The change from a balanced market to a buyer’s market that occurred exactly one month ago has now settled in firmly. These stats are for the Phoenix Metro area as a whole, even though Fountain Hills shows different stats, overall these are the market conditions throughout the valley. Market Index- Balanced Market is 100, Below 100 is a Buyer’s Market, above 100 is a Seller’s Market […]
Interest Rates Are Headed DOWN!!
In the last couple years we have seen price increases anywhere from 20-40% on most homes in the valley, and unfortunately an increase in interest rates. Fountain Hills homes saw an appreciation of 16% in 2013. At the beginning of 2013 “industry experts” predicted interest rates would continue to increase. Yesterday , the news broke that interest rates were actually moving DOWN and approaching 4% […]
Fountain Hills Real Estate- What, Another Offer!!??
You finally found the home you love, your excited to write up an offer and then you are informed by your agent that there is another offer on the table. So now what? You are a little baffled as the house has been listed for months and now there’s another offer? Unfortunately this is more common than you think and I know many home buyers […]
Don’t Trust a “Zestimate!” Computers Don’t Sell Homes!
If you’re like many Fountain Hills home sellers what’s the first thing you do when you are trying to determine the value of your home? You go to Zillow, enter your home’s address and view the zestimate. Ok so you are either totally bummed because the price is way lower than you expected or you are jumping for joy because it’s much higher, either way the […]
Fountain Hills Real Estate- Finally a Balanced Market!
Where is the market headed? To understand the direction the housing market is headed you have to understand the 8 market indicators and what they mean. These indicators tend to fall like dominoes in a deteriorating market and recover in the same sequence in an improving market. The first 6 indicators have already shown us that the real estate market for sellers has really deteriorated […]
Fountain Hills Real Estate-Slow Down in Buyer Demand
The real estate market sure has been keeping us all on our toes these last few years. The last 2 1/2 years have been a great ride for the Phoenix area and many cities across the country but now the tide is turning. From the beginning of 2013 to about Aug/Sept we were seeing very low levels of inventory. In the last couple months the […]
Fountain Hills Home Sellers- What you Need to Know!
Homeowners in Fountain Hills have seen a run up in prices the last couple years, but that could be coming to an end. This is what you need to know if you are thinking of selling your home. The market is shifting more towards a buyer’s market and we are experiencing higher interest rates, a faltering economy, scare stories from the media and now a […]
“Stage, Stage, Stage”
Real estate professionals are still the main force in driving the world of home staging but many Fountain Hills home sellers have come to the realization that staging is the way to go. The mantra has always been ” location, location, location”, but now it’s “stage, stage, stage”. With the housing market on the rebound, and low inventory doesn’t mean you don’t have to make […]
Fountain Hills Homes – “Sweet Spot” Pricing
Even in this highly competitive market, you could find your Fountain Hills home sitting on the market month after month. The biggest reason your home doesn’t sell is price. Professional photos, online marketing, staging can make a huge impact but if you aren’t priced in the “sweet spot” your home could very well languish on the market. Four things happen when your home goes to […]
Less Fountain Hills Homeowners Under Water
Fountain Hills homes prices have been on the rise lately which is great news for underwater homeowners. Homeowners across the country with underwater mortgages continue to decline in the second quarter, according to the Zillow Negative Equity Report. The report shows that 30.9% homeowners with a mortgage are underwater which is about 15.3 million homeowners. It seems the the younger age group, those under 40 are […]