Last year was one for the real estate history books. The pandemic helped usher in a buying frenzy that caused home prices to soar nationwide by a record 19.9% between August 2020 and August 2021.1 However, there were signs in the fourth quarter that the red-hot housing market was beginning to simmer down. In the month of … [Read more...] about A Return to Normal? The State of Real Estate in 2022
Every year, it seems the holidays sneak up on us—and every year, that brings with it the dreaded last-minute gift panic. Finding a present that hits all the right notes can be surprisingly stressful, even when it comes to people you’ve known for years. But have no fear! We’ve lined up a list of unique gifts for every “type” … [Read more...] about 20 Unique Home Gifts for Every Person on Your List
Today, Arizona homebuyers are facing a huge dilemma. There simply aren’t enough homes for sale.1 The Phoenix market is set to remain a seller's market in the next 12 months. In Phoenix metro, inventory grew 3.6% in August but is still down 12% over the past year. The supply of active listings is at an all-time low. 15 In … [Read more...] about New Build or Existing Home: Which One Is Right for You?
According to the FBI, more than one million burglaries are committed in the United States each year, with victims suffering an estimated $3 billion in combined property losses.1 Fortunately, there are some proven tactics you can use to decrease your likelihood of a home invasion. The city of Phoenix reported about 7,400 … [Read more...] about Shut Down Home Intruders With These 7 Safety Strategies
Selling your home when you still need to shop for a new one can feel daunting to even the most seasoned homeowner––especially when the demand for new homes keeps rising, but the supply feels like it's dwindling.¹ You're not alone either if you're already feeling drained by the complex logistics of trying to sell and buy a new … [Read more...] about 9 Tips for Buying and Selling Your Home at the Same Time
It's the old supply-and-demand predicament: Home sales in the U.S. continue at a torrid pace, but the availability of listings remains limited. Buoyed by historically low mortgage rates, buyers keep shopping for homes, reducing the available inventory and sparking a rise in home prices across the country. … [Read more...] about Phoenix-Area Real Estate Market: 5 Factors That Reveal Where it’s Really Headed
If you’re searching for drama, don’t limit yourself to Netflix. Instead, tune in to the real estate market in the Phoenix area, where the competition among buyers has never been fiercer. And with Arizona homes selling for record highs,1 the appraisal process—historically a standard part of a home purchase—is receiving more … [Read more...] about How to Bridge the Appraisal Gap in Arizona’s Real Estate Market
Learn how to determine your current net worth and how an investment in real estate can help improve your bottom line. Among its many impacts, COVID-19 has had a pronounced effect on the housing market. Low home inventory and high buyer demand have driven home prices to an all-time high.1 This has given an unexpected financial … [Read more...] about Could Arizona Rising Home Prices Impact Your Net Worth?