National Association of REALTORS reports strongest gain in home prices in 6 years

In the latest NAR release of April 2012 data, the National Association of REALTORS, has shown the highest gain in home prices in 6 years, a key indicator that home prices are on the mend in most markets and that the housing market has already begun to recover.  Median prices of existing homes are up, distressed homes (foreclosures and short sales) are down, and the number of homes sold is up as well.  This is great news for sellers, and with low inventories of existing homes for sale, the time is right for sellers that have been waiting for a recovery to now list their home. For more on the story check out DSNEWS.COM- Home Prices Show Strongest Gain in 6 Years.

Advertisements

Phoenix Home Prices Increase Dramatically, Outpacing Many Cities

Phoenix continues to lead the nation with home prices increasing dramatically.  As reported by Phoenix’s own FOX 10 in the web report

Phoenix home prices rise dramatically

Top 10 Mexican Food Restaurants in Phoenix

Here in Phoenix, we take our Southwest and Mexican food seriously… Here are some of the top picks for best Mexican restaurants here in the Valley….

Top 10 Mexican Food Restaurants in Phoenix

 

What is Your Real Estate Broker Doing for YOU ?

Keller Williams Realty has allowed me to have a career worth having, a business worth owning, and a life worth living, in part because of the powerful partnership that we have together.  Thanks to the amazing tools and resources that KW offers it’s agent partners, more of my time is spent with the things that matter the most to me and my business, my clients and my family.  Plus, I see a bigger return on my investment being able to produce more results for my clients, in a more efficient manner, and am able to have more commissions to do the things I love in life.  If your broker is not doing these for you, contact me today.  Let me tell you how passionate I am about KW and what we can do for you too.

Lack of Existing Homes For Sale Drive Many to New Home Construction

In the article released today on CNNMoney, Sales of New Homes Inch Up, homebuilders across the country are reporting increased sales going into the summer months of 2012.  This trend reflects the low inventory of resale homes available for buyers to choose from.  In fact, in the Phoenix metro area, we are seeing a month of inventory of existing homes on the market for buyers to look at, and in most cases multiple offers are coming in to sellers.

This is driving many buyers looking for their next dream home to look at new home construction as their solution.  In the SE Gilbert area of Phoenix for instance, new home starts are happening everyday along with new neighborhoods being developed.  In addition, Arizona was named in the article as one of the markets in the country where home prices are increasing at the fastest pace.

Conclusion- Although it will still take a few more years for many sellers to recoup the losses of the mortgage and real estate meltdown of the last decade, prices are going up, short sales are beginning to decline in many areas and sellers are actually able to sell their homes with a profit.  Also, as reported yesterday, rates are still so low historically and so it is an amazing time for buyers too.

With rates so low, what are YOU waiting for?

If you are looking to buy your next home, call me at 480-823-7770 to get started.  I can help sell your Phoenix home so you get the most money from the sale and I can help you get that next dream home that you have been waiting for.  Let’s get started today!

Phoenix #1 Market for 2012 Median List Price Increase

Interest Rates Drop Again on 30 Year Fixed

In yet another sign that now is a great time for buyers looking to buy their next home, mortgage interest rates on both 30 year and 15 year fixed have dropped.  In fact the National average rate for a 30 year fixed mortgage is now at 3.79% down from 3.83% last week.  What does this mean for buyers?  Increased buying power and less monthly out of pocket cost to you.  Check out the full article here.

Keller Williams Realty Dominates REAL Trends Rankings, Continues Strong Growth Trajectory

http://www.kw.com/kw/pressrelease.html?pressReleaseId=322

Keller Williams Realty, Sonoran Living- RED DAY 2012

What an amazing company that I partner with, Keller Williams.  Each year in May, the agents that I consider my partners, take time out of their schedules to give back to each of their communities.  I have participated in Red Day in the past and am honored to be affiliated with so many others that enjoy being able to give back to the communities that we work in.  If you want more information about Red Day or want to know how YOU can join such an amazing company, contact me today.  To see the video from yesterday’s Red Day in Phoenix, click below…