Real Estate Blog!

Nov. 25, 2020

Seven Reasons Not To Wait To Sell Your House

Don't Wait To Sell in Arizona

2020 is different than any other typical real estate year.  Holidays are normally a time when sellers decide to take there homes off the market until after new year.  Buyers lay low until they are ready to focus on buying a home and not shopping.  2020 is different because rates are so low, and homes are in such an undersupply there is no slow down in Arizona this year.

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Posted in Market Updates
Nov. 24, 2020

Surprise Homes With an Acre

Dog Needs Home With Land in Surprise AZ

Just get a new puppy?  You are not alone!  Home buyers are changing the way they purchase homes.  Now that home owners have different needs,  they are looking for homes with land.

Check out homes for sale in Surprise AZ with an ACRE or more

 

Posted in Market Updates
Nov. 24, 2020

Mortgage Rates Fueling Low Inventory in Arizona

Buying a home financial decisions

There’s no doubt 2020 has been a very challenging year in Arizona. A global pandemic coupled with an economic recession has caused headaches for many people in AZ. However, it has also prompted more people in Arizona to reconsider the meaning of “home.” This quest for a house better designed to fulfill our current needs, along with record-low mortgage rates, has skyrocketed the demand for home purchases.

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Posted in Market Updates
Nov. 23, 2020

Record Low Rates Creating Competition When Buying a Home

Reasons buyers don't get a home

Current Surprise AZ home owners are taking their time putting their home on the market.  2020's record mortgage rates have created high demand for homes for sale.  Home buyers are challenged with getting out bid, and homes on and off of the market almost instantly. Some buyers have decided to put the home buying hold, and this could be a mistake, here is why:

National Association of home builder reports:

“The length of time spent searching for a home continues to grow.”

The report indicates that 62% of buyers now spend 3 months or more looking for a home, an increase from 58% one year ago.

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Posted in Market Updates
Nov. 20, 2020

2021 Mortgage Rate Predictions

Mortgage Rate Predictions

Arizona home buyers were blessed throughout 2020 with super low mortgage rates.  Pushing home prices up and Arizona Home inventory lower.  Will home mortgage rates go up for 2021?

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Posted in Market Updates
Nov. 18, 2020

Arizona Foreclosure Expert Predictions

AZ Foreclosure

Some concerns in Arizona that the 2020 economic downturn will lead to another foreclosure crisis like the one we experienced after the housing crash a little over a decade ago. However, there’s one major difference this time for home owners: The Congress started the Cares Act in March 2020 that helped homeowners with federally backed loans. They kept the lenders from starting foreclosure and began forbearance programs.

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Posted in Market Updates
Nov. 17, 2020

Don't Overlook These Things When Home Searching

Home Searching

When searching for a potential home, it’s easy to fall in love fast.  Often times, only the best pictures, which are almost all edited in some form, show up for the viewer to click through.  There is a story about how perfect the home is or how amazing it could be with a little bit of work.

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Posted in Market Updates
Nov. 17, 2020

Surprise AZ Home Inventory Historically Low

Surprise Home Inventory Low

 

Through all the challenges of 2020, the Surprise Arizona real estate market has done very well, and purchasers are continuing to take advantage of historically low mortgage rates. Realtor Magazine just explained:

“While winter may be typically a slow season in real estate, economists predict it isn’t likely to happen this year…Low inventories combined with high demand due to record-low mortgage rates is sending buyers to the market in a flurry.”

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Posted in Market Updates
Nov. 16, 2020

Working from Home Is Helping Real Estate

 

Working From Home News

 

 

Working at home is not new in Surprise Arizona,  but it is now a lot more popular.  Companies trying to keep employees safe and away from large gatherings have been doing what they can to keep more and more people working from home.  This has changed what people are looking for in a home!

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Posted in Market Updates
Nov. 13, 2020

Video Impact Of Buying A Home 2020

The Economic Impact of Buying a Home

November 12, 2020

When you buy a home, you're making an impact on our local economy. Let's connect today to explore your homebuying options together.