Blog - Page 8 of 134 - J.P. Cook - Arizona Real Estate

Some industry experts are claiming that the housing market may be headed for a slowdown as we proceed through 2017, based on rising home prices and a potential jump in mortgage interest rates. One of the data points they use is the Housing Affordability Index, as reported by the National Association of Realtors (NAR). Here

NAR Goes to Capitol Hill on Appraisals for VA Home Loan Program

April 5, 2017

Mortagage Tips

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It’s no secret that a professional appraisal is key to getting a clear understanding of the home purchase. It’s an important part of ensuring that buyers pay a fair price for their new home, and buyers who utilize the Department of Veterans Affairs’ Home Loan Guaranty Program are no exception. Realtors® took to Capitol Hill

Buying this Spring? Be Prepared for Bidding Wars

April 5, 2017

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

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Traditionally, spring is the busiest season for real estate. Buyers come out in force and homeowners list their houses for sale hoping to capitalize on buyer activity. This year will be no different! Buyers have already been out in force looking for their dream homes and more are on their way, but the challenge is

15,014 Homes Sold Yesterday… Did Yours?

April 4, 2017

For Sellers, Housing Market Updates, Pricing

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There are some homeowners that have been waiting for months to get a price they hoped for when they originally listed their house for sale. The only thing they might want to consider is… If it hasn’t sold yet, maybe it’s not priced properly. After all, 15,014 houses sold yesterday, 15,014 will sell today and 15,014 will sell tomorrow. 15,014! That

Millionaire to Millennials: Buy Now!

April 4, 2017

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

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Self-made millionaire David Bach was quoted in a CNBC article explaining that “the single biggest mistake millennials are making” is not purchasing a home because buying real estate is “an escalator to wealth.” Bach went on to explain: “If millennials don’t buy a home, their chances of actually having any wealth in this country are little to none. The

Real Estate on Opening Day: 9 Housing Stats for the 9 Baseball Field Positions

April 3, 2017

Housing Market, Just For Fun

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Play ball! Baseball is a game of numbers just as much as it is of home runs, stolen bases and strikeouts. To celebrate the unofficial first day of spring, Major League Baseball’s Opening Day, the National Association of Realtors® is serving up a fastball of recent real estate facts that correspond to each of the

Home Prices Up 6.15% Across the Country!

March 31, 2017

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

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Some Highlights: The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report. In the report, home prices are compared both regionally and by state. Based on the latest numbers, if you plan on relocating to another state, waiting to move may end up costing you more! Alaska, Delaware, West Virginia & Wyoming were the

Consumer Confidence in Economy and Housing is Soaring

March 30, 2017

For Buyers, For Sellers, Housing Market Updates

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The success of the housing market is strongly tied to the consumer’s confidence in the overall economy. For that reason, we believe 2017 will be a great year for real estate. Here is just a touch of the news coverage on the subject. HousingWire: “Consumers’ faith in the housing market is stronger than it’s ever

Looking to Move-Up to a Luxury Home? Now’s the Time!

March 29, 2017

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

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If your house no longer fits your needs and you are planning on buying a luxury home, now is a great time to do so! We recently shared data from Trulia’s Market Mismatch Study which showed that in today’s premium home market, buyers are in control. The inventory of homes for sale in the luxury

How Low Supply and High Demand Impacts the Real Estate Market

March 29, 2017

For Buyers, For Sellers, Housing Market Updates, Infographics

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Some Highlights: The concept of Supply & Demand is a simple one. The best time to sell something is when the supply of that item is low & the demand for that item is high! Anything under a 6-month supply is a Seller’s Market! There has not been a 6-months inventory supply since August 2012!