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Mortgage Rates Mortgage Rates Down a Full Percent from Recent High 8-24 Mortgage Rates Down a Full Percent from Recent High Mortgage rates have been one of the hottest topics in the housing market lately because of their impact on affordability. And if you’re someone who’s looking to make a move, you’ve probably been waiting eagerly for rates to come down for that very reason. Well, if the past few weeks are […]
My Monthly Market Summary Market Summary for the Beginning of August 2024 Market Summary for the Beginning of August Good evening, Overall, the Greater Phoenix housing market is neutral; however, more areas are slightly favoring buyers. With mortgage rates heading down to the 6% area this should fuel demand therefore decrease inventory as we saw last month, neutral scenario may flip again, we shall see.  If you’re […]
Uncategorized The Biggest Mistakes Sellers Are Making Right Now 2024 The Biggest Mistakes Sellers Are Making Right Now The housing market is going through a transition. Higher mortgage rates are causing more moderate buyer activity at the same time the supply of homes for sale is growing. And if you aren’t working with an agent, you may not realize that. Here’s the downside. If you’re not informed, you can’t adjust […]
Uncategorized Are Home Prices Going To Come Down? 8/2024 Are Home Prices Going To Come Down? Today’s headlines and news stories about home prices are confusing and make it tough to know what’s really happening. Some say home prices are heading for a correction, but what do the facts say? Well, it helps to start by looking at what a correction means. Here’s what […]
Uncategorized 3 Reasons Why We’re Not Headed for a Housing Crash 8/2024 3 Reasons Why We’re Not Headed for a Housing Crash Some Highlights Back in 2008, there was an oversupply of homes for sale. Today, there’s an undersupply. The three main sources of inventory show this isn’t like the last time. Existing homes, new homes, and foreclosures are all way below the levels we saw during the housing crash. Inventory data […]
Uncategorized Why Working with a Real Estate Professional Is Crucial Right Now Navigating the housing market can be tricky, especially these days. That’s why having an experienced guide when buying or selling a home is so important. The market isn’t exactly straightforward right now, and working with a real estate expert can offer insights and advice that make all the difference. While today’s market conditions might seem confusing or overwhelming, you don’t have […]
Uncategorized The Difference Between an Inspection and an Appraisal The Difference Between an Inspection and an Appraisal When you decide to buy your first home, you may come across a number of terms and conditions you’re not familiar with. While you may have a general idea of what an inspection is, maybe you’re not sure why you need one or how it’s different from an […]
My Monthly Market Summary Market Summary for the Beginning of July Hello, It’s that time again, Market Summary for the Beginning of July Here are the basics – the ARMLS numbers for July 1, 2024 compared with July 1, 2023 for all areas & types:   Active Listings: 18,121 versus 11,545 last year – up 57% – and up 0.4% from 18,044 last month Under Contract Listings: […]
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Uncategorized What To Do When Your House Didn’t Sell What To Do When Your House Didn’t Sell If your listing expired and your house didn’t sell, it’s totally natural to feel a mix of frustration and disappointment. And as you’re working through that, you’re probably also wondering what went wrong and what you should do next. If you still need to move and want to […]
Uncategorized Do Elections Impact the Housing Market? 6/24 Do Elections Impact the Housing Market? The 2024 Presidential election is just months away. As someone who’s thinking about potentially buying or selling a home, you’re probably curious about what effect, if any, elections have on the housing market. It’s a great question because buying or selling a home is a major decision, and it’s natural to wonder how such a major event […]
Mortgage Rates Worried About Mortgage Rates? Control the Controllables 6/24 Worried About Mortgage Rates? Control the Controllables Chances are you’re hearing a lot about mortgage rates right now. You may even see some headlines talking about last week’s Federal Reserve (the Fed) meeting and what it means for rates. But the Fed doesn’t determine mortgage rates, even if the headlines make it sound like they do. The truth is, mortgage […]
My Monthly Market Summary Phoenix Housing Market Update from Shawn with Coldwell Banker Realty ALERT: THE MARKET IS SHIFTING.. Market Summary for the Beginning of June Hello, hope you’re all doing well! Here are the basics – the ARMLS numbers for June 1, 2024 compared with June 1, 2023 for all areas & types: Active Listings: 17,129 versus 11,730 last year – up 54% – and up 5.3% from 17,129 […]
Uncategorized Questions You May Have About Selling Your House Questions You May Have About Selling Your House There’s no denying mortgage rates are having a big impact on today’s housing market. And that may leave you with some questions about whether it still makes sense to sell your house and make a move. Here are three of the top questions you may be asking – and the data that […]
Uncategorized How an Agent Helps Market Your House How an Agent Helps Market Your House You’re ready to sell your house. But what do you need most from your real estate agent? Well, the National Association of Realtors (NAR) asked that very question to recent sellers and found one of the top things they were looking for is help marketing their house to potential buyers. Maybe […]
Uncategorized What To Expect if You Buy or Sell a Home This June 2024 What To Expect if You Buy or Sell a Home This June June is a busy month in the housing market because a lot of people buy and sell this time of year. So, if you’ve got a move on your mind and you’re looking to make it happen this month, here’s a snapshot of what you need to know to […]
Uncategorized Home Prices Are Climbing in These Top Cities Home Prices Are Climbing in These Top Cities Thinking about buying a home or selling your current one to find a better fit? If so, you might be wondering what’s going on with home prices these days. Here’s the scoop. The latest national data from Case-Shiller and the Federal Housing Finance Agency (FHFA) shows they’re going up (see graphs below): As you can see, home […]
Uncategorized Thinking of Selling? You Want an Agent with These Skills Thinking of Selling? You Want an Agent with These Skills Selling your house is a big decision. Your home is one of the biggest investments you’ve probably ever made, and it’s a place where you’ve created countless memories. That combo means there’s going to be a lot of emotions involved. You want someone who understands your perspective, […]
My Monthly Market Summary Market Summary for the Beginning of May 2024 Hello again, Hope you’re all doing well! (Click here to see What is my Home Value I will send you results within minutes.) **** **** **** Market Summary for the Beginning of May Here are the basics – the ARMLS numbers for May 1, 2024 compared with May 1, 2023 for all areas & types: Active Listings: 17,129 […]
Uncategorized Now’s a Great Time To Sell Your House Now’s a Great Time To Sell Your House Thinking about selling your house? If you are, you might be weighing factors like today’s mortgage rates and your own changing needs to figure out your next move. Here’s something else to consider. According to the latest Home Purchase Sentiment Index (HPSI) from Fannie Mae, the percent of respondents who say it’s a good time to sell […]
Uncategorized What You Really Need To Know About Home Prices What You Really Need To Know About Home Prices According to recent data from Fannie Mae, almost 1 in 4 people still think home prices are going to come down. If you’re one of the people worried about that, here’s what you need to know. A lot of that fear is probably coming from what you’re hearing in […]

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