Not surprising, December home sales cemented 2021 as the busiest year for home buying in the 14-year history of the RE/MAX National Housing Report, while also setting records for smallest inventory and highest average home prices. On an annual basis, 2021 finished with nearly 10% more home sales than the previous record year of 2020. […]
Phoenix Housing Market is Not a Bubble
Metro Phoenix’s Housing Market is Still Hot. When Will it Cool Down? Metro Phoenix home-buyers won’t get a reprieve from rising prices anytime soon as competition for houses heats up again. The Valley’s housing market isn’t expected to be as frenzied as it was in 2021, but prices are on track to keep steadily climbing […]
Phoenix is on Top AGAIN
• Phoenix earned the first spot as the most popular metro for in-migration, gaining an average of 49,882 residents per year, from exchanges with other metros, between 2015 and 2019. • Most of the new residents came from the three largest contributors: Los Angeles, Tucson, and Chicago. • Mostly, people left from Phoenix to Tucson, Flagstaff, […]
Arizona Home Prices Fastest Rising in the Nation
Arizona is one of the top states in the nation for home price appreciation according to the recent Federal Housing Finance Agency House Price Index data release. The change in house prices between the second quarters of 2019 and 2020 was 5.4 percent in the nation, with Idaho home prices rising the highest at 10.8 percent […]
Coronavirus and Home-buying
Spring is here, which typically involves a big peak of home buyers checking out Arizona properties, negotiating, and closing on new homes. But the coronavirus outbreak—with its quarantine measures and economic uncertainties—has many a real estate shopper wondering: Should I buy a home now, or wait? I’ve been asked this a lot lately and I’m […]
Closing Costs – Not So Apparent
Closing costs can be a real ‘Black Box’ if you are not sure of what to expect! Side-Bar: If you are a seller be careful of Wholesale buyers or iBuyers. Often they will charge a sales fee (equal to a commission), contingency fee (which always seems to max. out), repair costs; and over-the-top inspection lists […]
How to attract Millennials to your home
5 Home Upgrades that Millennial Home Buyers aren’t concerned with. By Christy Crouse Despite being called out for their ineptitude at saving money and their overwhelming fondness for spending it on experiences instead of things, millennials actually do desire financial stability—especially if it means they can buy a house. So what kind of homes do […]
Gilbert | Chandler Chinese Realtor
Welcome to the brand-new decade! There’s a good chance you’re reflecting on your choices over the past 10 years. Maybe you’re patting yourself on the back for taking that job across the country. Perhaps you wish you could undo that three-year relationship that ended up costing you too much strain in your life. Or maybe, […]
Tax Considerations Selling your Home | FIRPTA
Here’s some information for the seller and buyer of real estate in the United States from a foreign owner. People from all over the world invest in United States real estate. If you’re buying property from a foreign owner, here are some things you need to know. The Foreign Investment in Real Property Tax Act […]
