Buyer

April 13, 2021

Smaller Homes The In thing?

Smaller Homes Are IN

Over the past year, we’ve had plenty of opportunities to reflect on what we consider most important in our lives. The place we call home is one of the biggest things many of us are reevaluating. George Ratiu, Senior Economist at realtor.com, shares:

  • “The very nature of the pandemic ...
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Posted in Buyer, Market Updates
April 7, 2021

Arizona Real Estate and the Latest Jobs Report

Arizona Jobs Report

Last Friday, the Bureau of Labor Statistics released a very encouraging jobs report. The economy gained 916,000 jobs in March – well above expert projections of 650,000 to 675,000. The unemployment rate fell again and is now at 6%.

What does this mean for Arizona?

Our lives ...

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April 5, 2021

Tax Refund To Boost Down Payment Savigns

Down Payment

If you’re planning to buy an Arizona home this year, saving for a down payment is one of the most important steps in the process. One of the best ways to jumpstart your savings is by starting with the help of your tax refund.

Using data from the Internal Revenue ...

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Posted in Buyer, Market Updates
March 30, 2021

Mortgage Rates Impacts Your Homebuying Budget

Rates are on the rise in Arizona

Mortgage rates are on the rise this year, but they’re still incredibly low compared to the historic average. However, anytime there’s a change in the mortgage rate, it affects what you can afford to borrow when you’re buying a home. As Sam Khater, Chief Economist at Freddie Mac, shares:

  • “Since ...
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Posted in Buyer, Market Updates
March 26, 2021

Home Price Predictions By The Experts

Arizona Experts Project Appreciation this year

The average expert projection for home price appreciation this year is 5.9%. As home values rise, it’s a great time to make a move in the housing market. DM me today to learn how price appreciation can help you achieve your goals, whether you’re selling or buying a home ...

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March 26, 2021

Expert Insights 2021Arizona Real Estate

Expert Real Estate Insights.

Expert Insights on the Budding Spring Housing Market

March 25, 2021

Experts agree the housing market is set to bloom this spring. Let's connect to make sure you're ready to buy or sell this season ...

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Posted in Buyer, Market Updates
March 26, 2021

List Price or Starting Bid

 

Going once

 

 

For generations, the homebuying process never really changed. The seller would try to estimate the market value of the home and tack on a little extra to give themselves some negotiating room. That figure would become the listing price of the house. Buyers would then try to ...

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Posted in Buyer, Market Updates
March 24, 2021

Rates are now too high!!!!!

Missed the super low rate boat

Don’t let the recent rise in #mortgagerates derail your plans to buy a home. In reality, rates are still lower than they’ve been in decades. Contact me to get started on the homebuying process and still get a great mortgage rate.

#interestrates #recordlowrates #buyingahome #homebuying #firsttimehomebuyer #opportunity #housingmarket #househunting #makememove ...

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Posted in Buyer, Market Updates
March 24, 2021

Don't over do it with a refinance!

 

Surge in Refinancing

 

Freddie Mac recently released their Quarterly Refinance Statistics report which covers refinances through 2020. The report explains that the dollar amount of cash-out refinances was greater in 2020 than in recent years. A cash-out refinance, as defined by Investopia, is:

  • “a mortgage refinancing option in which an old ...
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Posted in Buyer, Market Updates
March 22, 2021

Credit Score To Buy A Home

 

Credit Score for a mortgage

 

According to data from the most recent Origination Insight Report by Ellie Mae, the average FICO® score on closed loans reached 753 in February. As lending standards have tightened recently, many are concerned over whether or not their credit score is strong enough to qualify for a mortgage ...

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Posted in Buyer, Market Updates