In February 2024, the Metro Phoenix housing market witnessed a significant increase in sold listings compared to January. Despite this uptick in sales, the average sales price experienced a slight decline to $1,032,410, yet the average price per square foot rose to $379. The inventory of available properties for sale decreased from 6.1 months in […]
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 […]
Federal Reserve Chair Jerome Powell’s testimony before Congress on Wednesday underscored the central bank’s cautious stance on interest rate cuts despite mounting pressure for monetary easing. Powell reiterated the Fed’s commitment to closely monitoring inflation and economic indicators before considering any adjustments to interest rates. In his prepared remarks to the House Financial Services Committee, […]
Step one is accepting the universal truth that the perfect property doesn’t exist. That shouldn’t discourage anyone in the home buying process, because you can still find the perfect home for your needs! It’s just highly unlikely that one house will check off everything on your wishlist, which is why we encourage prospective buyers to […]
Inflation, the relentless specter haunting the economy, has once again defied expectations, casting a shadow over hopes for a swift resolution to its grasp on consumer wallets. According to the latest report from the Labor Department, inflation surged more than anticipated in January 2024, propelled by the unyielding surge in shelter prices, which has become […]
When your home is for sale, you want your property to shine both inside and outside. Before you sell your home, you will want to have a landscaper come by to spruce up the outside to make sure that your yard looks tidy, as this will maximize your home’s curb appeal. On the inside, you […]
For both buyers and sellers, the good news is that mortgage rates have steadily declined since last October and are expected to remain in the mid-6% range for 2024. While higher than the record lows of 2020 and ’21, they still fall below the historical average of 7.74%. This, along with increased inventory, signals the […]
For both buyers and sellers, the good news is that mortgage rates have steadily declined since last October and are expected to remain in the mid-6% range for 2024. While higher than the record lows of 2020 and ’21, they still fall below the historical average of 7.74%. This, along with increased inventory, signals the […]
One question persists in the minds of those considering a move in today’s housing market: Why is it so hard to find a house to buy? Waiting for more options might seem tempting, but the reality is that it’s not the best strategy. Let’s delve into the underlying factors contributing to the low housing inventory […]
Here comes the fun part: discussing your vision about features you would love for your new home to have! There is an overwhelming amount of possibilities out there, so your realtor should help you to stay focused on making a list of what features are most important to you. Of course it’s important to prioritize […]
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