You can use the internet to your advantage to curate a highlight reel of photos that allows you to market your home in it’s most favorable light. We’ve talked about some of the drawbacks of the online listing services, but there are also many benefits to selling a home in the digital world. By writing […]
In the coming months, it’s important to watch whether strong buyer demand continues, with sales up 9% year-over-year even as prices hold flat. Inventory remains tight at just 2.73 months, but rising Expireds and Cancelled properties show that sellers who overprice may struggle to find buyers. With mortgage rates steady around 6.27%, the market’s direction […]
The answer is no! Someone might think it’s amazing that their home listing was viewed by thousands of people, but in reality that metric is meaningless if none of those online viewers are interested buyers. Always remember, the internet does give homes way more exposure online to reach a vast audience, but that also means […]
The Metro Phoenix housing market is shifting as we move into fall, with average home prices down 15% and price per square foot dipping to $347. While inventory rose slightly in August, the market still holds over five months of supply, giving buyers more leverage and keeping sellers competitive when pricing their homes. Meanwhile, mortgage […]
If professional staging is not an option for your home, that’s ok too! It’s still possible to stage your home on your own and with your own furniture. Your mantra while in the staging process should become: less is more. Let that be your mindset while you work on staging your home. The first rule […]
For months, buyers, sellers, and investors have been watching the Federal Reserve’s next move, anticipating a probable cut in the Fed Funds rate. The hope is simple: lower rates mean cheaper mortgages and a reinvigorated housing market. However, the situation is far more intricate. Even if the Fed decides to cut, the reduction in mortgage […]
For years, the conventional wisdom has been simple: the Federal Reserve cuts rates, mortgage costs fall, and home prices rise. But there’s a growing body of evidence, and a very different framework from economist Richard Werner, suggesting the causality runs the other way. If you buy Werner’s argument that interest rates follow the economy instead […]
The two most important goals of the staging process? Maximizing the space and flow of your home. When staging a house, it is important to remember that prospective buyers are far less interested in the interior design compared to seeing the attributes of the home. Buyers know that paint colors and curtains can be easily […]
1. Consumer Price Index (CPI) – Phoenix Metro Area Implication for real estate: 2. Employment & Unemployment Trends Unemployment Rates Job Market Momentum Implication for real estate: 3. How These Factors Intersect in the Phoenix Real Estate Market Here’s how CPI and employment trends are playing out on the ground: Summary Snapshot Final Takeaway In […]
In the coming months, it’s important to watch for signs of renewed buyer activity if mortgage rates begin to ease from current levels. Inventory remains elevated, but softening prices, especially in the mid-to-luxury tier, may not last if demand picks up. Buyers currently have the upper hand, but that window could narrow quickly with any […]
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