking to sell your home? Click here to get an INSTANT property valuation now!

 

The 2021 holiday season has officially begun! We hope you are as excited as we are.

 

We’d like to take a moment to express our gratitude to all of you this Thanksgiving. We have met some truly wonderful people, and we’re proud to have helped so many reach their real estate goals over the years.

 

We wouldn’t be where we are today without all of your support.

 

Enjoy your Thanksgiving dinner—that’s what we plan to do!

 

In the meantime, please don’t hesitate to reach out to us if you have any real estate questions. We would be happy to help you.

 

Happy Thanksgiving!

Posted in 10x Homes Update
Sept. 14, 2021

Forced to Sell Your AZ Condo: What You Need To Know

You can be forced to sell your condo through this Arizona law.

Looking to buy a Phoenix home? Click here to see our featured listings. 
Looking to sell your home? Click here to get an INSTANT property valuation now!

 

Imagine you’re living in a condo, and one day you get a letter saying you’ll have to move. You don’t get to decide who you sell to, what the condo sells for, or the closing date. It seems hard to believe, but it happens. You don’t even need to be behind on your mortgage payments.

 

The law that allows this is called “termination of condominium.” A person or entity that controls at least 80% of the HOA votes can legally force sales of the remaining condos. Think about it like a hostile takeover in business. Investors leverage this law to turn condo communities into rental units or other investment opportunities.


This typically happens when investors quietly acquire more and more condos in a community. The fair market value of the condo is determined by an independent appraiser selected by the HOA. You can hire your own appraiser, and if there’s a 5% or more difference in the values, you can appeal the price. You will still have to sell, though.

 

"Once an investor gets 80% of the community, there’s not much you can do to stop it."

 

Reach out to us if this happens, and we can make sure you’re being treated fairly and that the process is legal. If it is being done illegally, we could get the sale canceled.

 

Sadly, once an investor gets 80% of the community, there’s not much you can do to stop it, but you can plan for it. When you’re buying a condo, ask about the HOA regulations and the ratio of individual owners to investors. Of course, the best recommendation is to simply buy a single-family home or townhome since the ownership is different.

 

Again, this has been happening more and more in Arizona because of the market conditions, so it’s good to be aware of it. If you have any questions about this or anything else real estate-related, reach out to us. We’d love to help you out.

Posted in Selling