Arizona Real Estate Archives - Page 9 of 13 - J.P. Cook

The inventory of existing homes for sale in today’s market was recently reported to be at a 3.6-month supply according to the National Association of Realtors latest Existing Home Sales Report. Inventory is now 7.1% lower than this time last year, marking the 20th consecutive month of year-over-year drops. Historically, inventory must reach a 6-month

Mortgage Interest Rates Went Up Again… Should I Wait to Buy?

March 14, 2017

First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers

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Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Freddie Mac, along with Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors, is calling for mortgage rates to continue to rise over the next four quarters. This has caused some purchasers to lament the fact they may no longer be able to get

How to Get the Most Money When Selling Your Home

March 13, 2017

For Sellers, Pricing, Selling Your Home

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Every homeowner wants to make sure they get the best price when selling their home. But how do you guarantee that you receive maximum value for your house? Here are two keys to ensuring you get the highest price possible. 1. Price it a LITTLE LOW This may seem counterintuitive. However, let’s look at this

Spring Forward: The Difference An Hour Makes

March 10, 2017

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

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Some Highlights: Don’t forget to set your clocks forward this Sunday, March 12th at 2:00 AM EST in observance of Daylight Savings Time. Unless of course, you are a resident of Arizona or Hawaii! Every hour in the United States: 649 homes are sold, 177 homes regain equity (meaning they are no longer underwater on

Builder Confidence Hits 11-Year High

March 9, 2017

Build a New Home, Buying A Home, New Construction

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In many areas of the country, there are not enough homes for sale to satisfy the number of buyers looking to purchase their dream homes. Experts have long proposed that a ramp-up in new, single-family home construction would be one of the many ways to overcome this inventory shortage. According to a recent survey conducted

Housing Market Expected to “Spring Forward”

March 8, 2017

For Sellers

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Just like our clocks this weekend in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale in the market right now is what is holding back the market. Many potential sellers believe that waiting until Spring is in their

Thinking of Selling? Do it TODAY!!

March 7, 2017

For Sellers, Housing Market Updates

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That headline might be a little aggressive. However, as the data on the 2017 housing market begins to roll in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME! The February numbers are not in yet, but the January numbers were sensational. Lawrence Yun, Chief Economist

Existing Home Sales Reach Highest Mark Since 2007

March 4, 2017

For Buyers, For Sellers, Housing Market Updates

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Highlights: Sales of existing homes reached the highest pace in a decade at a seasonally adjusted annual rate of 5.69 million. January marked the 59th consecutive month of year-over-year price gains as the median home price rose 7.1% to $228,900. NAR’s Chief Economist, Lawrence Yun had this to say, “Much of the country saw robust

Where Did Americans Move in 2016?

March 3, 2017

For Buyers, For Sellers, Infographics

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Some Highlights: For the 5th year in a row, the Northeast saw a concentration of “High Outbound” activity. For the first time ever, South Dakota held the top spot for “High Inbound” states. Much of America’s outbound activity can be attributed to Boomers relocating to warmer climates after retiring. What’s Your Home Worth? Search for

Ben Carson Confirmed as HUD Secretary

March 3, 2017

Housing Market, Real Estate

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By a vote of 58-41, the U.S. Senate confirmed Dr. Ben Carson on March 2, 2017 as the next Secretary at the Department of Housing and Urban Development. National Association of Realtors® President William E. Brown laid out the challenges that lie ahead, saying Realtors® look forward to working with Secretary Carson to advance home ownership and