February 2023 AZ Real Estate Market update!
An Arizona Real estate market update for February 2023. The market has turned into a slight sellers market.
How to prepare your home for showings:
First Impressions are Lasting Impressions. The exterior of your home often determines how buyers will view the interior, so: Accentuate the Positive. “How we live in a home and how we sell a home are often two different things.” Try to see your home with a fresh perspective and arrange each room to bring out […]
Understanding FHA and VA loans
Mid-November 2022 Arizona Real Estate Market update – Cromford Report
For the complete list of Charts to explain the Real Estate market for November 2022, click here. The biggest question is when interest rates will fall. High-interest rates have caused a low contract ratio, falling prices, and low demand. When will buyers feel comfortable coming back to the table with all this pent-up demand? Most […]
October 5th Market update
Arizona Market Summary for the Beginning of October from the Cromford Report “Homebuyers are in a wait-and-see mode with the elevated interest rates.” Here are the basics – the ARMLS numbers for October 1, 2022, compared with October 1, 2021, for all areas & types: Active Listings (excluding UCB & CCBS): 20,084 versus 7,649 last year […]
Listing and Sale prices decreasing
This report below, was posted to the Cromford Report website today July 7th 2022. Big news as the market has come to a complete halt and prices turned the corner in some price points. July 7 – The affidavits from Maricopa County Recorded that were filed in June have now been counted and collated and we […]
7310 E Calliandra Court Gold Canyon.
4 BD, 4 BA, 4209 sqft, 2003,
1031 Exchange
What Is a 1031 Exchange? The Basics for Real Estate Investors If you own investment property and are thinking about selling it and buying another property, you should know about the 1031 tax-deferred exchange. This is a procedure that allows the owner of investment property to sell it and buy like-kind property while deferring capital […]
Arizona Real Estate Market Update for February 2022
Median Days on the market to contract = eight days Annual appreciation 27% Year over year. Sales over asking price 42% 4760 Active listings (We Need 16,000-18,000 to be in a stable market) DOM 8 days until contract Cromford Market index is at 460. When this number reaches below 100, only then will the price […]
Alternative financing when your lender or bank says no.
Just wanted to share some alternative financing for some of you. If lenders and banks say no, just keep looking. Although some of the rates may be higher, you always want to try traditional financing first. “Our client came to us with a unique situation where due to his FICO score, he wasn’t able to […]