Market Updates

Feb. 21, 2020

2020 Mortgage Rates Infographic over time

Infographic on mortgage interest rates over timeSome Mortgage Infographic Highlights:

  • With mortgage interest rates currently close to near historic lows, now is a great time to review the past rates, where they’ve been, and how much mortgage rates  changed over time.
  • Research from Freddie Mac, mortgage interest rates are currently hovering near a five-decade low.
  • The ...
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Posted in Market Updates
Feb. 20, 2020

2020 Mortgage Rates keeping buyers in the game in Surprise AZ

Real Estate and Rates in Surprise AZ

 

The Misconception

Many believe when real estate values in Surprise AZ are increasing, owning a home becomes less affordable. That misconception is not necessarily true.

In 2020 most cases, homes are purchased with a home loan. The current mortgage rate is a major factor of the affordability equation. Mortgage ...

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Posted in Market Updates
Feb. 13, 2020

2020 Coronavirus affects on Real Estate in Arizona

Arizona Real Estate Direction 2020 Speculations

As our real estate experts and global economist speculate on the market in 2020,  All we can really do is make our most informed decisions. Try to make conservative investments that we can afford to ride out market conditions.  I would not bet against Arizona real estate for ...

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Posted in Market Updates
Feb. 10, 2020

Downsizing options in Arizona 2020

Downsizing your home in 2020 blog photo

Great news for you if your home is just too big, and your thinking about down sizing. Home values have been increasing for 93 consecutive months, according to the National Association of Realtors.

If you’re a homeowner, particularly one looking to downsize your living space, that’s great news, as you’ve ...

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Posted in Market Updates
Feb. 5, 2020

Reasons it is a challenge to find an Arizona home in 2020

Finding a home in 2020 challenge

The talk about real estate in Arizona today all revolve around a shortage of homes available for sale. Price appreciation is accelerating again because there is a shortage of homes available for sale. First-time buyers are taking longer to purchase a home because there is a shortage of homes available ...

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Posted in Market Updates
Jan. 31, 2020

Strength Of The Economy 2020 in Arizona

Arizona Big Game and Home Ownership Infographic

Strength Of The Economy 2020 in Arizona

 

One thing we all know is we don't have a crystal ball, and we all know we can rely on things changing.  The state of the economy in Arizona is not easily predicted.  Here is what the experts are ...

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Posted in Market Updates
Jan. 29, 2020

Home Buyer demand is surprisingly strong

experts on real estate

If you’re following what’s happening in the current Arizona housing market, you’ve seen how the lack of newly constructed homes is a major reason there’s a shortage of housing inventory available to today’s home buyers.

Real estate experts are not agreeing on the future of real estate in 2020,  ...

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Posted in Market Updates
Jan. 28, 2020

2020 a good time to sell a home in Arizona

Selling your home in 2020

Arizona real estate markets change, If you are thinking “Should I sell my Arizona house this year?” the current Housing Opportunities and Market Experience (HOME) Survey from the National Association of Realtors® (NAR) should boost your confidence as it relates to the current selling sentiment in the housing market ...

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Posted in Market Updates
Jan. 27, 2020

First Time Home Buyers up in 4th Qtr 2019

First Tim Home Buyers Blog Post 2020

This is good news for Surprise AZ sellers looking to move up from a first home, or entry level home.  

In the latest Housing Trends Report, the National Association of Home Builders (NAHB) measured the share of adults planning to buy a home over the next 12 months. The ...

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Posted in Market Updates
Jan. 23, 2020

Less new construction fueling home shortage in Arizona?

The headlines in Arizona and US real estate today all revolve around one key point: There is a shortage of homes available for sale. Price of homes / appreciation is accelerating again because there is a shortage of homes available for sale compared to last year.

First-time buyers are taking longer ...

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Posted in Market Updates