Market in a Minute 2019-05 Market in a Minute 2019-05: This is a snapshot of the Nationa market in time looking at the April statistics as reported. We like to call it the Market in a Minute, a fast way to get a quick summary of the market and what it means to you [...]
Simply Increase Family Wealth - Everyone should realize that unless you are living somewhere rent-free, you are paying a mortgage – either yours or your landlord’s. Buying your own home provides you with a form of ‘forced savings’ that allows you to use your monthly housing costs to increase your family’s wealth. Every month [...]
Lending Standards - Back in 2005, Federal Reserve Chairman Alan Greenspan described the dramatic increases in residential real estate values as a “froth in housing markets.” Greenspan went on to say: “The increase in the prevalence of interest-only loans and the introduction of more-exotic forms of adjustable-rate mortgages are developments of particular concern…some households may [...]
Homes are more affordable - With both home prices and mortgage rates increased this year, many are concerned about a family’s ability to purchase a major part of the American Dream – its own home. However, if we compare housing affordability today to the average affordability prior to the housing boom and bust, we are [...]
When is a good time to Rent - People often ask if now is a good time to buy a home, but nobody ever asks whether or not it’s a good time to rent. Regardless, we want to make certain that everyone understands that now is NOT a good time to rent. When is a [...]
Cost of Renting vs. Buying Some Highlights: Historically, the choice between renting or buying a home has been a tough decision. Cost of renting - Looking at the percentage of income needed to rent a median-priced home today (28.8%) vs. the percentage needed to buy a median-priced home (17.1%), the choice becomes obvious. Every market [...]
3 Tips That Makes Your Dream of Home Ownership a Reality Some Highlights of 3 Tips: Setting up an automatic savings plan that saves a small amount of every check is one of the best ways to save without thinking much about it. Living within a budget right now will help you save money for down [...]
Best selling month differs by geography. Arizona leads their sales in November while other states differ. According to a newly released study by ATTOM Data Solutions, selling your home in the month of May will net you an average of 5.9% above estimated market value for your home. For the study, ATTOM performed an “analysis of 14.7 million home sales from 2011 to [...]
Rio Verde Area - Search current inventory of 3 bedrooms 2.5 bath homes Rio Verde AZ 85263 18611 E Avenida Del Ray - Listing Details Rio Verde 3 Bedroom Home AZ 85263 18611 E. Avenida Del Ray, Rio Verde, AZ 85263 Price: $595,000 MLS number: 5756781 Bedrooms: 3 Bathrooms: 2.5 Square Footage: 3,124 Single Family Home Built 1983 [...]
Short of War - This month, Arch Mortgage Insurance released their spring Housing and Mortgage Market Review. The report explained that an increase in mortgage rates and/or home prices would impact monthly payments this way: Short of War A 5% increase in home prices increases payments by roughly 5% A 1% rise in interest rates [...]