👀Treats in the Rain ☀️For ALL of Your East Valley AZ Real Estate Needs📞Call or 🙋‍♂Text Brian at 480-773-2370📨Email Brian  ~  Search the MLS for FREEThere is always so much to learn in the Rain on a daily basis, very few tricks, but ample treats! The challenge this month is another fun one and in thinking about my entry, it was difficult to choose which two people, and which of their posts I received amazing treats from after reading them. On a daily basis, I learn trivia from Wayne Martin, how to put together amazing market reports from Jeff Dowler, CRS, I gain inspiration from Paul S. Henderson, REALTOR®, CRS, and I get to see the progression of Fall colors from George Souto, just to name a few.  Kathy Streib  is someone that I have treasured for many years in the Rain! Our friendship ... 10/02/2023

Phoenix metro home prices are on the decline from a median $435K in August to $430K in September. Why? Freddie Mac in their weekly national mortgage survey reported on September 28 that for those with good credit the national mortgage rate has risen and is now 7.31%. (Photo: Dobbins Point Lookout over Phoenix, from Parks and Recreation website)Further, Freddie Mac reported that "the 30-year fixed-rate mortgage has hit the highest level since the year 2000. However, unlike the turn of the millennium, house prices today are rising (nationally) alongside mortgage rates, primarily due to low inventory. These headwinds are causing both buyers and sellers to hold out for better circumstances."The lowering of prices in the Phoenix metro (not nationally) and mortgage rate increases expected to ... 09/29/2023

The Phoenix Housing Market is mirroring many housing markets across the country.  With low inventory, fewer sales, and increasing prices..  The main photo for this post clearly illustrates that supply level declines are a real issue in Phoenix.   Inventory dropped 37% year over year in Phoenix as of September 24, 2023. These charts are provided by subscription to the Cromford Report.   The current supply of homes available for sale in Phoenix is fewer than 2019 levels!  Inventory has increased slightly,  coinciding with the rise in interest rates.  Those on the sidelines, thanks to interest rate increases, will be back once rates drop but in competition with many other buyers.   The number of days it takes to sell a home increased sharply beginning April 2022, but has been on the declin... 09/28/2023

SNOOZE YOU LOSE! Have you been dreaming of a new home and missing opportunities? Would you know it if there was a MOTIVATED SELLER and miss out on the home of your dreams when another buyer beats you to the table with a great offer that is accepted? Well, WHAT are you waiting for when there are MOTIVATED Sellers? It may be a long wait similar to a RIP VAN WINKLE snooze/nap. SNOOZE YOU LOSE in Real Estate! Rip was the man author Washington Irving wrote about that had napped for 20 years in the Catskill Mountains and the world had changed so much after his long snooze. (Photo: Nap in Hammock, by Jeff Masich)Rip Van Winkle snoozing in yard, by Justinthewind, Pixabay. WAKE UP RIP...Make an OFFER to the MOTIVATED SELLER!You may be snoozing also, just dreaming of that special home and the MOT... 09/27/2023