31 08, 2017

Home Prices Up 6.6% Average Nationally | ScottsdaleRealEstateArizona.com

By |2017-08-31T15:45:39-07:00August 31st, 2017|Buyers, Jane and Jeff Daley, Jeff Daley, Luxury Valley Homes, Scottsdale Real Estate, Scottsdale real estate Arizona, Sellers|0 Comments

Home Prices Released in August by the Federal Housing Agency (FHFA)   Some Highlights: The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report. In the report, home prices are compared both regionally and by state. Based on the latest numbers, if you plan on relocating to another state, waiting [...]

8 08, 2017

Millennial Homeownership Rate Increases – Luxury Valley Homes Scottsdale AZ

By |2017-12-19T11:08:53-07:00August 8th, 2017|Buyers, Jane and Jeff Daley, Jane E Daley, Jeff Daley, Luxury Valley Homes, Scottsdale Real Estate, Winfield Estates|0 Comments

Millennial homeownership rate increases - Recent headlines exclaimed the homeownership rate, as reported by the Census Bureau, rose again in the second quarter of 2017. What didn’t get much attention in the reports is that the homeownership rate for American households under the age of 35 increased a full percentage point from last quarter’s 34.3% [...]

1 08, 2017

Buyer Demand Continues Outpacing the Supply of Homes for Sale

By |2017-08-01T13:04:55-07:00August 1st, 2017|Jane E Daley, Jeff Daley, Luxury Valley Homes, Scottsdale Real Estate, Scottsdale real estate Arizona, Sellers, Winfield Estates|0 Comments

Buyer demand - The price of any item is determined by the supply of that item, as well as the market demand. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Confidence Index. Their latest edition sheds some light on the relationship between [...]

28 06, 2017

Buyers Market Helps Premium Home Sales Soar | Scottsdale Real Estate Arizona

By |2017-06-28T10:55:17-07:00June 28th, 2017|Buyers, Jane and Jeff Daley, Luxury Valley Homes, Scottsdale Real Estate, Scottsdale real estate Arizona|0 Comments

Buyers Market - We previously reported how a shortage of inventory in the starter and trade-up home markets is driving prices up and causing bidding wars, creating a true seller’s market. At the same time, in the premium home market, an over-abundance of inventory has started to see prices come down and put buyers in [...]

26 06, 2017

Home Buyers Top Mortgage Fears: Which One Scares You? | Luxury Valley Homes

By |2017-06-26T12:59:02-07:00June 26th, 2017|Buyers, Finance, Jane and Jeff Daley, Luxury Valley Homes, Scottsdale Real Estate, Scottsdale real estate Arizona|0 Comments

Home Buyers Top Mortgage Fears - Let's get real, shall we? Getting a mortgage can be a little frightening. Heck, a lot. Who doesn't get jittery at the prospect of coughing up a huge down payment, of letting lenders probe their financial past, and of ultimately committing to paying back what's owed, month after month, regardless [...]

20 06, 2017

Home Equity – How Much Equity Do You Have in Your Home?

By |2017-06-20T12:21:59-07:00June 20th, 2017|Buyers, Jane and Jeff Daley, Jeff Daley, Luxury Valley Homes, Scottsdale Real Estate, Scottsdale real estate Arizona|0 Comments

Home Equity - CoreLogic’s latest Equity Report revealed that 91,000 properties regained equity in the first quarter of 2017. This is great news for the country, as 48.2 million of all mortgaged properties are now in a positive equity situation. Price Appreciation = Good News for Homeowners Frank Nothaft, CoreLogic’s Chief Economist, explains: “One million borrowers achieved positive equity over the [...]

19 06, 2017

Buying Means Cheaper Than Renting Now by 31.1 Percent

By |2017-06-19T10:12:09-07:00June 19th, 2017|Buyers, Jane and Jeff Daley, Jeff Daley, Scottsdale Real Estate, Scottsdale real estate Arizona|0 Comments

Buying means cheaper - The results of the latest 12 Key Differences show that home ownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States. Stats actually show that the range is an average of 3.5% less expensive in San Jose (CA), all the way [...]

15 06, 2017

Are Home Prices Approaching Bubble Territory?

By |2017-06-15T13:54:58-07:00June 15th, 2017|Buyers, Jane and Jeff Daley, Jane E Daley, Luxury Valley Homes, Scottsdale Real Estate, Scottsdale real estate Arizona|0 Comments

Are home prices approaching bubble territory - As home values continue to rise, some are questioning whether we are approaching another housing bubble. Zillow just reported that: “National home values have surpassed the peak hit during the housing bubble and are at their highest value in more than a decade.” Though that statement is correct, [...]

11 06, 2017

69 Percent Buyers Wrong About Down Payment Needs – Luxury Valley Homes Scottsdale

By |2017-06-11T13:31:50-07:00June 11th, 2017|Buyers, Jane and Jeff Daley, Luxury Valley Homes, Scottsdale Real Estate, Scottsdale real estate Arizona|0 Comments

69 percent buyers wrong - According to a recent survey conducted by Genworth Financial Inc. at the Annual Mortgage Bankers’ Association Secondary Market Conference, mortgage professionals say that first-time buyers still believe a 20% down payment is necessary to buy in today’s market. 69 Percent Buyers Wrong Nearly 40% of mortgage industry professionals surveyed believe that a lack of knowledge [...]

19 05, 2017

New Construction: The Number One Answer to the Housing Shortage

By |2017-05-19T11:51:44-07:00May 19th, 2017|Buyers, Jeff Daley, Luxury Valley Homes, Scottsdale Real Estate, Scottsdale real estate Arizona|0 Comments

New construction - The biggest challenge to today’s housing market is the shortage of housing inventory for sale. A normal market would see a six-month supply of homes for sale. Currently, that number is below four months. This is the major reason home prices have continued to appreciate at higher levels than historic averages. The [...]

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