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My Monthly Market Summary Phoenix Housing Market Update from Shawn with Coldwell Banker Realty The October jobs report came in at 150,000, below expectations of 180,000. It was a resilient but moderating job growth number that signifies easing wage pressure. As a result, the 10-year Treasury bond surged like a meme stock, causing the 10-year yield to drop to about 4.56% from 4.9%. This move shows how quickly interest […]
Uncategorized Don’t Believe Everything You Read About Home Prices 11-2023 Don’t Believe Everything You Read About Home Prices According to the latest data from Fannie Mae, 23% of Americans still think home prices will go down over the next twelve months. But why do roughly 1 in 4 people feel that way? It has a lot to do with all the negative talk about home prices over the […]
Uncategorized A Real Estate Agent Helps Take the Fear Out of the Market A Real Estate Agent Helps Take the Fear Out of the Market Do negative headlines and talk on social media have you feeling worried about the housing market? Maybe you’ve even seen or heard something lately that scares you and makes you wonder if you should still buy or sell a home right now. Regrettably, when news in the media […]
Uncategorized Unmasking Scary Myths about Today’s Housing Market Oct 2023 Unmasking Scary Myths about Today’s Housing Market [INFOGRAPHIC] Some Highlights Here’s what you really need to know about a few myths causing fear in today’s housing market. Despite common misconceptions, many people can buy a home even if they have student loans, home prices are rising nationally (not falling), and you usually don’t have to have 20% for a down payment. If you have other fears […]
Uncategorized Affordable Homeownership Strategies for Gen Z 2023 Affordable Homeownership Strategies for Gen Z The idea of owning a home has always been a big part of the American Dream. It’s a symbol of stability, independence, and having a place to truly call your own. But for Gen Z, the “Zoomers” born between 1997 and 2012, making that dream a reality can feel […]
Uncategorized Invest in Yourself by Owning a Home 2023 Invest in Yourself by Owning a Home Are you wondering if it makes sense to buy a home right now? While today’s mortgage rates might seem a bit intimidating, here are two compelling reasons why it still may be a good time to become a homeowner. Home Values Appreciate over Time There’s been a lot of confusion around what’s happened […]
Mortgage Rates Are Higher Mortgage Rates Here To Stay? Are Higher Mortgage Rates Here To Stay? Mortgage rates have been back on the rise recently and that’s getting a lot of attention from the press. If you’ve been following the headlines, you may have even seen rates recently reached their highest level in over two decades (see graph below): That can feel like a little bit of […]
My Monthly Market Summary Housing Market Summary for the Beginning of October 2023 Housing Market Summary for the Beginning of October Hello, September’s spike in mortgage rates resulted in more buyers postponing their home searches. We have a higher increase of new listings in September compared to August which is unusual, and this coincides with more price reductions on listings. I still predict that home prices will be […]
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Uncategorized Things to Consider When Buying a Home 9/2023 Fall Edition Things to Consider When Buying a Home The process of buying a home can be overwhelming at times, but you don’t need to go through it alone. You may be wondering if now is a good time to buy a home … or if interest rates are projected to rise or fall. I put together […]
Uncategorized Things to Consider When Selling Your House 9/2023 Fall Edition Things to Consider When Selling Your House It’s difficult to know when is the best time to sell, or how to get the most money for your house, but you don’t need to go through the process alone. You may be wondering if prices are projected to rise or fall… or how much competition you […]
Uncategorized Planning to Retire? Your Equity Can Help You Make a Move Planning to Retire? Your Equity Can Help You Make a Move Reaching retirement is a significant milestone in life, bringing with it a lot of change and new opportunities. As the door to this exciting chapter opens, one thing you may be considering is selling your house and finding a home better suited for your evolving needs. Fortunately, […]
Uncategorized What Experts Project for Home Prices Over the Next 5 Years What Experts Project for Home Prices Over the Next 5 Years If you’re planning to buy a home, one thing to consider is what experts project home prices will do in the future and how that might affect your investment. While you may have seen negative news over the past year about home prices, they’re doing far better […]
My Monthly Market Summary Market Summary for the Beginning of September 2023 Market Summary for the Beginning of September 2023 Here are the basics – the ARMLS numbers for September 1, 2023 compared with September 1, 2022 for all areas & types: Active Listings: 11,969 versus 18,694 last year – down 36% – but up 6.5% from 11,241 last month Pending Listings: 4,604 versus 5,607 last year – […]
My Monthly Market Summary Market Summary for the Beginning of 2023 Here’s to a bright New Year and a fond farewell to the old; here’s to the things that are yet to come, and to the memories that we hold. – May You Have A Prosperous New Year! “The future belongs to those who believe in the beauty of their dreams.” – Eleanor Roosevelt Market Summary […]
My Monthly Market Summary Market Summary for the Beginning of February 2023 Market Summary for the Beginning of February Here are the basics – the ARMLS numbers for February 1, 2023 compared with February 1, 2022 for all areas & types: Active Listings : 15,598 versus 4,876 last year – up 220% – but down 4.3% from 16,298 last month Pending Listings: 5,109 versus 7,798 last year – […]
My Monthly Market Summary Market Summary for the Beginning of March 2023 Market Summary for the Beginning of March Here are the basics – the ARMLS numbers for March 1, 2023 compared with March 1, 2022 for all areas & types: Active Listings: 14,739 versus 4,588 last year – up 221% – but down 5.5% from 15,598 last month Pending Listings: 5,911 versus 8,333 last year – down […]
My Monthly Market Summary Market Summary for the Beginning of April Market Summary for the Beginning of April Here are the basics – the ARMLS numbers for April 1, 2023 compared with April 1, 2022 for all areas & types: Active Listings : 13,933 versus 5,051 last year – up 176% – but down 5.5% from 14,739 last month Pending Listings: 5,701 versus 8,008 last year – […]
My Monthly Market Summary Market Summary for the Beginning of May With only 12,500 active listings without a contract we are once again approaching a dire shortage of homes for sale. Even a modest increase in demand is likely to force prices higher and quickly recover the ground lost over the past 12 months. The median sales price is down almost 9% compared to a year […]
My Monthly Market Summary Market Summary for the Beginning of June Market Summary for the Beginning of June Here are the basics – the ARMLS numbers for June 1, 2023 compared with June 1, 2022 for all areas & types: Active Listings : 11,730 versus 9,439 last year – up 24% – but down 6.2% from 12,503 last month Pending Listings: 5,696 versus 6,887 last year – […]
My Monthly Market Summary Market Summary for the Beginning of July Market Summary for the Beginning of July Here are the basics – the ARMLS numbers for July 1, 2023 compared with July 1, 2022 for all areas & types: Active Listings: 11,545 versus 14,406 last year – down 20% – and down 1.6% from 11,730 last month Pending Listings: 4,997 versus 5,766 last year – down […]