Buy or Sell Homes in South East Valley of Arizona

Either Way, You’re Still Paying a Mortgage November 4 2014 There are some people that have not purchased a home because they are uncomfortable taking on the obligation of a mortgage- or perhaps you can't because of a short sale or a foreclosure. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage - either your mortgage or your landlord’s. There are programs out there to help get you back on your feet and start reaping the benefits that you deserve! As a paper from the Joint Center for Housing Studies at Harvard University explains:  “Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate of return. That’s yet another reason owning often does—as Americans intuit—end up making more financial sense than renting.” Also, i...

Some folks are saying "the lights went out this month".  Now I am and always will be an optimist.  Giving the choice- the cup will always be ½ full.  But I see our market flatting out, ebbing in a way that makes sense.    If we keep seeing the 15-20% equity build as we have in the past 2 years- then I think I would be worried.  As I think you would see the chart explain well- Click on the link to see all of them https://www.dropbox.com/s/b1b8g6jnkh1gs5m/Sept%20stats%202013.pdf    Summary Statistics Sep-13 Sep-12 % Chg 2013 YTD 2012 YTD % Chg Absorption Rate 3 2.69 11.52 2.82 2.54 11.02 Average List Price $377,728 $332,695 13.54 $291,739 $247,968 17.65 Median List Price $219,999 $179,900 22.29 $190,000 $153,900 23.46 Average Sale Price $236,389 $199,251 18....

The National Association of Homebuilders/Wells Fargo Housing Market Index dropped two points to 55 from September’s revised reading of 57. Builder concerns over labor costs and availability and economic uncertainty related to the federal government shutdown were noted as factors contributing to the lower reading for October.  Key Points Noted In October ‘ s HMI included : Builder confidence remains above 50, which indicates that more builders have a positive outlook on housing market conditions than those with negative sentiment. The October HMI cites pent-up buyer demand in markets throughout the US as a positive influence on October’s reading. A spike in mortgage rates lowered builder confidence, but the Federal Reserve’s decision not to change its quantitative easing program eased fears about rapidly rising mortgage rates. The federal government shutdown, along with builder and consumer concerns about the national ...

ARMLS puts together a chart each month that recaps the market...this is helpful as each area is selling for more or less because of demand.  See this chart in the link and it will show you the picture of where we are at. http://www.armls.com/docs/armls-home-sales-2013/hmsalesarmlsaugust2013.pdf?sfvrsn=2 Now, each community will sell for more or less because of demand- so if you need help buying or selling your home, please feel free to give me a call. I can help you narrow down the price for the home in a certain community by the specifics.    I am always happy to help you answer any questions, with no obligation.  I am just a phone call away!

Below is the my Real Estate Market Update compiled from Michael Orr’s ASU Monthly Housing Report, ARMLS STAT and The Arizona Republic. This data is typically 45 days behind current market conditions.  I hope you find this data and information valuable! June Stats from ARMLS ·         New Listings in June fell by 6% to 9,246 from the prior month. Year over year we are down .3% ·         Inventory:  T otal inventory declined again 1.1% to 19,511 in June… Months supply of inventory is 2.37 ·         As of July 11 th … ARMLS showed 15,725 active listings with 3,786 UCB listings…30,000 active listings is considered normal! ·         Home Sales: June sales decreased 12.8% to 8,228 from May. Year over year we are plus 1.2% ·         June’s median new list price remained flat at $199,...