Real Estate Professionals
1. Mesa, Arizona Median Home Value: $424,977 Median Home Listing Price YoY Increase: 26.40% State HPI Increase (from Q4 2020 to Q4 2021): 27.99% Population Growth (from 2010 to 2020): 14.85% Mesa’s population growth can be attributed to its sunny weather and booming economy. It has parks, lakes and forests, making it a great home […]
You may see media coverage talking about a drop in homeowner equity. What’s important to understand is that equity is tied closely to home values. So, when home prices appreciate, you can expect equity to grow. And when home prices decline, equity does too. Here’s how this has played out recently. Home prices rose rapidly […]
2-10 Home Warranty explains the freon ban now in place… On January 1, 2020, the Environmental Protection Agency’s (EPA) ban on Freon® went into full effect. This ban forbids the production or import of Freon (also called R-22) throughout the United States. Since many air conditioning units manufactured before 2010 use Freon, your Buyers and […]
Governor Whitmer Eliminates Remaining Real Estate Limitations and Reopens Much of the State. Today, Governor Gretchen Whitmer signed Executive Order 2020-110, rescinding her “Safer at Home” Order, and moving the entire state to phase four of the MI Safe Start Plan. This action removes most of the restrictions that real estate brokerages and clients have been operating […]
…and What Sellers Can Do To Prevent It! We’ve talked about surprising home features buyers LOVE, and about why buyers aren’t biting on today’s market, despite it being highly affordable. But we haven’t talked much about the characteristics of sellers, listings and homes that turn buyers all the way off. Well, not until now! Here […]
Your mortgage rate depends on your own financial portfolio and the home you plan to buy. But that’s not all. Mortgage rates also reflect movements in the U.S. housing market and the global economy — which is why they’re in constant flux. Economy – The global financial picture drives all interest rates, including mortgage rates Lender pipeline – The amount […]
Why Expensive Renovations May Not Boost Your Sale Though home improvement adds value to a property, your sellers don’t always have to undertake big projects to win a higher price at resale. June 26, 2019 | by Danielle Braff As modest increases in inventory begin to attract more buyers to the market, it may seem wise […]
14 Things to Avoid Before Buying a House Many first-time home buyers are surprised to discover just how many ways you can mess up a home purchase. You may have got your pre-approval, found a home you loved and made an offer. But if you want to avoid messing up the transaction, you will need […]
The Ultimate Truth About Housing Affordability There have been many headlines decrying an “affordability crisis” in the residential real estate market. While it is true that buying a home is less affordable than it had been over the last ten years, we need to understand why and what that means. On a monthly basis, the National […]
Lease Options, Land Contracts & “Timed-Purchase” with Early Occupancy… Options to purchase a home outside of getting financing today exist for about the same reasons. The home seeker does not have the resources to buy a home at this time. It could be a credit problem from bankruptcy or foreclosure, divorce, job loss, medical hardship, […]