Scottsdale Real Estate Arizona
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ARCHIVED BLOG POSTS
2017
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Buyers Market - We previously reported how a shortage of inventory in the starter and trade-up home markets is driving prices up and causing bidding wars, creating a true seller’s market. At the same time, in the premium home market, an over-abundance of inventory has started to see prices come d...
06/29/2017
Two Myths Holding Back Home Buyers - In Realtor.com’s recent article, “Home Buyers’ Top Mortgage Fears: Which One Scares You?” they mention that “46% of potential home buyers fear they won’t qualify for a mortgage to the point that they don’t even try.”Myth #1: “I Need a 20% Down Payment”Buyers o...
06/27/2017
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Cost of Renting vs. Buying in the US Highlights:Historically, the choice between renting or buying a home has been a tough decision. Looking at the percentage of income needed to rent a median-priced home today (29.2%) vs. the percentage needed to buy a median-priced home (15.8%), the choice beco...
06/24/2017
Home Equity - We often discuss the difference in family wealth between homeowner households and renter households. Much of that difference is the result of the equity buildup that homeowners experience over the time that they own their home. In a report recently released by the nonpartisan Employ...
06/23/2017
Home Equity - CoreLogic’s latest Equity Report revealed that 91,000 properties regained equity in the first quarter of 2017. This is great news for the country, as 48.2 million of all mortgaged properties are now in a positive equity situation.Price Appreciation = Good News for Homeowners Frank N...
06/22/2017
Buying is cheaper - The results of the latest 12 Key Differences show that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States.The updated numbers actually show that the range is an average of 3.5% less exp...
06/20/2017
According to a recent report by Trulia, “buying is cheaper than renting in 100 of the largest metro areas by an average of 33.1%.” The report may have some people thinking about buying a home instead of signing another lease extension, but does that make sense from a financial perspective?Ralph M...
06/19/2017
Top home renovations - If you're looking to sell your home within the next few years, you may be concerned about which kinds of remodels to make. Spending too much money on substantial renovations means making yourself happy in the short-term but compromising your profit in the long-term. Spendi...
06/18/2017
If you are planning on listing your home for sale, make sure that you don’t overlook the condition of your kitchen. A recent article on realtor.com listed “7 Signs Your Kitchen Is Way Overdue for a Renovation,” in which they warned:“Dated kitchens—just like bathrooms—are a major barrier for resal...
06/16/2017
Whether you are selling or buying a home, the real estate agent you hire is critical to guaranteeing your family makes the right decision. Most agents can walk you through the process and explain the industry ‘lingo,’ but you should expect so much more than that.The housing crisis made everyone a...
06/15/2017
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