Excellent Video on how to prepare you for negotiations on your new home.
As we begin the month of September, many of us are looking forward to our cooler evenings and opening the windows (and the end of Monsoon Season!). Here are a few ideas to improve our air quality indoors year-round.
From the Writer:
As we all know, home-ownership is a lot of responsibility. Being a homeowner means that, if anything goes wrong or needs fixing, it’s on you. You no longer have the power to phone a friend, aka your landlord, to come fix something.
That’s why I’m sharing these four tips, so that if you do find yourself heading to an open house this weekend and find the house of your dreams, you’ll have some help on your journey. Full Article
At the time of this posting, there is video from Shark Tanks Kevin O’Leary about renting vs. buying. I’m not in full agreement that you need to be married with kids to buy a home. I think this is unique to each individual’s lifestyle and planning for their future. However, I do agree that a mortgage payment should not exceed 30% of your net income as you never know what unexpected expenses you may have with a new home.
Monetary policy is the likeliest cause of the next recession, according to a Zillow survey of economists and housing experts. Full Article
Home prices in the Phoenix area have been rising faster than the rest of the country, according to a new sales report. Full Article
The Phoenix Valley homes continues to increase in value due to the low inventory of homes available for sale. This month’s median sales price is 8.6% higher than the same time last year.
The single family home in Carmichael, California, was originally listed for $380,000 and valued by Zillow’s signature online estimate, the Zestimate, at $380,414. But when the home went under contract for $335,000, the Zestimate also dropped “right away” to $346,364, according to Lundquist.
“This makes me think Zillow’s algorithm gives huge weight to the actual list price,” he mused.
|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.
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