Blog - Page 3 of 134 - J.P. Cook - Arizona Real Estate

The real estate market is moving more and more into a complete recovery. Home values are up. Home sales are up. Distressed sales (foreclosures and short sales) have fallen dramatically. It seems that 2017 will be the year that the housing market races forward again. However, there is one thing that may cause the industry

#1 Answer to the Housing Shortage: New Construction

August 1, 2017

First Time Home Buyers, For Buyers, Move-Up Buyers, New Construction

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The biggest challenge to today’s housing market is the shortage of housing inventory for sale. A normal market would see a six-month supply of homes for sale. Currently, that number is below four months. This is the major reason home prices have continued to appreciate at higher levels than historic averages. The good news is

Why Working with a Local Real Estate Professional Makes All the Difference

July 31, 2017

First Time Home Buyers, For Buyers, For Sellers, Millennials, Move-Up Buyers

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If you’ve entered the real estate market, as a buyer or a seller, you’ve inevitably heard the real estate mantra, “location, location, location” in reference to how identical homes can increase or decrease in value due to where they’re located. Well, a new survey shows that when it comes to choosing a real estate agent, the

Homeowners: Your Home Must Be Sold TWICE

July 27, 2017

For Sellers, Selling Your Home

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In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 5%+ over the next twelve months. One major challenge in such a market is the bank appraisal. If prices are surging, it is difficult for

Thinking of Selling? You Should Act NOW!

July 18, 2017

For Sellers, Selling a Home, Selling Your Home

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If you thought about selling your house this year, now more than ever may be the time to do it! The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned the concept of supply and demand: the best time to

More Americans Chose to Own a Home Than Rent in First Qtr 2017

July 17, 2017

First Time Home Buyers, For Buyers

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According to the latest report from the US Census Bureau, more Americans chose purchasing a home over signing a lease to rent in the first quarter of 2017. This marks the first time since 2006 that the number of new homeowner households outpaced the number of new renter households. Of the 1.22 million new households

5 Reasons Why You Should Not For Sale By Owner!

July 14, 2017

For Sellers, FSBOs

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In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their homes on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority of sellers. Here are

Is Now a Good Time to Rent?

July 14, 2017

First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers

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People often ask if now is a good time to buy a home, but nobody ever asks when a good time to rent is. Regardless, we want to make certain that everyone understands that today is NOT a good time to rent. The Census Bureau recently released their 2017 first quarter median rent numbers. Here is a graph

Common Mistakes Homeowners Make With Good Intentions

July 13, 2017

Cleaning, homeownership, houselogic, mistakes, Story Ideas

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New homeowners always have the best intentions when it comes to taking care of their house. However, no one is knows all the ins and outs of maintaining a home right off the bat, so avoidable mistakes are often made in the beginning. In an attempt to protect new countertops, many owners will apply sealant

Epic Housing Shortage Being Reported

July 6, 2017

For Sellers, Housing Market Updates, New Construction

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The Joint Center of Housing Studies (JCHS) at Harvard University recently released their 2017 State of the Nation’s Housing Study, and a recent blog from JCHS revealed some of the more surprising aspects of the study. The first two revelations centered around the shortage of housing inventory currently available in both existing homes and new