There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize, however, that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s. As Entrepreneur Magazine, a premier source for small business, explained in their article, “12
June 2018 Phoenix Real Estate Market Report
Is Greater Phoenix “Overvalued”? Mortgage Payments Are Lower Than They Were 13 Years Ago For Buyers: Interest rates have been increasing along with the inflation rate as of late, which has spawned a string of headlines about affordability. While the rate hike has knocked some buyers out of the market without a doubt, general affordability
May 2018 Phoenix Real Estate Report
Supply between $175K-$200K dropped 18% in 3 Weeks Summer is a good time to List Luxury Properties over $500K For Buyers: Supply under $200K has continued to drop rapidly, but the $175K-$200K range has accelerated its decline over the past month far more dramatically than any other price range. After being consistently 30-35% below last
April 2018 Phoenix Real Estate Market Report
MLS Sales Outperform non-MLS Sales in Frenzy Market Supply Under $200K Down 36% Over Last Year For Buyers: Greater Phoenix ended the 1st Quarter 13% lower in supply, which was not helped by a 2% decline in new listings entering the market. All price ranges are below last year’s level of supply with the exception
March 2018 Phoenix Real Estate Market Report
Median Sale Price up $20,000 over March 2017 17% of Sales are Closing Over Asking Price For Buyers: The percentage of seller concessions awarded to buyers has dropped down to 24% in the first quarter of 2018 after 2.5 years of consistently landing between 26%-28%, yet another indicator of dwindling buyer negotiating power in a
2018 Coronado Historic District Home Tour
The Coronado Neighborhood Association welcomes you to the 2018 Coronado Home Tour. Once again, we will gather at Coronado Park and enjoy food surrounded by music, a lively street fair and historically modern homes open to tour. This year’s tour will highlight both homes with a preserved history and ones that are fully renovated. Coronado
Willo Historic District Home Tour 2018
30th Anniversary Willo Home Tour Sunday, February 11, 2018 In 2018, the Willo Historic Neighborhood invites residents and Valley visitors to its 30th Anniversary Willo Home Tour. Join for an inside look at some of the unique homes that make up the neighborhood. Willo is Phoenix’s largest historic district consisting of over 900 homes and
February 2018 Phoenix Real Estate Market Report
MLS Sales Over $1M up 36% Inventory Under $150K Down 62% For Buyers: Buyers continue to have a tough time finding inventory on the low end of the market. New listings overall are down 9% year-to-date thus far, which doesn’t help matters. Compared to February last year, inventory under $150K is down 62% and down
