In the coming months, it’s important to watch whether inventory continues to grow, as more homes on the market could give buyers additional negotiating power. Mortgage rates will remain the biggest driver of buyer activity, with even small changes influencing affordability and the pace of sales. Finally, sellers who price their homes competitively are likely […]
In the coming months, it’s important to watch whether inventory continues to tighten after July’s 10% decline, as this could place renewed upward pressure on home prices. Mortgage rates will remain the biggest factor influencing affordability and buyer activity. If borrowing costs stabilize while inventory remains limited, Metro Phoenix is positioned to continue experiencing a […]
We are so glad you asked! Often people decide they want to buy a home, but they aren’t super clear on the particulars of what they want that home to look like in terms of location, size, features, and price. The outer ring is the first step where you may begin to start looking at […]
Last week’s conversation was about Japan quietly pulling capital out of the US Treasury market and why that, more than anything the Fed does, is what’s really holding up your mortgage rate. I did not expect the story to escalate within days of that conversation. On July 31st, a photographer caught something over Treasury Secretary […]
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 […]
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