Buy or Sell Homes in South East Valley of Arizona

Navigating uncharted territory without a compass is challenging at best. Nothing about this year’s real estate activity fits into the usual cyclical patterns. Data companies are updating their projections seemingly daily. Projections are based on trends and it takes at least 3 weeks to see an emerging trend. Before the trends, there is consumer sentiment. Home has never been more important. Today we live, work, play, and teach at home. This is why real estate is the shining star in the midst of so much bad news. With a 58% increase in new starts from June to July, multi-family new builds made up the majority of the 22.6% new housing starts in July over June. The new builds are the only thing keeping prices from skyrocketing out of control. (Bisnow) In July, single family starts were up 7.4% year over year. (Elliot Eisenberg) New single-family sales are were up in July 36.3% year over year. (US Census Bureau & HUD) Resale closings in July were up 24.7% from June which were up 20.7% ...

  Now if you know me, I am not one to cry the sky is falling, but I can see a troubling trend that I feel must be said.  **This blog is a bit long- but hopefully will make you think.**  Many buyers are wondering where to find houses for sale in today’s market. It’s a true dilemma. We see an increase in buyer demand, but the supply available for purchase isn’t keeping up. There is so much construction that you see all over the valley, but a majority of it is multifamily housing, not single-family homes. So, is that a good thing, or a bad thing?   Well depend on where you are at in your life, and your needs the answer varies. Starting out in life, a condo is better than an apt, because you are building equity and not paying someone else mortgage.   But as you get married, and your family grows, you may want to trade that urban condo in for a single-family home, so you kids can play in the backyard and you have more space.   I f your kids have al...

For the whole report-   http://www.anypresentations.com/enl/view.php?id=6763&sid=2e4c&NID=97   National Home Sales Remain Above Year-Ago Levels When it comes to predicting immediate future sales, economists rely on the Pending Home Sales Index. It tracks the number of contracts in the housing market, not closings. And while July's pending home sales were down a slight 1.3 percent, they were still 6.7 percent above last year's level.  What's more, for the past 27 months the index has stayed above year-ago levels  Rising Mortgage Rates The slight dip in the index can be blamed...  Read More What You Need to Know Before Choosing a Home Mortgage Once you have found the perfect home and it has passed its home inspection, the next step is finding the right home mortgage. There are many different types of mortgages, and each has its benefits and drawbacks. You need to understand the ins and outs of your mortgage agreement before yo...

Well, anyone in Real Estate can tell you May was a very busy month in real estate!  everyone has their theory as to why, but all in all, bottom line- "it is a good time to buy a home in Arizona".   With prices still low, interest rates at an amazing low rates and some great programs out there to help folks buy a home.  Not to mention it is cheaper to buy a home than it is to rent one?  Why not!  So this is to call all of the folks that have been sitting on the fence, thinking you will wait until things hit "bottom".  Folks Bottom was in our market about September/October of last year...you don't want to wait any longer, as prices are just starting to crawling upwards! Here is a link you might find interesting; http://www.dsnews.com/articles/lps-april-2012-home-price-highlights-2012-06-22 If you know someone who might be looking to buy or better yet sell a home- as our inventory is historiclly low, call or email me and let me know and ...