Rising Mortgage Rates And The Rumors They Inspire

Last month, over 271,000 jobs were added in the U.S. - the highest amount so far this year.  The unemployment rate dipped to 5 percent, and wages rose at the fastest pace since 2009. In a report released last week  by the Feds, all signs point to a healthy U.S. job market, almost fully healed from the deep wounds of the Great Recession. This is really great news! But, because there is always a "but", the healthier economy is raising expectations that the Federal Reserve will begin withdrawing its support for the recovery by the end of the year. In a nutshell, interest rates are very likely to rise over the next year. Not in a  … [Read more...]

A High and Mighty Look at Phoenix Real Estate

A high and mighty look at the Phoenix Real Estate Market as we head into the 4th quarter of 2015.  This time of year, the market tends to slow down and the trends we are seeing indicate that this year will follow suit. Inventory is rising, which tends to shift the advantage from the sellers towards the buyers, which many buyers will welcome. Prices are stable, and may trend down slightly as seasonal inventory increases shift (to some degree) the advantage to the buyers. New rules have been implemented with the latest installment of mortgage reform legislation. Look for longer escrow times as TRID - TILA-RESPA Integrated Disclosure - … [Read more...]

Hot-Chi-Wa-Wa: Phoenix – Mesa Real Estate Market Update – March 2015

It's that time of year when things start cooking in Phoenix real estate and we are seeing trends that indicate a market that is going to favor most sellers for the months ahead. Demand is out pacing   And rentals? Good luck! Inventory of single family homes for rent is the lowest since 2006! Questions? Just ask! Kristin LaVanway 480-282-7464 kristin@hereinphoenix.com     … [Read more...]

Phoenix Real Estate – Myth Busters Edition 2014

Are the rumors true? Find out now! With the end of 2014 fast approaching, I thought it might be fun to look at some of the myths associated with the Phoenix real estate market! Are Interest Rates Soaring? Is the Market at a Standstill? Are Home Prices Dropping Like a Rock? Is it Impossible to Get a Home Loan? You know you want to know! If you have questions or comments, you can reach me at: Kristin LaVanway 480-282-7464 Kristin@HereInPhoenix.com Music courtesy of Kevin MacLeod, www.Imcompetech.com … [Read more...]

Can You Really Buy A House In Phoenix for $100K?

Hey Bargain Shoppers! You can still buy a house in the Phoenix Metro area for $100,000 or less, but you need to be realistic...check out the video to find out what you can expect when you are buying a house with the money you have been pulling out of your couch cushions. I mean really...as of August, 2014, you have 589 single family homes to choose from that fall below $100.01 - that's 3% of the inventory. So it's not like searching for a unicorn or anything... Oh! You want to stay in Maricopa County? That $10,000 house in Eloy is just too far out? OK, Ms/Mr Picky...that leaves you with 300 homes. Out of 16,076. So closer to unicorn … [Read more...]

Identity Crisis – Phoenix Real Estate

The shift in the Phoenix Real Estate Market has left some real estate agents with a major identity crisis. After years of rescuing underwater homeowners, dealing the evil banks and constantly changing government regulations, we are left in a fairly normal market. What do we do know!!? I guess, when it gets right down to it, we all have to adjust to this new "normal" market. Once the Post Traumatic Stress Disorder starts to wind down, anyway!! Don't be afraid to reach out for help during these changing times... Kristin LaVanway HereInPhoenix.com 480-282-7464 Special appearance by Jane Fendelmen :) Outro: Feeling Good, Kevin MacLeod … [Read more...]

The History of Phoenix Real Estate (at least since 2005)

To celebrate 8 years in real estate, I present to you: The History of Phoenix Real Estate (since 2005). It's been quite a wild ride since I got my real estate license...let's catch up, shall we? For all practical purposes, our Phoenix real estate market has experience an economic disaster that is quite similar to a Category 5 hurricane. And much like New Orleans experienced with Hurricane Katrina, we have endured different phases of this experience. 2005: The Tasty Wave phase when everyone grabs a board and jumps in - regardless of any actual ability to surf or even swim 2006: The denial phase - oh, haw bad can it really get? 2007: The … [Read more...]

2012 New Year’s Catch Up – The Fab and the Dull

Kristin LaVanway Kristin@HereInPhoenix.com I am soooo behind on posting videos, I decided to make one super-sized three-for-one special featuring a recap of the 2012 Phoenix Real Estate Market (zzzzzz), and word or three on New Year's Resolutions and a Very Special Home Tour. … [Read more...]

Some &*!@* Advice for Buyers Agents

Kristin LaVanway 480-282-7464 Kristin@HereInPhoenix.com A public service announcement for buyers and their agents who are agonizing about whether or not to send in that offer to purchase one of my listings...HINT: You can't win if you don't play! Our Phoenix real estate market has been favoring the sellers over the buyers for quite some time. I hear over and over again about how buyers missed the boat because they waited too long to submit an offer. The sooner the better these days! This isn't news! But I get a lot of phone calls that almost seem like the agent is looking for a reason NOT to submit an offer: Is the property still … [Read more...]

Some Clarity Regarding Phoenix Real Estate – July 2012

Yes! I have a new fancy camera! A Canon T3i to be exact and I love it, I still have a lot to learn, but here's my first attempt at video with the new hardware. Hope it brings you a "clearer picture" of what's happening in Phoenix real estate! July's numbers are not all that different the June's, but there are some indications that things are rapidly heading towards a wonderful state of boring. The price increase we have experienced over the last year - 28% bump up - puts us right about where we should have been have the real estate market truly followed the laws of supply and demand last year - it didn't, so prices adjusted in a much more … [Read more...]