Every mortgage rate conversation in the Valley sounds the same right now. Buyers are waiting on the Fed. Sellers are waiting on the Fed. Local news is waiting on the Fed. It’s as if one meeting in Washington sets the price of every home from Old Town to Desert Mountain. It doesn’t. And if you […]
When possible, the answer is absolutely yes! When a home is staged well, it really helps a buyer to get a sense of what it would be like to live there, and gives them a vision of what their life could be like at that property. This includes outdoor spaces as well, especially with Arizona […]
If a buyer has the financial liquidity, they may choose to pay for a home in cash and forgo mortgaging the home. The process for paying for a home in cash works a little bit differently. The main thing to note is that: Instead, you can request a letter from your financial institution that states […]
For nearly two years, anyone driving Loop 101 through north Scottsdale got used to barrier walls, lane shifts, and weekend closures timed around the WM Phoenix Open. That phase is over. ADOT and the City of Scottsdale have widened Loop 101 between Princess Drive/Pima Road and Shea Boulevard by one general-purpose lane in each direction, […]
Staging your home is an easy way to give prospective buyers a vision about how they could turn your property into a beautiful home of their own! Some sellers mistakenly assume all home buyers will be able to see the value of a home right off the bat. When in reality this can be a […]
Last week I told you the easy market was over. Prices softening, inventory building, and a Fed in no hurry to bail anyone out. I didn’t expect to be back seven days later with something heavier. On July 8, the U.S.-Iran ceasefire the one that had been holding since mid-June and had finally started calming […]
In a typical home buying transaction, you will go through both the pre-qualification and underwriting process. The pre-qualification process always precedes the full underwriting. When you are applying for a mortgage to buy a home, start by talking to your lender and have them outline all the steps you must take in order to complete […]
I want to talk about something I have been watching for several months something that is showing up in my conversations with buyers, in sellers’ behavior, and in the competitive intelligence I get from firms across the Valley. The data is just now confirming what experienced agents have been feeling since early spring. The housing […]
In the coming months, it’s important to watch whether financing conditions improve enough to bring more buyers into the market. Until sales activity strengthens meaningfully, home prices are likely to remain under pressure, with sellers facing increased competition for a limited pool of qualified buyers. The direction of mortgage rates and buyer demand will ultimately […]
The biggest trend to watch is whether inventory remains tight enough to continue supporting home prices as buyer activity remains subdued. Although mortgage rates have eased slightly, financing costs remain high enough to limit affordability and are not yet generating a meaningful increase in sales. If transaction volume continues to lag, sellers may need to […]
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