Posted On: August 27th, 2023 11:50PM
There are changes happening in the real estate market.
Buyers and Sellers appear to be in a holding pattern. Interest rates have been hovering in the high 6% and low 7% for the last three months, keeping many Buyers on the sidelines and Sellers reluctant to give up the lower rates on their existing mortgages.
Buyer activity (measured by listings under contract) is down significantly from normal for this time of year and Seller activity (measured by new listings) is down even further below normal.
The good news for Buyers is that after June, Buyer competition declines until the end of the year. Despite of the doldrums, there are opportunities for both Sellers and Buyers. If you would like more information about your opportunities in today's market, please give me a call.
Posted On: May 9th, 2023 11:59PM
Many potential home Buyers and Sellers are asking whther now is a good time to make a move. In this April 2023 real estate market update, we look at market indicators that might help us predict the future, i.e. we can make certain assessments about today's market and draw some conclusions about what's to come.
The video contains most up-to-date data and graphs from the very reliable and well-respcted for its accuracy Cromford Report. We work hard to make it as succinct as possible. Enjoy watching it.
Posted On: April 1st, 2023 12:08AM
The 2023 Tour of Mid-Century modern homes took me to 9 neighborhoods in Midtown, North and East Phoenix, and in Paradise Valley. The homes on the tour, with one exception, are not for sale.
The homes we viewed were selected by architectural historian Alison King. This print of Taliesin West by Alison King adorns my office, and you can easily guess that I am a fan of what she does.
Experience Fellowship at Taliesin West, by Alison King – the print to the right
I attend the tours almost each year because they are so enjoyable and inspiring. I also share the knowledge and beauty of the homes and neighborhoods with clients and friends.
On this year’s tour, which included homes in historic neighborhoods, well-hidden townhomes and a new build in the mid-century tradition and spirit, I observed and admired the architectural ideas of Ralph Haver IAI, Thomas Pansing, Blaine Drake ( a former apprentice of Frank Lloyd Wright), Ronald Craik, Lescher and Mahoney and interior designer Miles McDermott. The tour ended at the elegant Eye Opener furniture store, some with mid-century finds were shipped all the way from the Netherlands.
Highlights from the self-guided tour for me were the use of clerestory windows for letting daylight in, while protecting from the desert sun, too. The eves are made of light-colored wood, bringing in more reflective light.
Clerestory Windows – letting indirect light inside
Imagine lying on your couch and watching the everchanging moods and colors of our Arizona skies. This home was conceived as a quiet courtyard, surrounded by lush vegetation and two structures on both sides of the courtyard.
Pool in front of bedroom, vegetation for shade
Outdoor fireplace and dining area
Open space between the main house and secondary
If you curious what is for sale in some of the neighborhoods, click on the links below:
Posted On: March 3rd, 2023 5:20PM
Is it really a bad time to purchase a home now?!
Leave us a comment with what you think about the three reasons to buy now. And if you like the video, please let us know, by liking it. Thanks for watching.
Posted On: February 15th, 2023 9:19PM
The real estate market experienced a rollercoaster year in 2022. The year started strong for Sellers, with fast rising prices.
But when interest rates started rising inApril, buyer activity dropped, quickly shifting the market to a buyer's market.
Last year saw the fewest annual sales since 2015.
The increase in Buyer activity we've seen in the last few weeks might indicate that we have hit the bottom of the market.
Please watch the video for more details, data and trends. Please click on the link: