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Uncategorized Secrets To Selling Your House Quickly Secrets To Selling Your House Quickly Seeing your house sit on the market without any bites is the ultimate frustration. And unfortunately, some sellers are in that tricky spot today. According to data from the National Association of Realtors (NAR), the average time a house spends on the market has increased over the past few years (see graph below): A recent post from Realtor.com notes […]
Markets Home Values Rise Even as Median Prices Fall Oct 2024 Home Values Rise Even as Median Prices Fall Recent headlines have been buzzing about the median asking price of homes dropping compared to last year, and that’s sparked plenty of confusion. And as a buyer or seller, it’s easy to assume that means prices are coming down. But here’s the catch: those numbers don’t tell the full story. […]
Uncategorized Don’t Fall for These Real Estate Agent Myths Don’t Fall for These Real Estate Agent Myths When it’s time to buy or sell a home, one of the most important decisions you’ll make is who you’ll work with as your agent. That choice will have an impact on your entire experience and how smoothly it goes. As you figure out who you’ll partner with, it’s important to know […]
My Monthly Market Summary Greater Phoenix Housing Market Update from Shawn with Coldwell Banker Realty Good evening, As I stated in my mid-September update, I was seeing buyer traffic pick up, and wow, the September numbers certainly reflect that! What an improvement in under-contract/pending sales, best seen in the last five months! Read below for more info….. Market Summary for the Beginning of October Here are the basics – the ARMLS […]
Mortgage Rates Mortgage Rates Drop to Lowest Level in over a Year and a Half Mortgage Rates Drop to Lowest Level in over a Year and a Half Mortgage rates have hit their lowest point in over a year and a half. And that’s big news if you’ve been sitting on the homebuying sidelines waiting for this moment. Even a small decline in rates could help you get a better monthly […]
Mortgage Rates Falling Mortgage Rates Are Bringing Buyers Back Sept 2024 Falling Mortgage Rates Are Bringing Buyers Back If you’ve been hesitant to list your house because you’re worried no one’s buying, here’s your sign it may be time to talk with an agent. After months of high rates keeping buyers on the sidelines, things are starting to shift. Rates are already coming down due to a number […]
My Monthly Market Summary Market Summary for the Beginning of September 2024 Market Summary for the Beginning of September Here are the basics – the ARMLS numbers for September 1, 2024 compared with September 1, 2023 for all areas & types: Active Listings : 18,430 versus 11,969 last year – up 54% – and up 5.5% from 17,474 last month Under Contract Listings : 6,658 versus 7,111 last […]
Markets Hello from Shawn; where will things be in a year Hello from Shawn; where will things be in a year I would love to hear your thoughts….. You can click below to see what others say about how the 2025 housing market may look like. My thoughts and some statistical facts: As long as the economy can maintain jobs and interest rates continue their downward projection, the housing market should continue to support these levels and likely […]
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Markets 2025 Housing Market Forecasts: What To Expect 2025 Housing Market Forecasts: What To Expect Looking ahead to 2025, it’s important to know what experts are projecting for the housing market. And whether you’re thinking of buying or selling a home next year, having a clear picture of what they’re calling for can help you make the best possible decision for your homeownership plans. Here’s an early […]
Markets Are We Heading into a Balanced Market? Are We Heading into a Balanced Market? If you’ve been keeping an eye on the housing market over the past couple of years, you know sellers have had the upper hand. But is that going to shift now that inventory is growing? Here’s a breakdown of what you need to know. What Is a Balanced Market? A […]
Mortgage Rates How the Economy Impacts Mortgage Rates How the Economy Impacts Mortgage Rates As someone who’s thinking about buying or selling a home, you’re probably paying close attention to mortgage rates – and wondering what’s ahead. One thing that can affect mortgage rates is the Federal Funds Rate, which influences how much it costs banks to borrow money from each other. While the Federal Reserve (the Fed) doesn’t directly […]
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: […]
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 […]

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