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With the changing market from post-Covid we are seeing a return to more traditional strategies to sell a home. In addition to adding negotiations and helping with financing to the…
Blog about the latest news in Rio Verde
With the changing market from post-Covid we are seeing a return to more traditional strategies to sell a home. In addition to adding negotiations and helping with financing to the…
February Market Tid-Bits:Phoenix Back to a Seller’s Market! But It’s Not 2020-2022 AgainFor Buyers:· The Spring season is upon Greater Phoenix. February hosts the Waste Management Open and Super Bowl…
For BuyersInvestors make up the majority of losses associated with recent price declines. This is great news, especially for first-time home buyers, as prices have come down significantly for starter…
For Buyers: Affordability is determined by 3 things: family income, 30-yr mortgage rates, and sales price. Price is not the only factor that needs to change to push affordability back…
News for Buyers: Greater Phoenix as a whole has been in a balanced market since August but was expected to glide into a buyer’s market by mid-November. The only holdouts…
Buyers:The price reductions continue. Last week when mortgage rates hit 7.0%, the Greater Phoenix housing market responded with 4,427 price reductions, 24% of all active properties in the MLS. At…
Zillow is reporting this August that the softer demand from buyers contributed to the largest monthly drop in home values, 0.3%, since 2011. Appreciation has receded since peaking in April,…
August Market Tid-Bits: News for Buyers: The number of closings with seller-paid closing costs rose 27% in July compared to June equating to 7% of all closings for the month…
July Market tid-bits: The market is entering a period of recalibration with rising interest rates and the impact on affordability:The percentage of active listings with price drops reached 44% in…
What we are seeing that indicates the market is slowing or becoming more “balanced”: Sellers are starting to offer concessions to buyers, median days on market have moved up, months…