One of the most memorable real estate sales from my early career happened during the recession when homes were slow to sell. A call about a luxury horse property in San Tan Valley, before it became as popular as it is today, caught my attention. The stunning home warranted a $900,000 list price, a challenging task given the … [Read more...] about Record Breaking Deal
Recession
Will There Be A Wave Of Foreclosures?
With ongoing high inflation pushing up everyday costs, some people are worried that'll create a flood of foreclosures. Here's why that's unlikely. Fewer people are seriously behind on mortgage payments right now. If foreclosures were going to rise a lot, more people would need to be late on their payments. Since most are paying … [Read more...] about Will There Be A Wave Of Foreclosures?
2008 vs Today In Real Estate
You might be worried we’re heading for a housing crash, but there are many reasons why this housing market isn’t like the one we saw in 2008. One of which is how lending standards are different today. In 2006 the lending index had gone up to over 850. Today, the story is quite different with an index about 100. Since the crash, … [Read more...] about 2008 vs Today In Real Estate
Mattamy Homes Building Two New Communities in Queen Creek
Mattamy Homes will be building a new home community on an 88-acre property, known as The Quarters at Queen Creek. It is located northwest of Gantzel Road and Combs Road in Queen Creek, Pinal County. Mattamy Homes is also developing Empire Pointe, a 153 acre property on the north side of Empire Road between Signal Butte and Gary … [Read more...] about Mattamy Homes Building Two New Communities in Queen Creek
Options Are Improving For Home Buyers
Buyers hoping for more homes to choose from may be in luck as housing inventory begins to rise. Many experts agree – new sellers listing their homes is great news for buyers and the overall market. Although the supply increases are modest, more homes means more options for buyers. A rise in inventory may also help slow … [Read more...] about Options Are Improving For Home Buyers
Will the Housing Market Bloom This Spring?
Spring is almost here, and many are wondering what it will bring for the housing market. Even though the pandemic continues on, it’s certain to be very different from the spring we experienced at this time last year. Here’s what a few industry experts have to say about the housing market and how it will bloom this … [Read more...] about Will the Housing Market Bloom This Spring?
3 Reasons We’re Definitely Not in a Housing Bubble
Home values appreciated by about ten percent in 2020, and they’re forecast to appreciate by about five percent this year. This has some voicing concern that we may be in another housing bubble like the one we experienced a little over a decade ago. Here are three reasons why this market is totally different. 1. This time, … [Read more...] about 3 Reasons We’re Definitely Not in a Housing Bubble
Single Family Homes in Big Demand!
The desire to live in a single family resale home is strong. So strong that purchase prices for single family resale homes are at all-time highs in Greater Phoenix. Additionally, monthly rental rates for single family resale homes. The single family rental market has boomed during the pandemic. Even before the pandemic … [Read more...] about Single Family Homes in Big Demand!
