What’s the deal with Zillow changing its Zestimates?

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Economist’s Outlook – No Housing Recession Over Horizon

No Housing Recession Over Horizon

Posted: 03 Aug 2018 01:16 PM PDT

Through the first half of 2018, existing-home sales are down just a tad, by 2.2%, while new home sales are up 7.4%. Home prices continue to move higher by 5%. Distressed property sales have fallen to historic lows, comprising only 3% of total sales in recent months. The one area of concern is increasing housing unaffordability.

Yet even with higher mortgage rates and higher home prices, the homeownership rate has been inching higher. After touching a cyclical low of a 63% ownership rate in late 2015, the rate increased to 64.4% in the second quarter of 2018 as three million additional households became homeowners in this time, bringing the total to 77.9 million. The total number of renter households has remained roughly the same at 43 million for the past three years.

With rising home prices and more homeowners, the aggregate owners’ equity in real estate is projected to grow by $1.4 trillion this year. That gain would bring the net housing equity (home value minus mortgage outstanding) to over $15 trillion. Considering it had been only $6 trillion a decade ago at the depths of the housing market downturn, the overall picture of the housing market is quite impressive.

View the full article here.

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City of Maricopa Real Estate Market Stats – July 2018

Market Commentary:
Median Sale Price Per Square Foot is up 8% over last year.
Active listings are down 6.97% and sold listings are up 0.62% compared to this
time last year. With the decrease in Months of Supply, the market in this area is
showing signs of moving towards a sellers market.
Interested in another city? Please contact me for statistics valley-wide.
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How Movers Move Their Own Stuff: 8 Insider Hacks You’ll Be Glad to Know

Before I was married, I moved a lot (my friends gave me the nickname of Gypsy). After moving more than a dozen times (not an exaggeration) , you learn there are short-cuts that can help ease the pain of moving (just a little bit). Here are 8 insider hacks to help with the BIG move

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New Construction: What a Builder Warranty Covers

So you’re buying a newly constructed home, and it comes with a builder warranty. Awesome! That means that the builder will assume financial responsibility for anything that breaks, right? Well, not exactly. A builder warranty is issued to most new constructions, but it covers a very specific list of features in and on the house.

To find out exactly what’s under warranty, read on.

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BUY Move or Improve? How to Decide

There comes a time when every homeowner will spread their arms, look around, and say, “This house feels too small.” Perhaps your kids have outgrown their bunk beds, or your partner’s startup blew up, and now every inch of your bungalow is occupied.

Here’s how to tell whether you should start over in a new place—or transform your existing property.

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City of Maricopa – Market Update for June 2018

This market report is for the City of Maricopa. Interested in another city? Please feel free to contact us anytime!

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Cromford Report – Phoenix Metro Real Estate Update as of July 6, 2018 with commentary

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Swimming Pools…aaaahhhh

Do I have our attention? When it’s hot outside, swimming pools are a wonderful thing to have in your own backyard. I found a great website to help you build and/or care for your existing pool.

Check out Tripsavvy.com Essentials for Pools. There are many articles on the page on how to choose your pool, the estimated costs to own, and specific care.

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Photo by Pixabay on Pexels.com

 

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The world’s first family to live in a 3D-printed home

A family in France has become the first in the world to move into a 3D-printed house. The four-bedroom property is a prototype for bigger projects aiming to make housebuilding quicker and cheaper. Could it cause a shift in the building industry?

Check out the video  and article here

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